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The Bermuda Stock Exchange edged down 2.17 points (0.19 percent) to end the day at 1,151.26.
Shares of Ascendant Group fell $0.25 in value to close at $11.50 after 4,000 changed hands. The only other shares traded yesterday were Bank of Butterfield. ...
DATE: Apr 26, 2013
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CATEGORY:
Bermuda Stock Exchange
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Global independent insurance manager Kane, a provider of Insurance Linked Securities (ILS) and Life, Pension and Investment (LPI) administration services, has set up a new subsidiary in Bermuda.
Kane LPI Solutions Limited is licensed by the Bermuda M...
DATE: Apr 26, 2013
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CATEGORY:
International Business
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Corporate hospitality is likely to come under increased scrutiny in the event that new anti-bribery legislation is enacted in Bermuda. Sedgwick Chudleigh’s Chen Foley and Alex Potts explain the background and take a closer look at what we might expec...
DATE: Apr 26, 2013
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CATEGORY:
Local Business
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The new Picturesque Gallery officially opened its doors yesterday in a new location in the Walker Arcade, allowing customers to order prints from its library of more than 20,000 Bermuda photographs by Roland Skinner.
The gallery moved from its former...
DATE: Apr 26, 2013
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CATEGORY:
Local Business
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Legal services firm Appleby has promoted three new partners and five Counsel in its annual round of promotions.
One of the lawyers promoted to the partnership is Bermuda-based James Bodi.
Mr Bodi initially joined Appleby in 1999 and rejoined the firm...
DATE: Apr 26, 2013
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CATEGORY:
International Business
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AUTHOR:
Scott Neil
Bermuda will provide United Kingdom authorities with information to help authorities there fight tax evasion and fraud, Bermuda’s Cabinet Office announced this morning,
The battle is a ‘global priority’, according to a press release today from the P...
DATE: Apr 25, 2013
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CATEGORY:
Local Business
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AUTHOR:
Rebecca Zuill
Allied World Assurance Company Holdings has reported a drop in profits in the first quarter of this year with a net income of $159.0 million, but the company still managed to beat analysts’ expectations.
The first quarter results represented a 27 per...
DATE: Apr 25, 2013
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CATEGORY:
International Business
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Aspen Insurance Holdings yesterday posted a profit after tax of $91.8 million, or $1.15 diluted net income per share, for the first quarter of 2013.
The Bermuda re/insurer announced a 5.9 percent increase to its dividend on ordinary shares, payable ...
DATE: Apr 25, 2013
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CATEGORY:
International Business
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Bermuda has bolstered its reputation as the domicile of choice for insurers and reinsurers at this year’s Risk and Insurance Management Society (RIMS) conference in Los Angeles.
That is an outcome from the Island’s participation at the global gatheri...
DATE: Apr 25, 2013
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CATEGORY:
Reinsurance
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AUTHOR:
Scott Neil
Bermuda’s re/insurance community is mourning the loss of a man who for many years had been considered one of the unsung heroes of the industry — laying the groundwork for the Island’s rise as a leading global reinsurance centre.
For more than 30 yea...
DATE: Apr 25, 2013
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CATEGORY:
International Business
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