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KeyTech Ltd shares plunged nearly eight percent today, while Butterfield Bank rose to hit the $2 mark.
Telecommunications group KeyTech tumbled 35 cents, or 7.8 percent, to close the day on $4.15, as 2,500 shares changed hands.
Butterfield gained one...
DATE: Sep 16, 2014
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CATEGORY:
Bermuda Stock Exchange
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A Bermudian herbalist has created a new anti-wrinkle cream — called Cougar.
And Manaie Buchanan is aiming to take her secret blend of herbs, vegetable and fruit extracts to the world stage.
Ms Buchanan, who has been fascinated by natural remedies sin...
DATE: Sep 16, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Insurer BF&M today announced $17.5 million in shareholders’ net income for the first six months of the year.
The figure is up more than $7 million on the same period last year and represents an annualised return on shareholders’ equity of 14.5 perce...
DATE: Sep 16, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
With pricing weakness in most lines of reinsurance and a glut of capital, reinsurers should not be drawn into a passive mode, waiting for a major event to shake up the market.
That is the view of Alex Moczarski, chief executive officer of global rein...
DATE: Sep 15, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
A delegation from Bermuda went to Mexico City to make new trust business ties.
The 12-strong group attended a series of targeted meetings as well as the STEP (Society of Trust and Estate Practitioners) Latin American Conference in Mexico City on Sept...
DATE: Sep 15, 2014
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CATEGORY:
International Business
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AUTHOR:
Jonathan Kent
One of Bermuda’s oldest guest houses is to close, the owners have revealed.
And Salt Kettle Guest House in Paget, run by Hazel Lowe and her family for nearly 45 years, is to become homes rather than a holiday spot.
A spokesman for the Lowe family sai...
DATE: Sep 15, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
An independent Scotland could set itself up as an insurance and reinsurance centre, a top industry lawyer believes.
If Scotland’s residents vote to break away from the United Kingdom in a referendum on Thursday, contracts and wordings around many pol...
DATE: Sep 15, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Reinsurance broker TigerRisk Partners is to open an office in Bermuda by the end of this month.
The company announced yesterday that Alex Bridges, from TigerRisk’s London office, has moved to Bermuda to lead the new business platform.
TigerRisk is pr...
DATE: Sep 15, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Rises in the share prices of KeyTech Ltd, BF&M Ltd and Argus Group Holdings Ltd drove the Island’s stock market higher this week.
The Royal Gazette/BSX Index climbed 9.22 points, or 0.65 percent, over the five days of trading. A total of 80,525 share...
DATE: Sep 15, 2014
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CATEGORY:
Other
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BF&M Ltd gained 2.8 percent in Bermuda Stock Exchange trading yesterday.
The insurer saw 500 of its shares traded and closed at $18.50 per share.
Butterfield Bank was the most actively traded stock, with a total of 25,000 shares changing hands, as th...
DATE: Sep 13, 2014
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CATEGORY:
Bermuda Stock Exchange
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