77111 results returned for search: "" category "Business"
Insurance and reinsurance firm Argo Group yesterday reported $27.9 million in profits for the second quarter of the year.
The net income was nearly 28 per cent down on the $38.6 million recorded for the same quarter last year.
The latest figure is eq...
DATE: Aug 05, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
British Airways has responded to increasing frustration and dismay expressed in the wake of delays and cancellations on its service between Bermuda and London this year.
The airline, which operates the only direct flights between the Island and the U...
DATE: Aug 05, 2015
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CATEGORY:
Other
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AUTHOR:
Scott Neil
Bermuda CableVision chief Terry Roberson has left the firm.
The move comes only weeks after the cable TV company joined forces with internet provider Logic under the KeyTech banner.
Now KeyTech CEO Lloyd Fray has taken over as acting CEO of Logic.
A ...
DATE: Aug 05, 2015
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda insurance firm Arch will not make a bid for rival Axis after it failed in a merger bid with PartnerRe, according to a report out of the UK.
London-based trade publication The Insurance Insider suggested that Arch, which has been linked to Axi...
DATE: Aug 05, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda is on track to qualify under new EU rules governing third country rights for Island-based alternative fund managers.
The Island is due to amend the Investment Business Act to make it eligible for a Euro “passport” under the European alternati...
DATE: Aug 05, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
The company behind the Bermuda Commercial Bank has increased its share buy-back scheme.
Somers Ltd has upped the maximum number of shares to be repurchased from 200,000 to 300,000.
The Bermuda exempt financial services investment firm, who also has a...
DATE: Aug 05, 2015
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CATEGORY:
Other
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TORONTO (Bloomberg) — Bermuda-domiciled Brookfield Property Partners LP climbed the most in two years after the landlord said it’s in the process of selling multi-family, industrial and office assets, taking advantage of strong investor demand for re...
DATE: Aug 05, 2015
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CATEGORY:
Other
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A total of 6,380 shares worth $64,129 traded on The Royal Gazette/BSX Index.
Investment holding company Somers Ltd, which owns the Bermuda Commercial Bank, saw 4,500 shares move, leaving its price unchanged at $13.50.
And 1,880 shares in the Bank of ...
DATE: Aug 05, 2015
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CATEGORY:
Bermuda Stock Exchange
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If you ask a US citizen what they are most afraid of in getting in their mail most will answer “a letter from the Internal Revenue Service”. And with good reason. The average person has little to no knowledge of the Internal Revenue Code and relies o...
DATE: Aug 04, 2015
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CATEGORY:
Other
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Insurance and reinsurance firm Endurance yesterday posted a $1 million rise in profits for the second quarter of the year.
The firm recorded net income of $76 million, equal to $1.68 per common share, compared to profits of $75 million in the same pe...
DATE: Aug 04, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
