77143 results returned for search: "" category "Business"
Incorporation documents for Barrie OpCo Ltd, the company that is set to buy The Bermuda Telephone Company Limited (BTC) from KeyTech Group of Companies, posed new questions about the buyer and the purchase agreement.
While a KeyTech press release des...
DATE: Jul 30, 2014
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CATEGORY:
Local Business
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AUTHOR:
Rebecca Zuill
The Bank of NT Butterfield & Son Ltd has declared net income for the second quarter ended 30 June of $27.5 million, down from $32.9 million in the same quarter a year ago.
The six-month net income was $50.7 million, up from $46.2 million for last ye...
DATE: Jul 30, 2014
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CATEGORY:
Local Business
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AUTHOR:
David Fox, Business Editor
In the US, a specific month has for some time been named as Life Insurance Awareness Month. If I had my way, we would do the same thing in Bermuda. It is that important.
Because of its implications, people seem averse to talking about life insurance ...
DATE: Jul 30, 2014
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CATEGORY:
Other
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As reported in last month’s column, the Internal Revenue Service announced changes to the Offshore Voluntary Disclosure programme effective July 1, 2014. What has been overlooked by individuals who have failed to report foreign financial assets is an...
DATE: Jul 30, 2014
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CATEGORY:
Other
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A new summer camp is aiming to create the entrepreneurs of tomorrow by teaching young Bermudians the much-vaunted skill of ‘coding’.
Touted across the globe as “the new cursive”, coding — the process of telling a computer in its own language what to ...
DATE: Jul 30, 2014
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CATEGORY:
Other
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RenaissanceRe Holdings Ltd continued strong underwriting profitability during the second quarter of 2014 — but with a notable drop in gross premiums written and underwriting income.
The Bermuda reinsurer last night reported underwriting income of $99...
DATE: Jul 30, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
David Fox, Business Editor
Bermuda-based Oil Insurance Ltd (OIL) has decided to increase its per occurrence limit from $300 million to $400 million and the event aggregation limit from $900 million to $1.2 billion, effective January 1, 2015.
Furthermore, OIL — which is a mut...
DATE: Jul 30, 2014
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CATEGORY:
Reinsurance
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The result of Cup Match is still to be decided — but Somerset Cricket Club are determined they will not be on the losing side if the East-West clash is cancelled due to bad weather.
For Somerset CC — for the first time in the game’s 112-year history ...
DATE: Jul 30, 2014
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda-based re/insurer Axis Capital Holdings Ltd surpassed Wall Street’s expectations in posting second-quarter net income of $191 million.
Profit broke down to $1.79 per share, compared with $72 million, or 62 cents per share in the second quarter...
DATE: Jul 30, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
White Mountains Insurance Group, Ltd yesterday reported net income attributable to common shareholders of $96 million for the second quarter and $191 million for the first half of the year.
The results compared favourably to $26 million and $147 mill...
DATE: Jul 30, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
David Fox, Business Editor
