75937 results returned for search: "" category "Business"
The Ministry of Finance has categorically denied having been contacted by authorities in Spain regarding a money laundering investigation of one of their country’s former top politicians.
The Ministry moved to set the record straight over the weekend...
DATE: Feb 11, 2013
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CATEGORY:
Other
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Argus fell 15 cents (3.89 percent) on the Bermuda Stock Exchange (BSX) last week trading 100 shares to close at $3.70.
KeyTech also fell 19 cents (3.16 percent), closing at $5.81 and Ascendant Group fell 25 cents (2.12 percent) to close at $11.50.
Me...
DATE: Feb 11, 2013
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CATEGORY:
Bermuda Stock Exchange
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Bermuda National, parent company of Bermuda Commercial Bank, has announced a bonus warrants issue, which it says will provide it with “a flexible funding structure”.
The financial services investment holding company said Friday that it proposes to ma...
DATE: Feb 11, 2013
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CATEGORY:
Local Business
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Bermuda-based insurer Catlin said profit fell short of analysts' forecasts because of a bigger than expected claims bill from Superstorm Sandy and the Costa Concordia shipwreck.
Catlin, operator of the biggest syndicate at Lloyd's of London, made a p...
DATE: Feb 11, 2013
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CATEGORY:
Reinsurance
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Property and casualty underwriter Ace Group has started underwriting energy risks through its Lloyd’s of London Syndicate 2488.
The company says the initiative is part of an effort to expand its global portfolio and represents is commitment to boost...
DATE: Feb 11, 2013
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CATEGORY:
Reinsurance
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Bermuda re/insurer Arch Capital Group is buying bankrupt insurer PMI’s assets in $300 million deal to enter the US mortgage guaranty business as the housing market rebounds.
Arch said in a statement Friday it was acquiring CMG Mortgage Insurance from...
DATE: Feb 11, 2013
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CATEGORY:
Reinsurance
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The new Regulatory Authority (RA) for Telecoms will have what it considers a “thorny” issue to deal with as it rolls out long-awaited reform of the sector this year.
Reform is intended to open up the sector and allow providers to finally hold Integra...
DATE: Feb 11, 2013
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CATEGORY:
Local Business
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Shares of Bank of Butterfield traded yesterday on the Bermuda Stock Exchange but ended the day unchanged.
No other stocks traded. Overall, the BSX ended the day unchanged to close at 1,093.19.
DATE: Feb 09, 2013
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CATEGORY:
Bermuda Stock Exchange
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The Island’s telecoms providers will face a new fee structure under regulatory reform of the $210 million-revenue industry.
Some providers, including Digicel and CellOne, will pay more in fees, while others like TBi and Link Bermuda, will pay less.
B...
DATE: Feb 08, 2013
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CATEGORY:
Local Business
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XL Group swung to a fourth-quarter profit on higher premiums earned, in part due to Hurricane Sandy, and lower expenses.
The company posted a profit of $81.4 million, or 27 cents a share, compared with a loss of $515.5 million, or $1.62 share, a year...
DATE: Feb 08, 2013
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CATEGORY:
Reinsurance
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