76418 results returned for search: "" category "Business"
A health timebomb could act as a drag on the Island’s economic recovery, according to a new survey by financial services firm Morgan Stanley.
The research headed by a Morgan Stanley economist said that sugar consumption was fuelling increased rates o...
DATE: Mar 23, 2015
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CATEGORY:
Economy
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AUTHOR:
Raymond Hainey, Assistant News Editor
NEW YORK (Bloomberg) — American International Group won court approval of a $970.5 million settlement with investors who accused the insurer at the onset of the financial crisis of misleading them about risks tied to sub-prime mortgages.
The investor...
DATE: Mar 23, 2015
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CATEGORY:
Reinsurance
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Nearly 200 professionals from Bermuda are set to attend the insurance industry’s largest annual conference next month.
The Risk and Insurance Management Society (RIMS) conference, to be held in New Orleans, is expected to attract 10,000 delegates, as...
DATE: Mar 23, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
BF&M Ltd shares rose in Bermuda Stock Exchange trading today.
The insurer climbed ten cents, or 0.6 per cent, to close on $17.50 as 6,300 of its shares traded.
Butterfield Bank was the most heavily traded stock, with 180,345 of its common shares chan...
DATE: Mar 23, 2015
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CATEGORY:
Bermuda Stock Exchange
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AQR Re Management Ltd is to wind down its operations after three years in business as a result of the reinsurance industry’s “consolidating market dynamics”.
Some people will consequently lose their jobs at the firm, which works out of offices at 3 B...
DATE: Mar 23, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Dear Dave,
My daughter is in her late 20s, and she has a good job making $50,000 a year. The other day, she told me she has $15,000 in credit card debt and has financed an expensive car she’s upside down on. Her apartment costs $600 a month, and she...
DATE: Mar 21, 2015
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CATEGORY:
Personal Finance
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The UK is to introduce a new tax designed to crack down on firms like Google who channel cash through subsidiaries to avoid tax.
Now Google — which came under fire last year for funnelling billions to Bermuda — and other firms will be subject to a ne...
DATE: Mar 20, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Who better to manage a bookshop than an aspiring writer and poet?
Yesha Townsend, 28, is in her element at The Book Cellar in St George’s, and her passion for books and creative expression is one of the first things that strike you when you enter the...
DATE: Mar 20, 2015
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CATEGORY:
Local Business
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AUTHOR:
Scott Neil
Myth #33: Is it really finders’ keepers in the world of discovered treasure?
Given Bermuda’s history, which is rife with stories of privateers (a form of legalised piracy), shipwrecks and smugglers, who doesn’t dream of finding the classic pirates ch...
DATE: Mar 20, 2015
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CATEGORY:
Other
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Island insurance firm BF&M is to be the official America’s Cup healthcare provider. BF&M president and CEO John Wight said: “With the America’s Cup coming to Bermuda we wanted to show our support for the event and our community. This agreement allows...
DATE: Mar 20, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
