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Falls in the share price of Butterfield Bank, Argus Group Holdings Ltd and Ascendant Group Ltd weighed on The Royal Gazette/BSX Index today.
Butterfield slid by one cent, or 0.5 percent, to $1.99 as 96,912 shares traded.
Insurer Argus suffered the bi...
DATE: Sep 17, 2014
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CATEGORY:
Bermuda Stock Exchange
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By Raymond Hainey
A fresh crackdown on tax avoidance by global firms has been launched by an international watchdog.
And an end to a loophole where internet giants Google can channel billions of dollars of profits earned elsewhere to Bermuda has been...
DATE: Sep 17, 2014
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CATEGORY:
International Business
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Bermudian Charles Jeffers II has been named chief operating officer of Destination Marketing Association International (DMAI) in Washington, DC.
Mr Jeffers, a former law researcher for the Supreme Court of Bermuda, currently serves as senior vice-pre...
DATE: Sep 17, 2014
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CATEGORY:
Other
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Although just months old, cyber business Jobber.bm has entered a new stage of maturity, and is now being used as a tool for small businesses to find employees.
From its start as a website seeking bids for casual, short-term tasks such as event staffi...
DATE: Sep 16, 2014
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CATEGORY:
Local Business
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AUTHOR:
Rebecca Zuill
A global reinsurance broker with offices in Bermuda is targeting expansion in the US.
JLT Towers Re — soon to change its name to JLT Re — said it would increase its presence in America through recruitment and buy-ups of other companies.
And CEO Mike ...
DATE: Sep 16, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Reinsurance buyers are demanding more specialised and targeted solutions — and reinsurers that fail to meet their needs are vulnerable.
That is the view of professional services firm PwC, expressed in a report entitled ‘Reinsurance 2020: Taking contr...
DATE: Sep 16, 2014
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CATEGORY:
Reinsurance
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The Bermuda Government released its Gross Domestic Report for 2013 this month, and the numbers give rise for some cautious optimism.
The report said that GDP, which measures the total value of goods and services produced in Bermuda, and is the most i...
DATE: Sep 16, 2014
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CATEGORY:
Bermuda Works
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A Bermuda-based international insurer has awarded overseas residencies to two Bermudian business graduates.
Students Nicholas Butterfield and Jaime Ferrari-McComb have been sponsored by Lancashire Insurance to live in London and work in the company’s...
DATE: Sep 16, 2014
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CATEGORY:
Other
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AUTHOR:
Jonathan Bell
Karen Brine, Joy Jones and Heather Chilvers are celebrating 25 years at Coldwell Banker Bermuda Realty this year, the real estate company has announced.
Ms Jones and Ms Brine started working at Coldwell Banker on the same day — September 5, 1989, wh...
DATE: Sep 16, 2014
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CATEGORY:
Local Business
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Cash-rich businesses like internet giants Google could use their financial clout to muscle in to the reinsurance market, an expert said yesterday.
And Dennis Sugrue, director of ratings agency Standard & Poors (S&P), warned the industry that it would...
DATE: Sep 16, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
