76374 results returned for search: "" category "Business"
The Lloyd’s of London insurance market saw its pre-tax first-half profit decline as falling bond prices hit investment returns, offsetting robust trading by its members.
In a trading statement today, Lloyd’s said that investment returns fell to 247 m...
DATE: Sep 27, 2013
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CATEGORY:
International Business
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Validus Holdings is setting up a Swiss underwriting company, transforming the existing operations of Flagstone Reassurance Suisse.
The company will be renamed pending regulatory approval and will enhance Validus Re’s global underwriting platform incl...
DATE: Sep 27, 2013
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CATEGORY:
International Business
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A clutch of Louis Vuitton handbags will soon be a financial lifesaver for cash-strapped fashionistas.
For gold-buying firm Gold Standard is to expand its business — offering short term loans against designer gear, high-end watches and iPads.
Gold Sta...
DATE: Sep 27, 2013
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CATEGORY:
Other
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Members of a prestigious US society are on the Island to plan their first ever meeting outside of America.
The General Society of Colonial Wars wants to hold their meeting in Bermuda in 2015, which would bring hundreds of visitors to the Island, givi...
DATE: Sep 27, 2013
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CATEGORY:
Other
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A.M. Best Co. reported that it has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and the issuer credit rating to ‘a’ from ‘a-’ of Flagstone Reassurance Suisse S.A.
The outlook for both ratings is stable.
Best said: “The ...
DATE: Sep 27, 2013
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CATEGORY:
International Business
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Big business has backed a proposed law change to make it easier for employers from overseas to stay in Bermuda and gain residency.
Association of Bermuda International Companies (ABIC) chairman George Hutchings spoke out as the House of Assembly prep...
DATE: Sep 27, 2013
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CATEGORY:
Other
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The Bermuda Stock Exchange closed the day unchanged at 1,183.46.
Bank of NT Butterfield Ltd saw 14,900 shares move at 1.39, reflecting no change it its price.
Some 2000 shares of BF&M changed hands at 19.70, also unchanged. And 22 shares of Keytech ...
DATE: Sep 27, 2013
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CATEGORY:
Local Business
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The consumer price index (CPI) released by the Department of Statistics shows that consumers paid 1.3 percent more in August than they did a year ago for the basket of goods and services included in the Consumer Price Index (CPI).
The rate of inflati...
DATE: Sep 27, 2013
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CATEGORY:
Other
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A Bermuda investment company “is complying fully” with a seizure order for $2.8 million filed on Tuesday by the US government.
The action states that the “property subject to forfeiture” are funds on deposit at Old Mutual of Bermuda Limited. It reads...
DATE: Sep 27, 2013
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CATEGORY:
Other
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Bermuda National Limited, a Bermuda exempted financial services investment holding company, has announced it has introduced a share repurchase programme, according to the Bermuda Stock Exchange. (BSX)
It stated: “The programme will enable BNL to repu...
DATE: Sep 27, 2013
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CATEGORY:
Local Business
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