75895 results returned for search: "" category "Business"
Around half of the 37 Bermuda-based employees of Platinum Specialty Underwriters Holdings Ltd have accepted redundancy packages after the reinsurer was bought out by RenaissanceRe Holdings Ltd, The Royal Gazette understands, while the other half acce...
DATE: Mar 02, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Dear Dave,
Should you budget for mad money, or just carrying around cash, when you’re trying to get out of debt?
AURORA
Dear Aurora,
What really matters is the amount of mad money you allow yourself to have. Everyone needs a little pocket money. It’...
DATE: Feb 28, 2015
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CATEGORY:
Personal Finance
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Bermuda’s biggest cell phone operator uses SIM cards sourced from a Dutch supplier targeted by UK and US spy agencies, it was revealed yesterday.
But Digicel Bermuda said that it had been assured by Gemalto, one of the biggest suppliers of SIM cards ...
DATE: Feb 27, 2015
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Reinsurance firm Third Point Re has reported a loss of $14.7 million in the last quarter of 2014.
The loss, equivalent to 14 cents per diluted common share, compared to a net income of $80.1 million (75 cents per share) in the same period in 2013 — a...
DATE: Feb 27, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Three stocks traded on The Royal Gazette/BSX Index, which closed at 1,375.11, down 0.69 of a point (0.05 per cent).
A total of 92,000 shares of Butterfield Bank were traded, leaving the stock’s price at $2.
Also changing hands were 1,200 shares of BF...
DATE: Feb 27, 2015
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CATEGORY:
Bermuda Stock Exchange
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Economic losses caused by storms, earthquakes and other natural catastrophes easily topped $1 billion in January, according to estimates by Aon Benfield.
Four windstorms in Europe and a powerful Nor’easter in the northeastern region of the United Sta...
DATE: Feb 26, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Scott Neil
It is a fundamental principle of Bermuda company law that the share capital of a company should be maintained.
However, a company limited by shares is free to reduce its share capital by a resolution of its members provided that the reduction is not ...
DATE: Feb 26, 2015
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CATEGORY:
Other
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The Island’s most extensive dry cleaning business is up for sale for $2.5 million.
It has a $2 million-a-year turnover with net income of around $450,000, according to Bermudian owner Steve Thomson.
With an estimated 90 to 95 per cent share of the Is...
DATE: Feb 26, 2015
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CATEGORY:
Local Business
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AUTHOR:
Scott Neil
The parent firm of Bermuda Commercial Bank logged a profit of $1.2 million in the last quarter of 2014.
Financial investment services holding company Somers Ltd said the figure pushed the profit for the full year to $8.7 million, while the firm also ...
DATE: Feb 26, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
NEW YORK (Bloomberg) — Meredith Whitney won an early victory in her battle to save her hedge fund as a judge said investor payments can resume while billionaire Michael Platt seeks to recoup his stake.
Platt’s BlueCrest Capital Opportunities Ltd, the...
DATE: Feb 26, 2015
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CATEGORY:
International Business
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