75898 results returned for search: "" category "Business"
The Madoff Ponzi scheme was at the centre of a Supreme Court hearing last month, which has resulted in a ruling released by Puisne Judge Stephen Hellman this week.
Mr Hellman heard defendants PricewaterhouseCoopers (PwC) argue the statement of claim ...
DATE: Nov 06, 2014
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CATEGORY:
International Business
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AUTHOR:
Rebecca Zuill
The start of November signals the final throws of the 2014 cruise season.
There’s just the one arrival this week, and only a further seven cruise calls for the year.
Today the Emerald Princess arrives in Dockyard from the Azores.
The liner and her 3,...
DATE: Nov 05, 2014
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CATEGORY:
Other
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The Royal Gazette/Bermuda Stock Exchange held steady yesterday, closing at an unchanged 1,378.70.
Ascendant Group Limited and Watlington Waterworks were traders with both equities seeing no change in their stock price.
Ascendant closed at 6.00 after ...
DATE: Nov 05, 2014
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CATEGORY:
Bermuda Stock Exchange
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Bermuda has signed up to a new international agreement to allow automatic exchange of financial information in a bid to crack down on tax cheats.
Now the Island and 50 other countries will begin the exchange of information, backed by the Organisation...
DATE: Nov 05, 2014
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Net income at Renaissance Re plunged by nearly $112 million for the third quarter of the year compared to the same period in 2013.
The Bermuda-based reinsurer recorded a profit of $67.8 million, compared to $179.7 million for the third quarter of las...
DATE: Nov 05, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Run-off acquirer Catalina Holdings (Bermuda) Ltd has signed a definitive share purchase agreement to buy PX Re from Tawa Associates Ltd.
As at June 30, 2014 PX Re had total assets of $30 million, according to Catalina, and undiscounted net liabiliti...
DATE: Nov 05, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Rebecca Zuill
Bermudian Jean-Paul (JP) Dyer has joined MJM Ltd as a senior associate.
The firm said Mr Dyer has joined as a member of the Corporate and Finance Group, specialising in capital market and corporate finance transactions with a particular emphasis on ...
DATE: Nov 04, 2014
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CATEGORY:
Local Business
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NEW YORK (Bloomberg) — American International Group, the largest commercial insurer in the US and Canada, said profit rose one percent in the first report under chief executive officer Peter Hancock.
Net income climbed to $2.19 billion, or $1.52 a sh...
DATE: Nov 04, 2014
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CATEGORY:
Reinsurance
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LONDON (BestWeek) — While Aon plc chief executive officer Greg Case is admittedly “not excited” about a revenue drop in the reinsurance brokerage arm, there is a positive outlook on the horizon with a stronger fourth-quarter capital markets pipeline ...
DATE: Nov 04, 2014
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CATEGORY:
Reinsurance
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Rosedon Hotel has invested in green energy as part of multi-pronged strategic plan for the Pembroke landmark.
Scott Kitson, a consultant for the Kitson Group of Companies and former president and chief executive officer of the organisation, along wi...
DATE: Nov 04, 2014
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CATEGORY:
Local Business
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AUTHOR:
Rebecca Zuill
