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The $50 million Bermuda Government Bond has been given a AA- rating by ratings agency Fitch, it was announced yesterday.
Fitch said the rating was “in line with Bermuda’s long-term local currency issuer default rating (IDR) of AA- with a negative out...
DATE: Dec 19, 2013
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Pop-up shops are popping up throughout Hamilton.
With Christmas being the season of giving, charities and community organisations have also got into the act, following the example of PALS, whose blue and white-decorated tree towering in the foyer of...
DATE: Dec 19, 2013
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CATEGORY:
Local Business
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AUTHOR:
Rebecca Zuill
It is one of the biggest buys ever made by the Japanese insurance firm.
Michael Watson, chairman and CEO of Canopius, said: “We have a long-standing business relationship with the NKSJ Group and are very proud to become the specialist insurance platf...
DATE: Dec 19, 2013
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CATEGORY:
Reinsurance
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The Bermuda Foundation For Insurance Studies (BFIS) received an early Christmas present in the form of a donation of $15,000 from Bermuda-based insurance company Lancashire.
John Ringold, Lancashire’s Bermuda operations manager said: “We are delighte...
DATE: Dec 19, 2013
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CATEGORY:
Reinsurance
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Bermuda Commercial Bank is set to buy and move into the LP Gutteridge Building in Hamilton.
The purchase of the bank’s new 29,000 sq ft home was revealed today in the earnings statement of its parent company Somers Ltd.
It comes after a solid year fo...
DATE: Dec 19, 2013
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
A massive $50 million Government bond has sold out, Minister of Finance Bob Richards said today.
Mr Richards added that more than two-thirds of the bond orders — aimed at raising cash to reduce the Island’s debt — went to smaller investors and 90 per...
DATE: Dec 19, 2013
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Shares valued at just shy of $71,000 traded on the Bermuda Stock Exchange today, but no share prices changed value.
Butterfield Bank was the most actively traded stock, with 6,000 of its common shares changing hands, as the price remained on $1.49, a...
DATE: Dec 19, 2013
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CATEGORY:
Bermuda Stock Exchange
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Bermuda today signed an agreement to report to the US on American citizens’ bank accounts on the Island.
The intergovernmental agreement brings Bermuda in line with the US Foreign Account Compliance Act (FATCA), passed by the US government in a bid t...
DATE: Dec 19, 2013
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda had the greatest percentage of growth in its register of companies in the first half of the year compared to other offshore jurisdictions, a top law firm said yesterday.
The Island saw 538 new firms set up in the first six months of 2013 — wh...
DATE: Dec 18, 2013
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Computer company Bermuda Microsystems Group is launching a new store today.
The store is a dedicated space inside Bermuda Microsystems office on Midsea Lane off Serpentine Road.
The 1,600 square feet of space will display some of the latest notebooks...
DATE: Dec 18, 2013
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CATEGORY:
Local Business
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