75926 results returned for search: "" category "Business"
The introduction of a weekly ten percent discount at several grocers has not caused the stores to raise prices, according to Government.
Home Affairs Minister Michael Fahy said a recent report showed an “usual price increase” for some products, but t...
DATE: Feb 12, 2014
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CATEGORY:
Other
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AUTHOR:
Owain Johnston-Barnes
Bermuda insurance group Hamilton has hired a graduate of the US military training school West Point to lead its battle for business in America.
Conan Ward, who worked in Bermuda for several years, moves to recently-founded Hamilton from his own consu...
DATE: Feb 12, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Shipping firm BCL has suspended plans to change its US port to Philadelphia after a labour dispute broke out between dock workers and management at the US port.
Now the firm’s MV Oleander will continue to ship goods from New York/New Jersey’s Port El...
DATE: Feb 12, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda-based Arch Capital Group Ltd will is to enter the US mortgage insurance market after its US-based subsidiaries (Arch US MI) completed the acquisition of CMG Mortgage Insurance Company (CMG MI) and the mortgage insurance operating platform of ...
DATE: Feb 12, 2014
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CATEGORY:
Reinsurance
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Minister of Finance Bob Richards will be the star speaker at the annual post-Budget breakfast held by the Chamber of Commerce.
Mr Richards — who will present the first full OBA Budget in the House of Assembly three days earlier — will explain his bl...
DATE: Feb 12, 2014
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Butterfield Bank shares surged 2.9 percent in Bermuda Stock Exchange trading to hit a new 52-week high.
The bank rose five cents to close on $1.75, as 11,200 shares traded.
Insurer BF&M Ltd also gained, climbing six cents, or 0.4 percent, to close on...
DATE: Feb 12, 2014
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CATEGORY:
Bermuda Stock Exchange
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Insurance and reinsurance firm Catlin yesterday announced 2013 profits had jumped by more than a quarter to $432 million.
The Bermuda-based firm also recorded a record of more than $1 billion in underwriting contributions — up $212 million on the pre...
DATE: Feb 11, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Gulfstream, a new restaurant on the South Shore Road in Southampton, was to open quietly last night, but by yesterday afternoon, the word was out.
While The Royal Gazette was visiting the newly renovated premises yesterday afternoon, the telephone ra...
DATE: Feb 11, 2014
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CATEGORY:
Local Business
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AUTHOR:
Rebecca Zuill
The second Bermuda insurance-linked securities (ILS) conference will be held from November 12-13, organisers have announced.
Arthur Wightman, insurance leader at financial services firm PwC and an ILS Bermuda committee member, said: “The year 2013 re...
DATE: Feb 11, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda’s telecoms watchdog has slammed an advert by mobile firm Digicel that takes a swipe at rival Logic.
Now Regulatory Authority (RA) CEO Philip Micallef has written to Digicel chief Wayne Caines saying the ad is in “bad taste”.
The advert, which...
DATE: Feb 11, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor