77143 results returned for search: "" category "Business"
Insurers look set to pay 300-500 million pounds ($480 to $800 million) to cover UK claims related to damage caused by the St Jude’s Day windstorm, broker Willis Re estimated.
The figure falls short of having a material impact on profits for the insur...
DATE: Oct 31, 2013
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Other
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Butterfield Bank shares rose 3 cents, or 2.12 percent, to $1.44 as 50,000 changed hands.
The shares’ 52-week high is $1.50.
Overall the BSX ended the day up 14.16 or 1.22 percent at 1,171.54.
DATE: Oct 31, 2013
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CATEGORY:
Bermuda Stock Exchange
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Commercial users of solar power already export electricity to power firm Belco, but they don’t get paid for it, an industry expert said yesterday.
Tim Madeiros — boss of Alternative Energy Systems (AES) — said he had been working for four years to th...
DATE: Oct 31, 2013
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Reinsurance giants XL yesterday posted a net income of $135.6 million for the third quarter of the year, figures from the company revealed.
But the firm also recorded natural catastrophe pre-tax losses net of reinsurance and reinstatement premiums of...
DATE: Oct 31, 2013
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda is well-placed to benefit from increased life expectancy rates that have some employers seeking to restructure the pension entitlements of their employee members.
Life expectancy rates of an average 65-year-old have increased 50 percent in ju...
DATE: Oct 31, 2013
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Other
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Digicel has helped restore full communication to tycoon Richard Branson’s private island in the Caribbean.
Necker Island is now powered by Digicel Business in a deal that comes a result of the 2011 fire on the luxury retreat frequented by the wealthy...
DATE: Oct 31, 2013
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Other
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Grotto Bay Beach Resort has notched up a top international award from a travel company in competition with more than 500 other hotels.
The hotel, at Bailey’s Bay in the east end, has won the 2013 Golden Apple Award from US travel giants Apple Vacatio...
DATE: Oct 31, 2013
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda can cash in on its existing experience in high finance to attract investment from the oil-rich Islamic world, Premier Craig Cannonier said at a conference in London.
Mr Cannonier said: “We are at the World Islamic Economic Forum to continue t...
DATE: Oct 30, 2013
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Despite the challenging economy, Bermuda health and fitness company LifeThyme is expanding.
The company is opening a new holistic wellness Centre on Reid Street.
Located above the iClick store, you can check out the LifeThyme Wellness Centre at their...
DATE: Oct 30, 2013
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CATEGORY:
Other
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Former AIG boss Maurice (Hank) Greenberg is setting up a new Philippines operation under his Starr Companies.
Starr, parent of Bermuda-based Starr Insurance and Reinsurance, is building a non-life insurance platform in the Philippines that will focus...
DATE: Oct 30, 2013
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CATEGORY:
Other
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