76353 results returned for search: "" category "Business"
Fitch Ratings has downgraded Bermuda to 'AA-' with a negative outlook, stating the Island’s prospects for 2013 and beyond are weak.
The agency said the downgrade of Bermuda's sovereign ratings “reflects four years of economic contraction, sustained h...
DATE: Jun 07, 2013
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CATEGORY:
Local Business
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No longer just a mobile phone company, Digicel Bermuda has grown from 45 to 85 employees, and is taking over another floor of its Global House headquarters for a new Business Solutions department.
And now with long-awaited reform of the telecoms indu...
DATE: Jun 07, 2013
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CATEGORY:
Local Business
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Bermuda re/insurers are expected ultimately to pay 62 percent of the claims of the UK’s largest peacetime fire and explosion the Buncefield oil terminal fires of 2005.
This from Finance Minister Bob Richards in support of Bermuda’s financial sector ...
DATE: Jun 07, 2013
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CATEGORY:
Local Business
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Bermuda won’t be getting a Park Hyatt any time soon, but the hotel company broke ground on a resort in St Kitts this week, that’s being financed through the Government’s St Kitts and Nevis’ Citizenship by Investment Programme.
The five-star luxury ho...
DATE: Jun 07, 2013
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CATEGORY:
International Business
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Stevedoring Services Ltd’s parent company has its first female chairman, Cheryl Hayward-Chew, effective today.
Polaris Holding Company Limited, the parent company of Stevedoring Services Limited as well as Equipment Sales & Rentals, Ltd; and Mill Re...
DATE: Jun 07, 2013
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CATEGORY:
Local Business
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AUTHOR:
Rebecca Zuill
The Bank of N.T. Butterfield & Son Limited has amended its buy-back programme for preference shares, according to a press release from the Bermuda Stock Exchange yesterday.
It stated that at a meeting of a committee of the board of the Bank it was re...
DATE: Jun 07, 2013
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CATEGORY:
Other
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AUTHOR:
Rebecca Zuill
XL chief executive officer Michael McGavick will lead The Geneva Association into its fifth decade as its new chairman.
He was elected to the position at the annual general meeting of the insurer-funded think tank in London this morning.
The organis...
DATE: Jun 07, 2013
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CATEGORY:
Other
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AUTHOR:
Rebecca Zuill
Capital G Bank Ltd has hired senior banker Bob Wilson from competitor Butterfield as their chief banking officer.
The new executive will be overseeing a consolidation of Capital G business functions, including retail and commercial banking, wealth m...
DATE: Jun 07, 2013
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CATEGORY:
Local Business
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AUTHOR:
Rebecca Zuill
Some 2,293 Butterfield shares traded on the Bermuda Stock Exchange yesterday, the bank’s stock closing unchanged at $1.40.
Ascendant Group saw 200 of its shares trade, closing unchanged as well at $11.70
The BSX ended the day unchanged at 1,156.54.
DATE: Jun 07, 2013
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CATEGORY:
Bermuda Stock Exchange
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Ratings agency AM Best has revised its outlook for Argus Group from negative to stable.
“We are pleased that AM Best has recognised the success of our two main operating units and holding company by revising the outlook to stable,” said Alison Hill, ...
DATE: Jun 07, 2013
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CATEGORY:
Local Business
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