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The Bermuda Stock Exchange finished the day unchanged, despite 2,000 Ascendant Group Limited shares changing hands.
The utility sector shares moved at an unrevised 11.20, leaving the BSX at its previous close of 1,141.30.
DATE: Aug 27, 2013
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CATEGORY:
Bermuda Stock Exchange
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Bermuda CableVision is planning to launch mobile TV services with US-based Azuki Systems.
Azuki said in a release that Bermuda CableVision has selected the Azuki Media Platform to expand TV services to Android tablets and smartphones, as well as Appl...
DATE: Aug 27, 2013
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CATEGORY:
Local Business
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The Bermuda Stock Exchange closed down 13.16, or 1.15 percent, at 1,141.30.
Butterfield Bank shares fell 2.1 percent, to end the week at $1.37 on a volume of 47,129.
Bermuda National fell 1.2 percent to $12.10 on a volume of 10,600.
Ascendant Group s...
DATE: Aug 26, 2013
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CATEGORY:
Bermuda Stock Exchange
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The flow of third-party capital into the reinsurance market is intensifying competition while demand for cover is declining, AM Best says in a newly released special report on the industry.
“Until the staying power of recent third-party capital is te...
DATE: Aug 26, 2013
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CATEGORY:
International Business
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The impact of the Insurance Linked Securities (ILS) market and other convergence vehicles has had a significant influence on pricing now it may offer more cost effective coverage, according to reinsurance specialists.
Recent reports have seen such en...
DATE: Aug 26, 2013
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CATEGORY:
International Business
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American International Group has agreed to accept $905 million from Brookfield Asset Management to resolve a dispute tied to interest-rate swaps.
Brookfield, Canada’s largest alternative-asset manager, said the payment will terminate the swaps and br...
DATE: Aug 26, 2013
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CATEGORY:
International Business
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by Rebecca Zuill
SHL Capital Ltd (SHL) today announced the launch of Greenseed Alternative Managers Platform Ltd. (Greenseed or the Platform), a Bermuda segregated accounts company designed to provide investment managers with a simple, quick and cost...
DATE: Aug 26, 2013
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CATEGORY:
Local Business
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Deloitte has announced the merger of its Bermuda, British Virgin Islands and US Virgin Islands offices effective today.
The firm said in a statement that “professional staff will continue to have employment opportunities, with few redundancies expect...
DATE: Aug 26, 2013
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CATEGORY:
Local Business
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Dear Dave,
My husband and I would like to buy a home in the next year or so. My credit is in pretty bad shape, so we’ve decided to work on getting his credit in better shape in order to qualify for a mortgage loan. I have $104,000 in debt, and $92,00...
DATE: Aug 24, 2013
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CATEGORY:
Other
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The Regulatory Authority has declared that in order to promote competition, all mobile operators must cooperate to implement mobile number portability by March 3, 2014.
In other words each operator shall be able both to export and to import mobile nu...
DATE: Aug 23, 2013
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CATEGORY:
Local Business
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