77129 results returned for search: "" category "Business"
NEW YORK (Bloomberg) — The biggest investor in Meredith Whitney’s hedge fund moved a lawsuit seeking to recoup its $46 million stake to New York from Bermuda, where it was originally filed last year.
BlueCrest Capital Opportunities Ltd, a fund connec...
DATE: Feb 20, 2015
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CATEGORY:
International Business
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Bermuda-based Maiden Holdings notched up profits of $34.6 million for the last quarter of 2014, the firm reported yesterday.
The figure is more than $11 million up on the same period in 2013 and represents 44 cents per diluted common share compared t...
DATE: Feb 20, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
The early signs of the beneficial impact of the America’s Cup on Bermuda are being felt.
Island Trading, on Reid Street, has seen an increase in the number of hotels, guest houses and beach clubs seeking to upgrade their outdoor furniture ahead of th...
DATE: Feb 20, 2015
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CATEGORY:
Local Business
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AUTHOR:
Scott Neil
Nearly half of global CEOs in the insurance field predict more joint ventures or strategic alliances over the next year, according to survey results released yesterday.
And two thirds of business chiefs believe that new tie-ups between firms offered ...
DATE: Feb 19, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Freisenbruch-Meyer Group (FMG) has come up with a new insurance policy specifically to cover the risks of the growing vacation rentals sector.
The rise to prominence of websites such as Airbnb.com has fuelled the rise in the number of people renting ...
DATE: Feb 19, 2015
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
A US tax pressure group yesterday warned that President Obama’s budget proposals to end tax deductions for reinsurance payments to affiliated foreign companies and on overseas earnings would cost America more than three times what it would raise.
The...
DATE: Feb 19, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda residents are being urged to consider how they will fund their retirement as new data shows increasing strain on people’s retirement finances around the world.
The long-term impact of the global economic downturn that hit in 2008 caused milli...
DATE: Feb 19, 2015
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CATEGORY:
Other
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AUTHOR:
Scott Neil
For more than 50 years a small carpentry workshop on North Shore Road, in Pembroke, has been producing crafted furniture, household items and trinkets.
It has weathered many economic downturns, but in recent years the toll on the business caused by t...
DATE: Feb 19, 2015
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CATEGORY:
Local Business
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AUTHOR:
Scott Neil
Norway-listed chemical shipper Eitzen Chemical has urged its shareholders to accept an exchange offer that will see the company move to Bermuda.
Eitzen established Team Tankers International (TTI) as a vehicle enabling its move to the Island.
“This i...
DATE: Feb 19, 2015
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CATEGORY:
International Business
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AUTHOR:
Jonathan Kent
Nearly 115,000 shares worth $302,457.62 traded on The Royal Gazette/BSX Index.
A total of 114,838 Bank of Butterfield shares moved, leaving the bank’s price unchanged at $1.99.
Shares in Ascendant Group, the parent firm of power firm Belco, fell 20 c...
DATE: Feb 19, 2015
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CATEGORY:
Bermuda Stock Exchange
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