76389 results returned for search: "" category "Business"
Butterfield Bank yesterday announced that full-year net income more than tripled to $78.2 million in 2013.
Core earnings, which eliminate items “outside the course of normal business”, were up 39.5 percent to $76.6 million.
In its earnings statement ...
DATE: Feb 26, 2014
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CATEGORY:
Local Business
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AUTHOR:
Jonathan Kent
The extension of the Terrorism Risk Insurance Act of 2002 (TRIA) — set to expire at the end of this year — is at the top of the re/insurance industry’s federal legislation priorities list, according to industry publication Business Insurance.
It stat...
DATE: Feb 26, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Rebecca Zuill
Specialty re/insurer Canopius Group Ltd held a reception to mark a successful partnership with Bermuda in the wake of the company’s takeover by Japanese giant NKSJ Holdings.
The event, which took place at the Masterworks Museum of Bermuda Art, was at...
DATE: Feb 26, 2014
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CATEGORY:
Reinsurance
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Fozeia Rana-Fahy has become a director of MJM Ltd, effective February 24, 2014.
The firm said yesterday that Ms Rana-Fahy has been practising commercial litigation at MJM since 2009. She undertook her legal training and early post qualification pra...
DATE: Feb 26, 2014
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CATEGORY:
Local Business
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Butterfield Bank shares surged 6.3 percent in Bermuda Stock Exchange trading today as investors welcomed the announcement of a special dividend and a huge increase in profit.
The bank rose 11 cents to $1.85 on the trading of 135,866 shares.
The bank ...
DATE: Feb 26, 2014
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CATEGORY:
Bermuda Stock Exchange
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Although several people on the streets of Hamilton said they had not had time to read up on Friday’s Budget, a few did offer their thoughts on what Finance Minister Bob Richards presented to the Island on Friday.
Stratton Hatfield, 28, said that whil...
DATE: Feb 25, 2014
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CATEGORY:
Economy
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Bermuda-based Hiscox Ltd yesterday announced a 12 percent rise in full-year pre-tax profit to £244.5 million ($406.8 million) — the second-best earnings in its history.
The insurer and reinsurer, which employs around 50 people in its Reid Street head...
DATE: Feb 25, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Senior members of the Civil Service will be accountable for the 2014 budget’s constraints, said Minister of Finance Bob Richards, speaking to a large audience at the Fairmont Hamilton Princess at the Chamber of Commerce’s annual post-budget breakfast...
DATE: Feb 25, 2014
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CATEGORY:
Other
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The need for international investment was the main focus at the Chamber of Commerce annual post budget breakfast, along with tourism, education and international business.
Minister of Finance Bob Richards spoke on the topics while providing a large a...
DATE: Feb 25, 2014
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CATEGORY:
Local Business
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AUTHOR:
Rebecca Zuill
Bankers have declined an opportunity to reply to an attack by Finance Minister Bob Richards on their lending and interest policies as a drag on Bermuda’s recovery from recession.
Bermuda Bankers’ Association chief Brendan McDonagh, the chairman and C...
DATE: Feb 25, 2014
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CATEGORY:
Economy
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AUTHOR:
Raymond Hainey, Assistant News Editor
