75889 results returned for search: "" category "Business"
Bermuda’s credit rating took a hit yesterday after analysts lowered the Island’s ratings.
Ratings agency Standard & Poors (S&P) reduced Bermuda’s long term issuer credit and senior unsecured debt ratings to A+ from AA-, and said continued weak econom...
DATE: Apr 29, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
A reinsurance chief with close links to Bermuda has won a top award in the US.
Barbara Bufkin, executive vice-president for business development at the US arm of Bermuda-based Hamilton Insurance Group, was honoured for her contribution to the advance...
DATE: Apr 29, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
America’s Cup chiefs are banking on Butterfield to provide financial smooth sailing.
For the Bank of Butterfield has been named the official bank of the America’s Cup.
The news means the bank will provide all banking services to the America’s Cup Eve...
DATE: Apr 29, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Insurance and reinsurance giants XL today posted operating earnings of $194.4 million for the first quarter of the year — more than $44 million down on the same time last year.
Earnings per share were 75 cents a share and book value stood at $37.60 a...
DATE: Apr 29, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Axis today reported a jump in first-quarter profits by $19 million to $156 million.
The take for the first three months of 2015 compared to a figure of $137 million for the same period last year.
The figures are equivalent to $1.54 per common share, ...
DATE: Apr 29, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
The Bank of Butterfield saw 99,600 shares move on The Royal Gazette/BSX Index.
The bank’s price remained unchanged at $1.90.
The only other trade was 100 shares in telecoms firm KeyTech, whose price was also unchanged at $2.86.
The 99,600 shares that...
DATE: Apr 29, 2015
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CATEGORY:
Bermuda Stock Exchange
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Bermuda has boosted its laws on trust in a bid to make the Island a more attractive destination for business, Premier Michael Dunkley said yesterday.
Mr Dunkley told delegates at the Transcontinental Trusts Bermuda Forum that the Island welcomed the ...
DATE: Apr 28, 2015
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CATEGORY:
Other
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A Bermuda roadshow aimed at highlighting the advantages of setting up captive insurance companies is to visit two Canadian cities next week.
And it is hoped the trip will bring new jobs to the Island.
The Bermuda Development Agency (BDA) tour — takin...
DATE: Apr 28, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
A Bermuda law firm is to change its name to BeesMont.
ISIS Law, set up in 2008, made the switch after the same initials were later used to identify the terror group Islamic State in Iraq and Syria (ISIS).
The new name is a combination of the founders...
DATE: Apr 28, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
News that the fifth-biggest bank in Canada is to end its ownership stake in Butterfield Bank has been characterised as “a real a show of independence and strength” for the Island institution by Butterfield CEO Brendan McDonagh.
“Butterfield Bank is r...
DATE: Apr 28, 2015
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CATEGORY:
Other
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AUTHOR:
Scott Neil
