75898 results returned for search: "" category "Business"
A bank chief who left Clarien Bank three months ago is to join its parent company in a top role.
Zoran Fotak — who left Clarien Bank earlier this year — will become CEO of CWH Ltd, which is the 80 per cent majority shareholder in Clarien Bank.
Mitche...
DATE: Dec 16, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
The standard shopping basket of goods and services was 2.6 per cent more expensive in October than a year earlier, the latest Government statistics have revealed.
The average cost of items on the Consumer Price Index (CPI) rose by 0.3 per cent from S...
DATE: Dec 16, 2014
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CATEGORY:
Economy
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AUTHOR:
Raymond Hainey, Assistant News Editor
A new reinsurance company has launched in Bermuda with the aim of expanding the reach of insurance-linked securities (ILS).
Sequant Re Holdings Ltd announced today that its new Class 3 Bermuda reinsurer had completed its financing.
The company said S...
DATE: Dec 16, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
A total of 30,720 shares worth $137,514 today changed hands on The Royal Gazette/BSX.
Communications firm KeyTech saw 400 shares trade, leaving it down 40 cents (11.1 per cent) at $3.20 — a new 52-week low.
Bermuda Aviation Services finished the day...
DATE: Dec 16, 2014
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CATEGORY:
Bermuda Stock Exchange
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Telecoms firm CableVision is to increase its infrastructure capability by 50 times, the firm has revealed.
The firm said it would use fibre networks direct to homes and lead to faster download times and allow for new services.
CableVision CEO Terry R...
DATE: Dec 16, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Hurricanes Fay and Gonzalo drove the Retail Sales Index up for October, according to figures and analysis released this morning.
The Department of Statistics reported that retail sales for the month were 4.4 per cent higher than the $82.2 million rec...
DATE: Dec 16, 2014
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CATEGORY:
Other
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AUTHOR:
Rebecca Zuill
A flood of alternative capital into reinsurance could cause instability and put the industry’s reputation at risk.
And XL Group CEO Mike McGavick called for a renewed focus to enhance “trust in the system”.
Mr McGavick said at a conference in Bermuda...
DATE: Dec 15, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
The struggling commercial real estate sector is bouncing back, according to the latest figures.
Real estate firm Coldwell Banker said it had rented or placed in contract nearly 80,000 square feet of office space this year — most of it in the City of ...
DATE: Dec 15, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
The Royal Gazette/BSX Index fell more than a half per cent last week as three domestic-board stocks fell and only one gained.
Bermuda Aviation Services Ltd made the biggest move, sliding 75 cents, or 25 percent to close the week on $2.25, as 10,300 s...
DATE: Dec 15, 2014
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CATEGORY:
Bermuda Stock Exchange
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Butterfield Bank is to axe phone banking in the new year.
The bank said a lack of demand, new technology and support needs were behind the decision to end the service.
A spokesman for the bank said: “Telephone banking has been trending downward, whil...
DATE: Dec 15, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
