76418 results returned for search: "" category "Business"
Ace Ltd is teaming up with BlackRock Financial Management, the world’s largest money manager, to create a new Bermuda-based reinsurance venture.
The companies are seeking to raise between $800 million and $1.3 billion for the new business, named ABR ...
DATE: Mar 20, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Bermuda has been overstating the number of companies registered on the Island for more than a decade, Government revealed today.
Economic Development Minister Grant Gibbons said the errors had been spotted by officials at the Registrar of Companies. ...
DATE: Mar 20, 2015
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Butterfield Bank shares shed a cent in Bermuda Stock Exchange trading today.
The bank dipped 0.5 per cent to $1.98 as 10,000 of its common shares traded.
Butterfield’s 8 per cent preference shares were the only other issue to trade. They held their ...
DATE: Mar 20, 2015
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CATEGORY:
Bermuda Stock Exchange
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Improved high speed broadband internet for Bermuda is on the horizon with Bermuda Telephone Company (BTC) proposing to introduce access speeds of 50 Mbps (megabit per second) and 100 Mbps.
Presently the best residential internet speeds on the Island ...
DATE: Mar 19, 2015
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CATEGORY:
Local Business
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AUTHOR:
Scott Neil
Britain has launched a bid to muscle in on Bermuda’s money-spinning insurance-linked securities business.
Bermuda is a leader in insurance-linked securities (ILS) — but yesterday UK Chancellor of the Exchequer George Osborne signalled that Britain wo...
DATE: Mar 19, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
HSBC Bermuda is scrutinising its account holders in a bid to crack down on tax evasion and money laundering, The Royal Gazette can reveal.
The bank responded to questions from this newspaper after it was revealed its arm in Jersey, a UK Crown Depende...
DATE: Mar 19, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
By Jonathan Kent
Standard & Poor’s Rating Services has removed both Axis Capital Holdings Ltd and PartnerRe Ltd from CreditWatch with negative implications after concluding that their proposed merger will create a combined company with a stronger com...
DATE: Mar 19, 2015
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CATEGORY:
Reinsurance
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Coral Beach and Tennis Club is to hold a job fair next week as it seeks 30 new staff members. Some of the positions are seasonal, but most are full time.
The private club is asking prospective employees to come along next Wednesday, March 25, and to ...
DATE: Mar 19, 2015
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CATEGORY:
Other
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AUTHOR:
Scott Neil
Five stocks traded on The Royal Gazette/BSX Index, but there was no chance to the closing price of the shares, resulting in no movement for the Index, which remained at 1,365.90.
A total of 4,500 shares of Ascendant Group, the parent company of Belco...
DATE: Mar 19, 2015
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CATEGORY:
Bermuda Stock Exchange
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A trio of first-time conferences is set to attract hundreds of high-spending delegates to Bermuda, the Bermuda Development Agency (BDA) has revealed.
It is hoped that the conferences will boost the Island’s reputation as a business base hot spot amon...
DATE: Mar 18, 2015
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
