76406 results returned for search: "" category "Business"
Bermuda’s reinsurers may face huge payouts in the wake of a massive chemical explosion in a Chinese port that claimed more than 100 lives.
Ratings agency Fitch estimated that losses from the Tianjin event could hit $1.5 billion.
Leila Madeiros, senio...
DATE: Aug 19, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
The Bermuda Government pulled in $8.4 million more in revenue in the first quarter of this financial year than the same period last year.
The first quarter figures released today showed that income totalled $223.2 million — a 3.9 per cent increase on...
DATE: Aug 19, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
A total of 28,300 shares worth $55,955 traded on The Royal Gazette/BSX Index.
The Bank of Butterfield saw 27,800 shares move, lifting its price up five cents (2.9 per cent) at $1.80.
Insurance company Argus was up 20 cents (5.3 per cent) at $4 after ...
DATE: Aug 19, 2015
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CATEGORY:
Bermuda Stock Exchange
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Two Bermuda-registered companies have been named in a complaint document filed by US regulators surrounding an alleged $100 million fraud.
The Securities and Exchange Commission (SEC) claims that traders mostly based in the Ukraine used a string of c...
DATE: Aug 18, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Impact. How do you make the biggest impact not only in your own life but on those around you? How do you define impact?
In my view it is the cumulative effect of the energies and capabilities you put into your activities on those around you. When yo...
DATE: Aug 18, 2015
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CATEGORY:
Other
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A new smartphone and tablet kiosk enterprise in Washington Mall is not standing still. It has acquired a repair shop on Court Street to augment its business.
Things rapidly took off for Direct.bm after owner Alex Jones identified a gap in the market ...
DATE: Aug 18, 2015
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CATEGORY:
Local Business
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AUTHOR:
Scott Neil
Investment management firm Catco has signed up two new specialist underwriters.
It has hired Simon Moore and Lindsay Watson to strengthen its underwriting team.
CEO Tony Belisle said: “As Catco continues to grow and provide new, innovative products f...
DATE: Aug 18, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
China finally joined the global devaluation bandwagon by announcing last week it was removing a longstanding peg to the greenback and allowing the country’s currency to decline in value.
The People’s Bank of China’s (PBOC’s) announcement caused the ...
DATE: Aug 18, 2015
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CATEGORY:
Other
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Bermuda’s business regulator has linked up with the US National Association of Insurance Commissioners (NAIC) to improve the exchange of information.
The Bermuda Monetary Authority (BMA) has signed a new memorandum of understanding with the associati...
DATE: Aug 18, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Insurance group Ace has announced its 2015 graduate trainee.
Dominique Richardson will now join the company’s professional lines department on a two-year graduate training programme.
Ms Richardson, a business administration graduate of Barry Universi...
DATE: Aug 18, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
