75922 results returned for search: "" category "Business"
HSBC Bermuda is seeing a growing number of clients who have signed their paperwork and are ready to borrow, but are waiting before they buy a property.
The revelation came during an interview with the bank’s top executives after they released their f...
DATE: Mar 04, 2014
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
The House Ways and Means Committee released an almost 1,000-page discussion draft entitled Tax Reform Act of 2014. The stated purpose of the proposed legislation is to lower individual and corporation income tax rates, simplify the Internal Revenue C...
DATE: Mar 04, 2014
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CATEGORY:
Other
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Apex Fund Services has launched its three-hour hedge fund net asset valuation (NAV) reporting service called Tzero, giving fund managers the world’s fastest portfolio valuation service.
The Tzero service will leverage Apex’s real-time portfolio manag...
DATE: Mar 04, 2014
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CATEGORY:
International Business
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Bermuda-based life reinsurer Wilton Re Holdings Ltd yesterday announced an agreement to acquire Conseco Life Insurance Company from CNO Financial Group for around $237 million.
It was the second deal announced by the company in the space of a month, ...
DATE: Mar 04, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Bermuda reinsurers could be in the hook for larger winter claims than normal coming from both sides of the Atlantic, after a string of storms hit the US and UK over the past few weeks.
PCS, a division of Verisk Analytics, has already calculated insur...
DATE: Mar 04, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Bermuda-based re/insurer Maiden Holdings Ltd has promoted Patrick Haveron to the role of president of Maiden Insurance Company Ltd.
Mr Haveron will have responsibility for the oversight, management and continued development of Maiden’s Bermuda reinsu...
DATE: Mar 04, 2014
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CATEGORY:
Reinsurance
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As local number portability was launched yesterday, CellOne sweetened the deal with a ‘$200 off’ promotion on some postpaid phone services.
Rival Digicel is promising mobile users “a smooth experience” when switching their numbers, by launching Digi...
DATE: Mar 04, 2014
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CATEGORY:
Local Business
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AUTHOR:
Rebecca Zuill
Bermuda Commercial Bank Ltd, BCB Paragon Trust Ltd along with well-known cyclist Neil de ste Croix are among those being sued because of the alleged “brazen and extraordinary breach of their fiduciary and contractual obligations” which resulted in th...
DATE: Mar 03, 2014
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CATEGORY:
International Business
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AUTHOR:
Rebecca Zuill
Butterfield Bank had a spectacular week in Bermuda Stock Exchange trading, surging more than 17 percent.
The bank’s shares closed the week at $1.99, up 29 cents for the five days of trading, after it announced a special dividend and a tripling of ann...
DATE: Mar 03, 2014
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CATEGORY:
Bermuda Stock Exchange
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Clarien Group Ltd, announced that it has appointed Paul Finn to head Capital G Bank’s Wealth Management division.
Clarien said the appointment of the American in the role of executive vice-president, effective today, aligns with Clarien’s plans to e...
DATE: Mar 03, 2014
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CATEGORY:
Local Business
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