77114 results returned for search: "" category "Business"
Would-be merger partners Axis Capital and PartnerRe yesterday said their deal was better than a rival bid for PartnerRe by Italian investment giant Exor.
A joint statement by the two Bermuda-based companies said that their $11 billion all-share trans...
DATE: Jul 23, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
The Hamilton Princess and Beach Club has hired Bermudian Jasmine Quinn in a newly created position as food and beverage sales manager for 1609, Crown and Anchor, Marcus’ and the Beach Club.
In the new role, Ms Quinn will be the contact person for pri...
DATE: Jul 23, 2015
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CATEGORY:
Local Business
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Gombey socks and Bermuda flag socks have proven to be a surprise hit with customers of Home WorX Ltd in St George’s.
Now the shop is hoping to do it again with an exclusive range of Cup Match socks and T-shirts featuring the colours of St George’s an...
DATE: Jul 23, 2015
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CATEGORY:
Local Business
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AUTHOR:
Scott Neil
International business yesterday handed out 14 educational awards to students aiming for a corporate career.
Undergraduate students all got $15,000 a year for two years, with the one post-graduate award valued at $20,000 for one year.
And three of th...
DATE: Jul 23, 2015
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CATEGORY:
Other
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Profits plunged to $9.5 million at Allied World Assurance Company in the second quarter, down from $151.9 million during the same period in 2014.
The company was hit by a mark-to-market loss of $60.1 million on investments, together with a double-dig...
DATE: Jul 23, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Scott Neil
The Royal Gazette/BSX was unchanged after no trades took place.
The index closed at 1,243.82 and the BSX Insurance Index ended the day down 13.33 points (0.81 per cent) at 1,624.26.
DATE: Jul 23, 2015
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CATEGORY:
Bermuda Stock Exchange
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Bermuda could be a testing ground for a prototype technology that generates electricity from slow-moving water currents.
And in the long-run the Island might be able to harness a constant, renewable energy source to reduce or replace its reliance on ...
DATE: Jul 22, 2015
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CATEGORY:
Other
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AUTHOR:
Scott Neil
The board of takeover target PartnerRe yesterday did a U-turn and admitted an improved bid by Italian investment firm Exor was likely to be a “superior proposal” to its merger plan with Axis Capital.
The Bermuda-based insurer said it was prepared to ...
DATE: Jul 22, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda public relations firm Troncossi has built a new relationship with architects determined to show their value.
For the Hamilton-based company is to represent the Institute of Bermuda Architects (IBA) after a four-way bid for the contract.
Tron...
DATE: Jul 22, 2015
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CATEGORY:
Local Business
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Insurance giant Ace yesterday posted operating income of $788 million for the second quarter of the year.
The firm said that was equivalent to $2.40 a share — above the consensus analyst forecast of $2.29 a share.
Ace added its net income rose 21 per...
DATE: Jul 22, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
