75930 results returned for search: "" category "Business"
Sister companies Marsh and Guy Carpenter & Company, an insurance and reinsurance broker respectively, have donated $9,750 to Friends of Hospice, the supporting charity for Agape House. The donation is being used to revamp the organisation’s community...
DATE: Nov 26, 2013
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Other
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Bermuda’s international business pumped an estimated $1.47 billion into the island’s economy last year, a survey released today said.
The largest single contribution was salaries, with exempt companies paying staff a total of $433 million last year —...
DATE: Nov 26, 2013
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Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Neptune Group Ltd has announced it will move Bermuda Container Line’s terminal location from New York to Philadelphia to cut costs.
The group stated that the move comes after two years of extensive research, financial modelling and importer, shipper ...
DATE: Nov 26, 2013
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Bermuda’s reinsurers are operating in an increasingly competitive market with margins likely to be squeezed further by a combination of growing competition from third-party capital and decreasing demand for reinsurance.
That is the picture painted by...
DATE: Nov 25, 2013
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Gains in the share prices of Butterfield Bank and Ascendant Group helped The Royal Gazette / Bermuda Stock Exchange Index rise 2.3 percent last week.
The biggest riser was Butterfield which advanced five cents, or 3.6 percent over the five days of tr...
DATE: Nov 25, 2013
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CATEGORY:
Bermuda Stock Exchange
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Barbados’ credit rating has been cut by Standard & Poors Ratings Services (S&P).
Stating that the Caribbean nation has gone back into recession, S&P changed the island’s rating to ‘BB-’ from ‘BB+’, but S&P affirmed the country’s short-term rating at...
DATE: Nov 25, 2013
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CATEGORY:
Other
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Bermuda is leading the world in the issuance of insurance-linked securities (ILS).
A report published by the Bermuda Monetary Authority shows that $3.5 billion of ILS, predominantly catastrophe bonds, were issued by Bermuda-based Special Purpose Insu...
DATE: Nov 25, 2013
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Atrium Underwriting Group Ltd has been acquired by Enstar Group Limited and Stone Point Capital, who announced they have completed the purchase from Arden Holdings Ltd.
Enstar recently announced its expansion into live underwriting with its acquisiti...
DATE: Nov 25, 2013
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CATEGORY:
International Business
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Minister of Finance Bob Richards today visited the Polish Embassy in London to sign a bilateral Tax Information Exchange Agreement (TIEA) with the Republic of Poland.
A Ministry of Finance press release announcing the bilateral agreement quoted Mr Ri...
DATE: Nov 25, 2013
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CATEGORY:
Other
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Minister of Finance Bob Richards today signed the UK FATCA Intergovernmental Model 2 Agreement, ‘IGA Model 2’ with the United Kingdom. Signing on behalf of the UK was the Secretary to the Exchequer, the Hon. David Gauke.
A press release announcing th...
DATE: Nov 25, 2013
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CATEGORY:
Other
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