75908 results returned for search: "" category "Business"
Newly published research by the US Congress claims that 76 companies have shifted their corporate domiciles away from the US since 1983 — one of them being Ace Ltd.
Such domicile shifts are referred to as “inversions” and have been causing concern am...
DATE: Jul 09, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Bermuda-domiciled re/insurer Lancashire Holdings Ltd says its Kinesis Capital Management Ltd subsidiary has completed its mid-year capital raise.
Investors were invited to subscribe for securities in Kinesis Holdings I Ltd to enable its subsidiary, K...
DATE: Jul 09, 2014
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CATEGORY:
Reinsurance
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Two lawyers have just returned to Bermuda after promoting the Island at a conference in Switzerland.
Jeffrey Elkinson, a director in Conyers Dill & Pearman’s Litigation and Insolvency department, and Peter Pearman, a director in the firm’s Private Cl...
DATE: Jul 09, 2014
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CATEGORY:
International Business
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There are shifting sands in the world of Bermuda’s public accountants, who have now accomplished what many said was impossible.
They have unified under one umbrella organisation, bringing together more than 820 professionals of three different accoun...
DATE: Jul 09, 2014
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CATEGORY:
Local Business
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AUTHOR:
David Fox, Business Editor
Bermuda-headquartered Bacardi Limited, the largest privately held spirits company in the world, has pledged a half a million dollars over the next five years to the Bermuda Hospital Charitable Trust “Why it Matters” campaign.
During a donation ceremo...
DATE: Jul 09, 2014
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CATEGORY:
Other
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Bermuda Press (Holdings) Ltd recorded a loss of $112,000 in the first half of its 2014 fiscal year, as advertising revenue fell.
The company, which owns The Royal Gazette, as well as commercial printing, retail and real estate interests, saw revenue...
DATE: Jul 09, 2014
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CATEGORY:
Local Business
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An America’s Cup competition in Bermuda could bring hundreds of millions of dollars to the Island over an extended short-term period, but substantially improve long-term tourism and other business prospects, going forward.
Evidence of this is found i...
DATE: Jul 08, 2014
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CATEGORY:
Economy
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AUTHOR:
David Fox, Business Editor
After years of recession, Bermuda’s economy is showing “some signs of a rebound” — but a recovery isn’t guaranteed, according to financial advisers Anchor Investment Management.
And with widespread uncertainty over foreign citizens acquiring Bermuda ...
DATE: Jul 08, 2014
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CATEGORY:
Economy
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AUTHOR:
Jonathan Bell
The April through June period set a new quarterly record for the volume of catastrophe bonds issued.
According to a report by Willis Capital Markets & Advisory (WCMA), $4.5 billion of non-life catastrophe bond capacity was issued in 17 deals in the s...
DATE: Jul 08, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Arch Capital Group Ltd yesterday announced a slew of promotions in its reinsurance group to support the recent expansion of the company’s mortgage insurance and reinsurance operations.
Marc Grandisson recently became chairman and CEO of Arch Worldwid...
DATE: Jul 08, 2014
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CATEGORY:
Reinsurance
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