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Shares of three companies fell in Bermuda Stock Exchange trading today.
Insurer BF&M Ltd suffered the sharpest dip, sliding 50 cents, or 2.6 percent, to $18.50, on the trading of 7,200 shares.
Ascendant Group Ltd, the parent company of Belco, slipped...
DATE: Sep 18, 2014
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CATEGORY:
Bermuda Stock Exchange
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Three young student lawyers yesterday got a $5,000 boost after top law firm Marshall, Diel & Myers split its annual scholarship award between them.
Now Ciara Burrows, Alexis Hayes and Jennifer Looby will all get financial help as they prepare for a c...
DATE: Sep 17, 2014
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
BF&M was the only stock to trade yesterday, closing at 19.00, up 0.50 after 637 shares changed hands.
The value of trading was $11,926.30.
The Royal Gazette/Bermuda Stock Exchange closed up 3.44 at 1,404.02.
DATE: Sep 17, 2014
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CATEGORY:
Other
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A $20 billion cash injection has been pumped into non-traditional reinsurance over the last two years, according to industry experts Guy Carpenter.
The new capital has entered the market through investments in insurance-linked securities (ILS), funds...
DATE: Sep 17, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Reinsurance guru Brian Duperreault signalled a growth spurt for his new Hamilton Group.
Mr Duperreault said the firm — set up late last year — could launch a takeover bid to grow the business.
Speaking at the Reinsurance Rendezvous in Monte Carlo, he...
DATE: Sep 17, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Falls in the share price of Butterfield Bank, Argus Group Holdings Ltd and Ascendant Group Ltd weighed on The Royal Gazette/BSX Index today.
Butterfield slid by one cent, or 0.5 percent, to $1.99 as 96,912 shares traded.
Insurer Argus suffered the bi...
DATE: Sep 17, 2014
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CATEGORY:
Bermuda Stock Exchange
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By Raymond Hainey
A fresh crackdown on tax avoidance by global firms has been launched by an international watchdog.
And an end to a loophole where internet giants Google can channel billions of dollars of profits earned elsewhere to Bermuda has been...
DATE: Sep 17, 2014
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CATEGORY:
International Business
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Bermudian Charles Jeffers II has been named chief operating officer of Destination Marketing Association International (DMAI) in Washington, DC.
Mr Jeffers, a former law researcher for the Supreme Court of Bermuda, currently serves as senior vice-pre...
DATE: Sep 17, 2014
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CATEGORY:
Other
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Although just months old, cyber business Jobber.bm has entered a new stage of maturity, and is now being used as a tool for small businesses to find employees.
From its start as a website seeking bids for casual, short-term tasks such as event staffi...
DATE: Sep 16, 2014
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CATEGORY:
Local Business
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AUTHOR:
Rebecca Zuill
A global reinsurance broker with offices in Bermuda is targeting expansion in the US.
JLT Towers Re — soon to change its name to JLT Re — said it would increase its presence in America through recruitment and buy-ups of other companies.
And CEO Mike ...
DATE: Sep 16, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
