77122 results returned for search: "" category "Business"
Merger mania in the insurance industry shows no sign of letting up, according to a major investment management firm.
Analysts at US-based Conning said that mergers “picked up measurably” last year — and that activity had continued into the start of 2...
DATE: Mar 24, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Telecoms firm KeyTech has posted a near $20 million loss for the six months to the end of September last year.
KeyTech made a profit of $6.4 million in the same period the previous year — but the firm said the sale of phone company BTC had hit the bo...
DATE: Mar 24, 2015
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Shares of Belco’s parent company Ascendant Group fell by more than 5 per cent in Bermuda Stock Exchange trading today.
Ascendant slid 30 cents or 5.5 per cent, to close on $5.20 as 3,100 shares changed hands.
Bermuda Press Holdings Ltd, which owns th...
DATE: Mar 24, 2015
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CATEGORY:
Bermuda Stock Exchange
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The Royal Gazette/BSX Index slipped by nearly two points last week, as shares developer West Hamilton Holdings Ltd suffered a more than 14 per cent slide.
The Index closed the five days of trading down 1.86 points, or 0.13 per cent, at 1,361.18. More...
DATE: Mar 23, 2015
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CATEGORY:
Bermuda Stock Exchange
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A health timebomb could act as a drag on the Island’s economic recovery, according to a new survey by financial services firm Morgan Stanley.
The research headed by a Morgan Stanley economist said that sugar consumption was fuelling increased rates o...
DATE: Mar 23, 2015
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CATEGORY:
Economy
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AUTHOR:
Raymond Hainey, Assistant News Editor
NEW YORK (Bloomberg) — American International Group won court approval of a $970.5 million settlement with investors who accused the insurer at the onset of the financial crisis of misleading them about risks tied to sub-prime mortgages.
The investor...
DATE: Mar 23, 2015
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CATEGORY:
Reinsurance
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Nearly 200 professionals from Bermuda are set to attend the insurance industry’s largest annual conference next month.
The Risk and Insurance Management Society (RIMS) conference, to be held in New Orleans, is expected to attract 10,000 delegates, as...
DATE: Mar 23, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
BF&M Ltd shares rose in Bermuda Stock Exchange trading today.
The insurer climbed ten cents, or 0.6 per cent, to close on $17.50 as 6,300 of its shares traded.
Butterfield Bank was the most heavily traded stock, with 180,345 of its common shares chan...
DATE: Mar 23, 2015
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CATEGORY:
Bermuda Stock Exchange
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AQR Re Management Ltd is to wind down its operations after three years in business as a result of the reinsurance industry’s “consolidating market dynamics”.
Some people will consequently lose their jobs at the firm, which works out of offices at 3 B...
DATE: Mar 23, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Dear Dave,
My daughter is in her late 20s, and she has a good job making $50,000 a year. The other day, she told me she has $15,000 in credit card debt and has financed an expensive car she’s upside down on. Her apartment costs $600 a month, and she...
DATE: Mar 21, 2015
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CATEGORY:
Personal Finance
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