76384 results returned for search: "" category "Business"
Nearly three-quarters of reinsurance and insurance chiefs are worried about the prospects of a slump in business in traditional markets, research from financial services firm PwC has revealed.
The PwC survey found that almost half of those surveyed s...
DATE: Feb 07, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Butterfield Bank has been chosen as best private bank in Bermuda by a European magazine for the second year in a row.
Butterfield won the award from Euromoney magazine after a vote by private banking professionals from around the world.
Butterfield h...
DATE: Feb 07, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
The Bermuda Stock Exchange declined 9.44, closing at 1,294.01.
Some 107,663 shares moved, valued at $240,889.30.
The banking sector saw movement with Bank of NT Butterfield Preference Shares closing down $11.90, when five traded at 1188.00. Bank of N...
DATE: Feb 07, 2014
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CATEGORY:
Bermuda Stock Exchange
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A young Bermudian entrepreneur has launched a new service designed to make the Island more attractive to visitors.
And Chris’t’ian Swan will today hold a special event at Washington Mall to promote his guest services and support business to vacation-...
DATE: Feb 07, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda-based Endurance Specialty Holdings Ltd annual earnings more than doubled to $279.2 million as the company benefited from lower catastrophe claims.
The company, which has undergone a major management shake-up since John Charman took over as CE...
DATE: Feb 07, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
A new reinsurance firm lost $700,000 in its first months of operations, its figures to the end of 2013 revealed yesterday.
Blue Capital Re’s shares at the start of this year stood at $19.80 — a drop of 20 cents on its price at its initial public offe...
DATE: Feb 07, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Reinsurer Montpelier Re yesterday reported profit of $210.9 million for 2013.
And the firm recorded year-end total capital of more than $2 billion and total shareholders’ equity in excess of $1.6 billion.
President and CEO Christopher Harris said: “T...
DATE: Feb 07, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
The Royal Gazette / Bermuda Stock Exchange Index plunged nearly three percent, as Butterfield Bank shares dipped by eight cents.
Butterfield plunged 4.6 percent to $1.65, as 2.400 shares traded.
Telecommunications firm KeyTech Ltd also fell by four c...
DATE: Feb 07, 2014
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CATEGORY:
Bermuda Stock Exchange
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The Bermuda Stock Exchange finished the day’s trading at 1,303.46, up 4.72. Some 58,032 shares moved at a value of $198,776.50.
Bank of NT Butterfield Ltd was the biggest trader of the day with 47,300 shares moving at 1.75, closing up 0.01. Somers L...
DATE: Feb 06, 2014
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CATEGORY:
Bermuda Stock Exchange
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Bosses at Everest Re are on top of the world after posting record earnings of $1.3 billion for last year.
The firm notched also notched up a 20 percent return on equity and a 12 percent increase in the book value of its shares for the year.
Everest R...
DATE: Feb 06, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
