77143 results returned for search: "" category "Business"
A strong Bermuda presence at a major conference for the insurance industry is vital for the Island, Finance Minister Bob Richards said last night.
Mr Richards — speaking en route to the annual Risk and Insurance Management Society (RIMS) conference i...
DATE: Apr 28, 2014
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
The Royal Gazette/Bermuda Stock Exchange Index finished the week’s trading at 1,447.62, up 2.43.
The share volume for the week was 121,3141, a value of $346.784.99.
The Bank of NT Butterfield saw the heaviest trading, with 107,318 shares moving, but ...
DATE: Apr 28, 2014
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CATEGORY:
Other
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The Palm Beach Post is reporting that state-run insurer Citizens’ board chairman has been twice to Bermuda and once to London as approval was given for the purchase of private reinsurance costing up to $300 million in 2014.
Chairman Chris Gardner sho...
DATE: Apr 28, 2014
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CATEGORY:
Other
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AUTHOR:
Rebecca Zuill
Gasoline prices rose in April, up 1.6 cents a litre, the Finance Ministry has announced.
As a result, the maximum gasoline retail price displayed on the pumps is 213.90 cents a litre, or $2.13.90.
Diesel declined 0.2 cents a litre. Its maximum price...
DATE: Apr 28, 2014
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CATEGORY:
Other
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The Bermuda Monetary Authority (BMA) has reported that 12 new insurance companies have registered in Bermuda.
Craig Swan, managing director, supervision at the BMA said: “Bermuda remains attractive due to our unique ability to service the full spectr...
DATE: Apr 28, 2014
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CATEGORY:
Other
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AUTHOR:
Rebecca Zuill
A founding member of Hamilton Re’s management team, Kathleen Reardon, has been promoted to the position of chief executive officer of Hamilton Insurance Group’s Bermuda-based Class 4 property casualty reinsurer.
Chief executive officer of the $800 mi...
DATE: Apr 28, 2014
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CATEGORY:
Other
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Butterfield Bank today reported first-quarter net income of $23.2 million — up more than 74 percent from the same period last year.
Increasing business volumes and further cost cutting helped the bank to achieve the improvement from last year’s first...
DATE: Apr 28, 2014
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CATEGORY:
Local Business
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AUTHOR:
Jonathan Kent
LOM (Holdings) Ltd swung to a profit of $180,284 in 2013, as revenue rose more than eight percent.
CEO Scott Lines said in a letter to shareholders, published by the Bermuda Stock Exchange this morning, that the profit — which compared to a loss of $...
DATE: Apr 28, 2014
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CATEGORY:
Local Business
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AUTHOR:
Jonathan Kent
Today’s technology has “the potential to quietly siphon jobs out of Bermuda” and is one the principal reasons the island’s economy continues to struggle, says Scott Lines, president and chief executive officer of LOM Group.
He made the comments whil...
DATE: Apr 28, 2014
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CATEGORY:
Other
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AUTHOR:
Rebecca Zuill
The Bermuda Stock Exchange saw no activity in trading yesterday.
As a result, the BSX closed unchanged at 1,447.62.
DATE: Apr 26, 2014
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CATEGORY:
Other
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