76407 results returned for search: "" category "Business"
Shares of Belco owner Ascendant Group Ltd rose on the Bermuda Stock Exchange yesterday.
Ascendant climbed ten cents, or 1.6 percent, to close on $6.25 on the trading of 5,000 shares.
The most heavily traded stock was Butterfield Bank, which remained ...
DATE: Aug 09, 2014
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CATEGORY:
Bermuda Stock Exchange
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Dear Dave,
I make $30,000 a year. I’ve just started Baby Step 2 of your plan, and I’m paying off my debts from smallest to largest. I have $55,000 in debt, including $15,000 on a car loan. I recently picked up a part-time job to help pay down the de...
DATE: Aug 09, 2014
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CATEGORY:
Personal Finance
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The insurance market may be at “a tipping point” in terms of overcoming the reluctance to engage in mergers and acquisitions (M&A) activity.
That is the view of professional services firm PwC, which is predicting a “quiet revolution” in global insura...
DATE: Aug 08, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
By Rebecca Zuill
Markel Corporation profits were up for the second quarter, the company reporting net income of $41.141 million compared to $28.676 million for the equivalent 2013 period.
The Richmond, Virginia-based company has a Bermuda presence a...
DATE: Aug 08, 2014
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CATEGORY:
Reinsurance
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Standard & Poor’s credit rating analysis of Turks and Caicos Islands (TCI), a British Overseas Territory, was released yesterday and highlighted a prosperous economy and net general government asset position for the Caribbean country.
The ratings age...
DATE: Aug 08, 2014
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CATEGORY:
Other
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AUTHOR:
Rebecca Zuill
Tower Group of Companies shareholders have overwhelmingly backed a deal that would see fellow Bermuda-based company ACP Re take over the struggling insurer.
The takeover has been approved by 98.5 percent of voting shareholders, the company announced ...
DATE: Aug 08, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Rebecca Zuill
Bermuda-domiciled energy shipper Teekay LNG Partners has finalised agreements with a Chinese partner to provide six icebreaker liquefied natural gas (LNG) tankers for transporting gas from northern Siberia.
The company last night declared its second-...
DATE: Aug 08, 2014
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda-domiciled aircraft leasing company Intrepid Aviation Ltd is planning an initial public offering of its shares.
Intrepid said in a press release yesterday that it has confidentially submitted a draft registration statement to US regulator the ...
DATE: Aug 07, 2014
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CATEGORY:
International Business
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The Royal Gazette/Bermuda Stock Exchange closed up 2.47 yesterday.
Trading was light with 500 shares changing hands at a value of $2,250.00.
KeyTech was the only stock to trade, and it was up 0.20 at 4.50 at the close.
DATE: Aug 07, 2014
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CATEGORY:
Bermuda Stock Exchange
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Bermuda reinsurer RenaissanceRe plans to spend another half a billion dollars buying back its own shares.
The company said last night that its board of directors had approved an increase in the company’s share repurchase programme, bringing the total...
DATE: Aug 07, 2014
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CATEGORY:
Reinsurance
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