76407 results returned for search: "" category "Business"
Endurance will keep on nearly half of the worldwide staff of its new acquisition Montpelier Reinsurance, The Royal Gazette has learned.
The deal closed on Endurance’s takeover of its fellow Bermuda-based insurer and reinsurer last Friday.
Montpelier ...
DATE: Aug 04, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
This article was submitted by 23-year-old Riketa Pavy. It reflects her experience of working for local chain Buzz and how she has earned an opportunity to go to university in the UK, supported by her employer.
By Riketa Pavy
I began working at Buzz i...
DATE: Aug 04, 2015
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CATEGORY:
Local Business
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The Royal Gazette/BSX closed unchanged at 1,243.64 after a day of no trades.
The BSX Insurance Index ended the day down 13.91 points (0.85 per cent) at 1,631.70.
DATE: Aug 04, 2015
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CATEGORY:
Bermuda Stock Exchange
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Two more proxy advisory firms have recommended PartnerRe shareholders to vote against a merger with Axis Capital.
Proxy Mosaic said that a rival all-cash $6.8 billion bid by Italian investment firm Exor for PartnerRe “outweighs the potential upside i...
DATE: Aug 03, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Get ready to experience a sense of déjà vu when you purchase a bottle of Gosling’s Black Seal rum during the next few months, because retro bottles featuring the same label design used in the 1960s are about to hit the shelves.
For a limited time the...
DATE: Aug 03, 2015
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CATEGORY:
Local Business
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AUTHOR:
Scott Neil
The Royal Gazette/BSX Index closed higher at the end of the holiday-shortened week, finishing 3.5 points (0.28 per cent) higher at 1,247.44. The Index was closed on Thursday and Friday.
Shares of Watlington Waterworks improved 25 cents (1.3 per cent)...
DATE: Aug 03, 2015
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CATEGORY:
Bermuda Stock Exchange
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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 03, 2015
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CATEGORY:
Reinsurance
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The gap between Bermuda Government’s revenue and expenditure narrowed during the first three months of the year compared with the same period a year ago.
Government reported revenue of $244.6 million between January and March, up 3.7 per cent, while ...
DATE: Aug 03, 2015
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CATEGORY:
Other
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AUTHOR:
Scott Neil
The Royal Gazette/BSX closed down 3.8 points (0.3 per cent) at 1,243.64.
The Bank of Butterfield saw its price end the day one cent down (0.6 per cent) at $1.75 after 2,935 shares traded.
Utilities firm KeyTech, which last week posted losses of $1.9 ...
DATE: Aug 03, 2015
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CATEGORY:
Bermuda Stock Exchange
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Former HSBC chief financial officer Michael Schrum has jumped ship to Butterfield Bank.
Mr Schrum will become group chief financial officer at Butterfield at the end of next month.
Butterfield chairman and CEO Brendan McDonagh said: “I am pleased to ...
DATE: Aug 03, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
