77140 results returned for search: "" category "Business"
Bermuda’s current account fell by $108 million in the second quarter of the year compared to the same period in 2013, the latest Government figures have revealed.
The current account stood at $215 million in the quarter which finished at the end of J...
DATE: Oct 24, 2014
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Retail sales recorded their first increase in three months with August figures showing a 0.3 per cent improvement over the same month last year, according to the Retail Sales Index, which is compiled by the Department of Statistics.
But after adjusti...
DATE: Oct 24, 2014
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CATEGORY:
Other
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AUTHOR:
Rebecca Zuill
Kaith Re Ltd, acting in respect of its segregated account LI Re, has listed a new bond programme on the Bermuda Stock Exchange (BSX).
A ‘programme’ is an umbrella structure under which separate securities are issued. A person close to the industry ex...
DATE: Oct 23, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Rebecca Zuill
Insurance firm Freisenburch-Meyer is dealing with an estimated 18 months’ worth of claims in the space of a week after Bermuda was hit by two storms.
Now staff at the Front Street firm are processing claims and visiting clients whose homes suffered i...
DATE: Oct 23, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Hedge funds are flexible investment vehicles, built on the premise that their investors are financially “sophisticated” and aware of the inherent risks in these investments. But even these sophisticated investors can fall victim to fraud.
Some of t...
DATE: Oct 23, 2014
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CATEGORY:
Other
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By Rebecca Zuill
Everest Re is reporting third quarter operating profits of $280.5 million or $6.12 a share, up 37 percent on the $205 million or $4.12 a share generated in the Q3 2013 period.
The Insurance Insider, reporting on the results, said the...
DATE: Oct 23, 2014
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CATEGORY:
Other
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Logic Communications Ltd’s internet service has been fully restored, following damage from Hurricane Gonzalo, the firm reported today.
Logic would like to remind the public that service to customers is dependent on their access provider’s (CableVisio...
DATE: Oct 23, 2014
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CATEGORY:
Local Business
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Ace Ltd, Allianz and XL Group, all with significant presences in Bermuda, are among just nine insurance sector players best prepared to manage climate change-related risk, according to US-based advocacy group Ceres.
In a report that authors Ceres des...
DATE: Oct 23, 2014
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CATEGORY:
Other
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AUTHOR:
Rebecca Zuill
Wireless services firm CellOne’s 4G network is expected to be fully up to speed by the end of the day.
CEO Frank Amaral said the CDMA network was already fully restored, while the 2G system and EasyConnect stood at 80 percent operational.
He added: ...
DATE: Oct 23, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
PRESS RELEASE
BF&M and Argus announced today that they will be waiving the right to apply separate deductibles for those unfortunate residential customers who incurred damage during both Tropical Storm Fay and Hurricane Gonzalo.
The companies report...
DATE: Oct 23, 2014
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CATEGORY:
Other
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