77143 results returned for search: "" category "Business"
Standard & Poor’s credit rating analysis of Turks and Caicos Islands (TCI), a British Overseas Territory, was released yesterday and highlighted a prosperous economy and net general government asset position for the Caribbean country.
The ratings age...
DATE: Aug 08, 2014
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CATEGORY:
Other
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AUTHOR:
Rebecca Zuill
Tower Group of Companies shareholders have overwhelmingly backed a deal that would see fellow Bermuda-based company ACP Re take over the struggling insurer.
The takeover has been approved by 98.5 percent of voting shareholders, the company announced ...
DATE: Aug 08, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Rebecca Zuill
Bermuda-domiciled energy shipper Teekay LNG Partners has finalised agreements with a Chinese partner to provide six icebreaker liquefied natural gas (LNG) tankers for transporting gas from northern Siberia.
The company last night declared its second-...
DATE: Aug 08, 2014
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda-domiciled aircraft leasing company Intrepid Aviation Ltd is planning an initial public offering of its shares.
Intrepid said in a press release yesterday that it has confidentially submitted a draft registration statement to US regulator the ...
DATE: Aug 07, 2014
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CATEGORY:
International Business
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The Royal Gazette/Bermuda Stock Exchange closed up 2.47 yesterday.
Trading was light with 500 shares changing hands at a value of $2,250.00.
KeyTech was the only stock to trade, and it was up 0.20 at 4.50 at the close.
DATE: Aug 07, 2014
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CATEGORY:
Bermuda Stock Exchange
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Bermuda reinsurer RenaissanceRe plans to spend another half a billion dollars buying back its own shares.
The company said last night that its board of directors had approved an increase in the company’s share repurchase programme, bringing the total...
DATE: Aug 07, 2014
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CATEGORY:
Reinsurance
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Bermuda insurer and reinsurer Maiden Holdings Ltd last night reported net income of $25.8 million for the second quarter — up more than 27 percent from the same period last year — and record operating earnings.
Maiden’s chief executive officer Art Ra...
DATE: Aug 07, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Telecommunications industry regulator the Regulatory Authority (RA) is inviting comment on the repercussions of the acquisition of the Bermuda Telephone Company by Barrie OpCo Ltd.
At the same time, it is inviting comment on KeyTech Ltd acquiring co...
DATE: Aug 07, 2014
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CATEGORY:
Other
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Many borrowers continue to struggle to make loan repayments, according to the latest figures on the banking sector published by financial regulator the Bermuda Monetary Authority (BMA).
Non-performing loans (NPLs) — defined as loans in which borrower...
DATE: Aug 06, 2014
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
DATE: Aug 06, 2014
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CATEGORY:
Reinsurance
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