76407 results returned for search: "" category "Business"
Bermuda is on track to qualify under new EU rules governing third country rights for Island-based alternative fund managers.
The Island is due to amend the Investment Business Act to make it eligible for a Euro “passport” under the European alternati...
DATE: Aug 05, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
The company behind the Bermuda Commercial Bank has increased its share buy-back scheme.
Somers Ltd has upped the maximum number of shares to be repurchased from 200,000 to 300,000.
The Bermuda exempt financial services investment firm, who also has a...
DATE: Aug 05, 2015
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CATEGORY:
Other
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TORONTO (Bloomberg) — Bermuda-domiciled Brookfield Property Partners LP climbed the most in two years after the landlord said it’s in the process of selling multi-family, industrial and office assets, taking advantage of strong investor demand for re...
DATE: Aug 05, 2015
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CATEGORY:
Other
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A total of 6,380 shares worth $64,129 traded on The Royal Gazette/BSX Index.
Investment holding company Somers Ltd, which owns the Bermuda Commercial Bank, saw 4,500 shares move, leaving its price unchanged at $13.50.
And 1,880 shares in the Bank of ...
DATE: Aug 05, 2015
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CATEGORY:
Bermuda Stock Exchange
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If you ask a US citizen what they are most afraid of in getting in their mail most will answer “a letter from the Internal Revenue Service”. And with good reason. The average person has little to no knowledge of the Internal Revenue Code and relies o...
DATE: Aug 04, 2015
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CATEGORY:
Other
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Insurance and reinsurance firm Endurance yesterday posted a $1 million rise in profits for the second quarter of the year.
The firm recorded net income of $76 million, equal to $1.68 per common share, compared to profits of $75 million in the same pe...
DATE: Aug 04, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda-domiciled insurance and reinsurance firm Argo Group has appointed a new global head of professional lines.
Steve McGill, who starts next month and has 27 years’ experience in the industry, joins the firm from XL Catlin, where he was global pr...
DATE: Aug 04, 2015
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CATEGORY:
Reinsurance
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PartnerRe has agreed to be bought out by Italian investment firm Exor in a $6.9 billion deal.
The reinsurer has scrapped its previous plan to merge with fellow Bermuda firm Axis Capital.
Exor, which is controlled by the wealthy Agnelli family, will p...
DATE: Aug 04, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Insurance firm XL Catlin yesterday revealed operating earnings of nearly $246 million for the second quarter of the year.
The results are the first since XL and Catlin combined under the XL Group banner.
The $245.8 million operating profit reported f...
DATE: Aug 04, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Axis Capital failed in its bid to merge with rival PartnerRe after Italian investment firm Exor won a bidding war — but the firm is $315 million better off as a result of a massive break fee.
The firm accepted defeat after PartnerRe’s board yesterday...
DATE: Aug 04, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
