75898 results returned for search: "" category "Business"
Apollo Enterprise Solutions, Ltd. (AES) is to list a 10 percent convertible loan note on the Bermuda Stock Exchange (BSX).
The convertible loan note, which is being managed by Clarien BSX Services Ltd, comes as AES states it has reached some “import...
DATE: Oct 31, 2014
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CATEGORY:
Bermuda Stock Exchange
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AUTHOR:
Rebecca Zuill
Spirits are now more in vogue than beer and wine, reaching a height of fashion not achieved since the early days of the 1900s when speakeasy’s reigned and drinks such as the Moscow mule, gimlet and pink lady were among the choices from the bar.
Resta...
DATE: Oct 31, 2014
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CATEGORY:
Local Business
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AUTHOR:
Rebecca Zuill
The Royal Gazette/Bermuda Stock Exchange saw two decliners on the board yesterday, pushing the index down 3.09 to close at 1,378.70.
A total of 3,000 shares changed hands at a value of $13,500.00.
Bank of NT Butterfield preference shares were down $1...
DATE: Oct 31, 2014
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CATEGORY:
Bermuda Stock Exchange
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The wealthy Green family is aiming to ditch the Fairmont group as managers of the Hamilton Princess, The Royal Gazette can reveal.
Now the row has moved to a New York court as the Greens seek to dump the hotel chain, which also owns and operates the ...
DATE: Oct 31, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda re/insurer Argo Group International Holdings Ltd saw third-quarter profits rise on improved underwriting results.
Argo posted net income of $44.7 million compared to $31 million in the corresponding quarter of last year.
Chief executive offic...
DATE: Oct 31, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Bermuda-based American Overseas Group (AOG) has acquired Orpheus, which is a specialty writer of non-standard auto (NSA) insurance business in the US.
AOG, which was formerly known as Ram Re, is in the process of running off its long-tail financial g...
DATE: Oct 31, 2014
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CATEGORY:
Reinsurance
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The lion’s share of the insurance claims made in Bermuda in relation to Hurricane Gonzalo will not be shouldered by local insurers — but instead by the companies that reinsure them.
That is the view of rating agency AM Best, which said today it “does...
DATE: Oct 31, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
The parent company of dock services firm Stevedoring Services Ltd today reported an annual loss of $1.8 million for the year ended March 31, 2014.
Polaris Holding Company Ltd said in a statement that much of the loss was down to a $1 million write-do...
DATE: Oct 31, 2014
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Telecommunications firm the KeyTech Group reported that earnings fell more than 30 percent in its last fiscal year as expenses related to acquisitions took their toll.
KeyTech, which owns Logic Communications, made net income of $5.7 million for the ...
DATE: Oct 31, 2014
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CATEGORY:
Local Business
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AUTHOR:
Jonathan Kent
Window dressing refers to a practice used by some companies to improve the appearance of financial information before the close of an accounting period and reporting to investors or creditors.
There are many forms of window dressing, ranging from s...
DATE: Oct 30, 2014
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CATEGORY:
Other
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