77111 results returned for search: "" category "Business"
The Royal Gazette/BSX Index fell a fraction last week as Somers Ltd fell and Polaris Holdings Ltd climbed.
Financial services holding company Somers, which owns Bermuda Commercial Bank, was the biggest loser, falling 50 cents, or 3.6 per cent, over t...
DATE: Jul 27, 2015
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CATEGORY:
Bermuda Stock Exchange
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Ace chairman and CEO Evan Greenberg has met staff at merger partner Chubb — and told them they have an “historic” opportunity.
Mr Greenberg, whose firm has agreed to acquire US-based Chubb in a $28.3 billion cash-and-stock deal, said: “The opportunit...
DATE: Jul 27, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
A paediatric practice has created a new home from home in a former residential property.
Edgewood Pediatrics has moved from offices in Gorham Road in Hamilton to a detached house in nearby Richmond Road.
Edgewood’s Dr Richard Fulton said the move was...
DATE: Jul 27, 2015
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Trevor Carvey has been appointed head of treaty for Hamilton Underwriting Ltd, the Lloyd’s managing agency of Bermuda-based holding company Hamilton Insurance Group.
He will be responsible for the development of a profitable reinsurance treaty portf...
DATE: Jul 27, 2015
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CATEGORY:
Reinsurance
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Shares in BF&M Ltd improved 10 cents to $17.30 after 2,400 were traded on The Royal Gazette/BSX Index yesterday.
Also improving were shares of Watlington Waterworks, which were 25 cents higher at $20.25 after 1,000 were exchanged.
A total of 22,874 ...
DATE: Jul 27, 2015
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CATEGORY:
Bermuda Stock Exchange
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A second investment advisory firm has backed a bid by Italian company Exor for Bermuda-based reinsurer PartnerRe.
Glass Lewis advised shareholders in PartnerRe to reject the rival merger proposal from Axis Capital as the all-cash Exor offer is superi...
DATE: Jul 27, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
The Bank of Butterfield yesterday reported second-quarter profits of $26.4 million compared to $27.5 million in the second quarter of 2014 — a drop of $1.1 million.
And the bank’s board declared an interim dividend of one cent a share.
Bank chairman ...
DATE: Jul 27, 2015
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Zurich International (Bermuda) has donated $15,000 to the Bermuda Foundation for Insurance Studies. The firm has supported the organisation since 1998.
“We are very pleased to continue our support of the Bermuda Foundation for Insurance Studies as it...
DATE: Jul 27, 2015
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CATEGORY:
Reinsurance
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Being a newlywed is awesome. I reflect on that season of my life as one filled with joy and anticipation. Sure, that first year of marriage was full of challenges, enormous adjustments and unexpected changes, but on the whole it was great.
We found s...
DATE: Jul 25, 2015
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CATEGORY:
Personal Finance
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Customers are in for a surprise when they next visit Mystique’s Unique in the Bermudiana Arcade on Queen Street.
The shop, which markets itself as “providing functional fashions”, has undergone a makeover and increased its range of stock. All will b...
DATE: Jul 24, 2015
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CATEGORY:
Local Business
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AUTHOR:
Scott Neil
