76411 results returned for search: "" category "Business"
NEW YORK (Bloomberg) — Robert Benmosche, who is stepping down this weekend after five years as American International Group’s chief executive officer, said he learned in May that he had nine months to a year to live.
Benmosche, 70, said in an intervi...
DATE: Aug 29, 2014
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CATEGORY:
Reinsurance
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Businesses that put solar-generated electricity into the Belco grid are finally to be paid for their power.
Belco CEO Walter Higgins yesterday revealed that the firm’s proposal to the Energy Commission to set up a temporary pay back scheme had been a...
DATE: Aug 29, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
A Bermuda-based former motorcycle racing professional is revving up to launch a motorbike taxi service across the Caribbean.
And Antoine Richards has ambitious plans to expand his business idea from the Caribbean to Central and South America and as f...
DATE: Aug 29, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
WASHINGTON (AM Best News Service) — Starr International Co scored a procedural victory in its $25 billion class-action lawsuit against the federal government over the bailout given to American International Group during the financial crisis of 2008.
...
DATE: Aug 29, 2014
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CATEGORY:
Reinsurance
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A gain of more than five percent in the share price of financial services holding company Somers Ltd helped the Island’s stock market to edge higher today.
Somers, which owns Bermuda Commercial Bank Ltd, gained 75 cents, or 5.5 percent, to close on $...
DATE: Aug 29, 2014
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CATEGORY:
Bermuda Stock Exchange
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The Fairmont Southampton has revamped 230 rooms as part of a hotel renovation scheme expected to cost more than $11.5 million.
And the hotel is set to refurbish a further 172 rooms over the winter — as well as hotel corridors.
Fairmont Bermuda managi...
DATE: Aug 28, 2014
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
A top TV company has signed up with the Bermuda Stock Exchange.
And California-based ClearTV said its presence on the Island could lead to local link-ups, as well as boosting Bermuda’s image as a place to list a business.
ClearTV chief operating offi...
DATE: Aug 28, 2014
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CATEGORY:
Bermuda Stock Exchange
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AUTHOR:
Raymond Hainey, Assistant News Editor
KeyTech Ltd fell 3.4 percent in Bermuda Stock Exchange trading today.
The telecommunications group shed 15 cents to close on $4.25 on the trading of 3,400 shares.
Butterfield Bank remained unchanged on $1.99 as 1,000 shares changed hands.
The Royal G...
DATE: Aug 28, 2014
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CATEGORY:
Bermuda Stock Exchange
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A Bermuda insurance firm has splashed out nearly $220 million to buy a South Carolina-based company.
The deal will see Enstar Group take over Companion Property and Casualty Insurance, based in Columbia.
Enstar CEO Dominic Silvester said: “We are pl...
DATE: Aug 27, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Eleven Bermudian university students completed a 12-week cultivating internship programme with KPMG in Bermuda.
Wanda Armstrong, the firm’s HR and graduate recruitment manager, said: “The students were able to see first-hand how employment opportunit...
DATE: Aug 27, 2014
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CATEGORY:
Other
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