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Butterfield Bank shares fell nearly 12 per cent today, as The Royal Gazette/BSX Index shed almost 100 points.
The bank’s shares slid by 22 cents to close the day on $1.65 on the trading of 41,000 shares on the Bermuda Stock Exchange.
Bermuda Aviation...
DATE: Jun 02, 2015
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CATEGORY:
Bermuda Stock Exchange
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A new $300 million catastrophe bond has been admitted for listing on the Bermuda Stock Exchange. Bermuda-based special purpose insurer Compass Re II Ltd has issued the Series 2015-1 notes, which have a due date of December 8, 2015. The issuance will ...
DATE: Jun 02, 2015
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CATEGORY:
Reinsurance
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Bonds offered by the Bermuda Government offer the lowest risk for investors of any country in the Caribbean region, according to Euromoney’s Country Risk (ECR) survey.
Bermuda ranks 44 in the magazine’s global rankings, on the same level as Spain and...
DATE: Jun 01, 2015
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CATEGORY:
Economy
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Shares worth almost $3.28 million traded on the Bermuda Stock Exchange last week — with the vast majority of the turnover generated by trading in BF&M Ltd.
In a trading week shortened for last Monday’s Bermuda Day holiday, more than 181,000 shares wo...
DATE: Jun 01, 2015
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CATEGORY:
Bermuda Stock Exchange
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Android system phones that sell at a fraction of the cost of big-name brands are proving popular for a Bermuda business that is finding its feet in the Washington Mall.
With smartphones ranging from $99 to $249, Direct.bm has positioned itself to fil...
DATE: Jun 01, 2015
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CATEGORY:
Local Business
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AUTHOR:
Scott Neil
Partnerships will gain more of the same rights as businesses under amendments to the law that Government hopes will boost the Island’s asset management sector.
Economic Development Minister Grant Gibbons said the changes to the Partnership Act 1902 w...
DATE: Jun 01, 2015
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CATEGORY:
International Business
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AUTHOR:
Jonathan Kent
Just two months into the Bermuda Government’s 2015-16 fiscal year, the public debt is taking its toll.
The graphic above shows the cost of merely servicing the debt for the months of April and May equates to more than $560 for every Bermudian man, w...
DATE: Jun 01, 2015
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CATEGORY:
Other
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NEW YORK (Bloomberg) — Canada Pension Plan Investment Board, the nation’s largest pension fund manager, agreed to buy a 9.9 percent stake in Bermuda-based Enstar Group Ltd, extending its bet on reinsurance.
The pension plan is buying about 1.9 millio...
DATE: Jun 01, 2015
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CATEGORY:
Reinsurance
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Former White House chief information officer Theresa Payton will give the keynote speech at next week’s Bermuda Captive Conference.
Ms Payton served under President George W Bush from 2006-08, the first woman to hold the position, and was in charge o...
DATE: Jun 01, 2015
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CATEGORY:
Reinsurance
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Bank of Butterfield shares fell 22 cents after 41,000 of its shares changed hands on The Royal Gazette/BSX.
The 11.8 per cent fall left the bank’s price at $1.65.
A total of 600 shares in Bermuda Aviation Services also sold, leaving the firm 15 cents...
DATE: Jun 01, 2015
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CATEGORY:
Bermuda Stock Exchange
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