75895 results returned for search: "" category "Business"
Freisenbruch-Meyer Group (FMG) has come up with a new insurance policy specifically to cover the risks of the growing vacation rentals sector.
The rise to prominence of websites such as Airbnb.com has fuelled the rise in the number of people renting ...
DATE: Feb 19, 2015
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
A US tax pressure group yesterday warned that President Obama’s budget proposals to end tax deductions for reinsurance payments to affiliated foreign companies and on overseas earnings would cost America more than three times what it would raise.
The...
DATE: Feb 19, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda residents are being urged to consider how they will fund their retirement as new data shows increasing strain on people’s retirement finances around the world.
The long-term impact of the global economic downturn that hit in 2008 caused milli...
DATE: Feb 19, 2015
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CATEGORY:
Other
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AUTHOR:
Scott Neil
For more than 50 years a small carpentry workshop on North Shore Road, in Pembroke, has been producing crafted furniture, household items and trinkets.
It has weathered many economic downturns, but in recent years the toll on the business caused by t...
DATE: Feb 19, 2015
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CATEGORY:
Local Business
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AUTHOR:
Scott Neil
Norway-listed chemical shipper Eitzen Chemical has urged its shareholders to accept an exchange offer that will see the company move to Bermuda.
Eitzen established Team Tankers International (TTI) as a vehicle enabling its move to the Island.
“This i...
DATE: Feb 19, 2015
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CATEGORY:
International Business
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AUTHOR:
Jonathan Kent
Nearly 115,000 shares worth $302,457.62 traded on The Royal Gazette/BSX Index.
A total of 114,838 Bank of Butterfield shares moved, leaving the bank’s price unchanged at $1.99.
Shares in Ascendant Group, the parent firm of power firm Belco, fell 20 c...
DATE: Feb 19, 2015
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CATEGORY:
Bermuda Stock Exchange
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Bermuda-based insurer and reinsurer Argo has announced a 10 per cent stock dividend and a 22 per cent plus increase in its quarterly cash dividend.
The firm announced a quarterly cash dividend of 20 cents per share, compared to 18 cents per share on ...
DATE: Feb 18, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda-based Everest Re has appointed a new president of a US subsidiary.
Jonathan Zaffino will take over at Everest National Insurance Company/US insurance operations.
He replaces Daryl Bradley, who will move to a role building an international pla...
DATE: Feb 18, 2015
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CATEGORY:
Reinsurance
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Global reinsurance capital has now reached a record $575 billion, which includes more than $60 billion of deployed alternative capital, according to the latest reinsurance market report from Aon Benfield.
The reinsurance intermediary and capital advi...
DATE: Feb 18, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Scott Neil
A major insurance firm with a Bermuda operation has been bought out in a $1.88 billion swoop — the latest in a series of mergers set to affect Island businesses.
Brit Group — which opened an office on the Island around 18 months ago — has been taken ...
DATE: Feb 18, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
