77127 results returned for search: "" category "Business"
The parent firm of Bermuda Commercial Bank logged a profit of $1.2 million in the last quarter of 2014.
Financial investment services holding company Somers Ltd said the figure pushed the profit for the full year to $8.7 million, while the firm also ...
DATE: Feb 26, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
NEW YORK (Bloomberg) — Meredith Whitney won an early victory in her battle to save her hedge fund as a judge said investor payments can resume while billionaire Michael Platt seeks to recoup his stake.
Platt’s BlueCrest Capital Opportunities Ltd, the...
DATE: Feb 26, 2015
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CATEGORY:
International Business
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A Bermuda firm is to expand its business into wealth management.
EFG International — which specialised in investment research — is changing its name to EFG Wealth Management (Bermuda) and moving into asset management with a strong focus on the captiv...
DATE: Feb 26, 2015
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Claims for damage from the unprecedented occurrence when two hurricanes battered Bermuda in one week are expected to reach just over $7 million for Colonial Group International. Considering the ferocity of both hurricanes, it is a minor miracle and i...
DATE: Feb 26, 2015
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CATEGORY:
Reinsurance
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A 5,000-strong listing of local businesses is to made available to the public, Home Affairs Minister Michael Fahy said yesterday.
Senator Fahy said the move to open up the Bermuda Economic Development Development Corporation (BEDC) register would mak...
DATE: Feb 26, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
A total of 11,400 stocks worth more than $101,000 today traded on the Bermuda Stock Exchange.
Shares in financial services holding company Somers Ltd rose 24 cents (1.7 per cent) to $14.49 after 4,200 shares were traded.
Ascendant Group, parent firm ...
DATE: Feb 26, 2015
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CATEGORY:
Bermuda Stock Exchange
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Partnering with the Lloyd’s of London market gives Bermuda insurers extra credibility, according to a top lobbyist for the industry.
Bradley Kading, president of the Association of Bermuda Insurers and Reinsurers (ABIR), addressed the thriving Berm...
DATE: Feb 26, 2015
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CATEGORY:
Reinsurance
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Bermuda logged a massive $20 billion-plus in deals in the last quarter of 2014 — the highest amount of any offshore jurisdiction.
And experts predicted “merger mania” would continue into this year as firms rush to consolidate.
The Island notched up h...
DATE: Feb 26, 2015
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Butterfield Bank today reported net income of $98.3 million for 2014, up by more than 25 per cent from the previous year.
The results represented a fourth consecutive year of earnings growth for Butterfield.
Chairman and chief executive officer Brend...
DATE: Feb 26, 2015
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CATEGORY:
Local Business
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AUTHOR:
Jonathan Kent
Business chiefs are lukewarm on the latest Budget — with more than three-quarters saying Government missed revenue-raising opportunities.
And an overwhelming number rated the level of debt as their major concern — with privatisation, public sector st...
DATE: Feb 25, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
