75931 results returned for search: "" category "Business"
Bermuda First Investment Company made a profit of $299,922 last year before unrealised loss on investments were taken into account.
The company holds significant investments in three Bermuda Stock Exchange (BSX) listed local companies, as well as sma...
DATE: Mar 15, 2013
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CATEGORY:
Local Business
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AUTHOR:
Scott Neil
Tower Group, Inc. announce the closing of its merger with Canopius Holdings Bermuda Limited at the close of trading on the NASDAQ yesterday.
The company said that upon closing, Tower will become an indirect wholly-owned subsidiary of Canopius Bermud...
DATE: Mar 15, 2013
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CATEGORY:
International Business
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Bank of Butterfield shares traded on the Bermuda Stock Exchange yesterday but ended the day unchanged at $1.34. 127,169 shares changed hands.
Share of KeyTech also traded but closed unchanged at $5.80 a share. 15,171 shared traded.
Overall, the BSX ...
DATE: Mar 15, 2013
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CATEGORY:
Bermuda Stock Exchange
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A sense of optimism is creeping into the local property market with some realtors reporting sales have picked up this year.
But it’s a buyer’s market as house-hunters look for fairly priced properties in good condition, realtors said.
Family homes u...
DATE: Mar 15, 2013
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CATEGORY:
Local Business
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Canopius Group Ltd. posted a pretax profit of £49 million ($73.9 million) for 2012, compared with a loss of £61 million ($95.6 million) for 2011, the company announced yesterday.
The privately held Guernsey-based insurer and reinsurer, whose Bermuda ...
DATE: Mar 15, 2013
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CATEGORY:
International Business
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The board of Bermuda-based, American Safety Insurance Holdings, has indicated that the company is exploring “strategic alternatives, including a potential sale of the company”.
The insurer has turned to Bank of America Merrill Lynch to advise on its ...
DATE: Mar 15, 2013
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CATEGORY:
International Business
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Bermuda-based Montpelier Re Holdings Ltd. has announced it will issue a quarterly dividend on both its common and preferred shares.
The company declared a dividend of $0.115 per common share and a quarterly dividend of $0.554688 per 8.875 percent non...
DATE: Mar 15, 2013
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CATEGORY:
International Business
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State-backed insurer of last resort Florida Citizens is looking to bring another catastrophe bond issuance to market via Everglades Re.
According to insurance website Artemis, the transaction has an initial size of $250 million which would cover Flor...
DATE: Mar 14, 2013
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CATEGORY:
Reinsurance
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Oil Insurance Limited (OIL), which has offices in Bermuda, announced yesterday the launch of the OTA (Oil Technical Accreditation), OIL’s innovative online technical accreditation course for members and global energy brokers.
The OTA is OIL’s first e...
DATE: Mar 14, 2013
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CATEGORY:
International Business
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Bermuda has once again come under the spotlight in the debate about multinational corporations and tax avoidance.
During a debate this week in the UK’s House of Commons, a UK MP said Britain “is responsible for some of the biggest tax havens in the ...
DATE: Mar 14, 2013
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CATEGORY:
International Business
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