76415 results returned for search: "" category "Business"
Asset managers facing regulatory and compliance challenges should view the flood of regulation as an opportunity to enhance their company’s operational structure and provide a strategic advantage in a competitive market.
That’s the belief of PWC Berm...
DATE: Apr 30, 2015
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CATEGORY:
Other
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Standard & Poor’s Rating Services has downgraded Butterfield Bank as a direct result of the Bermuda Government’s credit rating downgrade earlier this week.
But even as it cut Butterfield’s long-term issuer credit rating to BBB from BBB+, the rating a...
DATE: Apr 30, 2015
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
A Bermuda-based fund administrator has won a top European award.
Equinoxe Alternative Investment Services won ‘Best Administrator for Client Service under $30 billion’ in the HFMWeek European hedge fund services awards.
Equinoxe founder and CEO Steph...
DATE: Apr 30, 2015
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Shares of Butterfield Bank were the only stock traded on The Royal Gazette/BSX Index, but they ended the day unchanged at $1.90.
A total of 11,300 shares in the bank were exchanged.
The Royal Gazette/BSX Index closed unchanged at 1,320.81. The BSX In...
DATE: Apr 30, 2015
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CATEGORY:
Bermuda Stock Exchange
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Insurance and reinsurance firm Validus yesterday reported $173.4 million in profits for the first quarter of the year.
That is equivalent to $1.98 per share, compared to $162.4 million, or $1.66 per share, for the first three months of 2014.
Validus ...
DATE: Apr 30, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
The key role Bermuda’s insurance and reinsurance sector played in assisting New Orleans to rebuild and recover after the devastating damage caused by Hurricane Katrina in 2005 was recalled at this week’s RIMS event, held in the Louisiana city.
Some 1...
DATE: Apr 29, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Scott Neil
Bermuda’s credit rating took a hit yesterday after analysts lowered the Island’s ratings.
Ratings agency Standard & Poors (S&P) reduced Bermuda’s long term issuer credit and senior unsecured debt ratings to A+ from AA-, and said continued weak econom...
DATE: Apr 29, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
A reinsurance chief with close links to Bermuda has won a top award in the US.
Barbara Bufkin, executive vice-president for business development at the US arm of Bermuda-based Hamilton Insurance Group, was honoured for her contribution to the advance...
DATE: Apr 29, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
America’s Cup chiefs are banking on Butterfield to provide financial smooth sailing.
For the Bank of Butterfield has been named the official bank of the America’s Cup.
The news means the bank will provide all banking services to the America’s Cup Eve...
DATE: Apr 29, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Insurance and reinsurance giants XL today posted operating earnings of $194.4 million for the first quarter of the year — more than $44 million down on the same time last year.
Earnings per share were 75 cents a share and book value stood at $37.60 a...
DATE: Apr 29, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
