76384 results returned for search: "" category "Business"
Lower than expected catastrophe losses helped boost share value for Bermuda-based Platinum last year, the firm reported yesterday.
The firm had a net income of $223.3 million and diluted earnings per common share of $7.35 for 2013.
Platinum CEO Micha...
DATE: Feb 05, 2014
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
A Bermuda-based financial services firm spent almost $578,000 buying back its own shares in January.
Somers Ltd, formerly known as Bermuda National Ltd and which owns the Bermuda Commercial Bank, forked out the cash to acquire 48,000 of its shares at...
DATE: Feb 04, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
The Bermuda Stock Exchange saw 64,000 Bank of NT Butterfield shares move at 1.65, and 8,000 shares of Somers Limited change hands at 12.00, both unchanged.
KeyTech Ltd also saw movement with 200 shares changing hands at 5.45, down 0.05.
The BSX close...
DATE: Feb 04, 2014
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CATEGORY:
Other
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The Huffington Post is reporting that three Bermuda subsidiaries of Microsoft Corp are involved in a tax inquiry launched by “another country”, according to documents made public by the Bermuda Supreme Court.
But it adds that once the inquiry was fir...
DATE: Feb 04, 2014
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CATEGORY:
International Business
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A Bermuda-based asset manager says his investment company will “vigorously defend itself” after being accused in a complaint by US regulators that it made more than $1.3 million in allegedly illegal short-selling share trading.
Christopher Kuchanny a...
DATE: Feb 04, 2014
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
The Bermuda Stock Exchange ended the week up 3.3 percent or 41.62 points.
The biggest mover over the week was Bank of Butterfield, with 129,611 shares moving, closing at $1.65, 5.8 percent up on the previous week.
Shares in Somers Limited also traded...
DATE: Feb 03, 2014
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CATEGORY:
Bermuda Stock Exchange
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Bermuda-based insurance and reinsurance giant Validus Holdings has posted record figures for 2013, the company has revealed.
Validus announced a net operating income of nearly $579 million — a massive 73.3 percent increase on 2012’s $333.8 million.
A...
DATE: Feb 03, 2014
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
A Bermuda hotel has been named at the top destination in the Caribbean.
The Royal Palms Hotel in Pembroke won the coveted title from the world’s biggest travel site, TripAdvisor, in the 2014 Travellers’ Choice Awards.
Hotel manager Theresa Harney-Zui...
DATE: Feb 03, 2014
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Veteran lawyer David Kessaram has stepped down from the top job at legal firm Cox, Hallett, Wilkinson (CHW).
Now Ernest Morrison has taken over the role of managing director at the firm, with Mr Kessaram continuing to head up the firm’s litigation de...
DATE: Feb 03, 2014
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Readers have voted. The verdict is in. They want the Financial Review Series to run consecutively each week until done.
Thank you all for your feedback, it is so greatly appreciated.
Now, if you should become totally bored with these topic, please le...
DATE: Feb 01, 2014
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CATEGORY:
Personal Finance
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