77143 results returned for search: "" category "Business"
PwC is cutting its workforce in Bermuda and has announced the departure of two partners amid the Island’s continuing economic downturn.
A spokesman for the Big Four audit firm said they anticipate a reduction in total workforce in Bermuda of “near te...
DATE: Jul 10, 2013
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CATEGORY:
Local Business
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Bermuda’s Enstar Group, which assumes risks from insurers seeking to exit businesses, agreed to buy Torus Insurance Holdings Ltd for $692 million to expand into direct sales of coverage.
Enstar will pay $415 million and Stone Point Capital LLC, led ...
DATE: Jul 10, 2013
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CATEGORY:
Local Business
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Exxon Mobil and its affiliates have signed an agreement with Barbados-based SOL (Simpson Oil Ltd) for the sale of Esso Bermuda’s downstream (retail) business.
Esso Bermuda country manager Mark Fields said the deal was a share sale and the general pub...
DATE: Jul 10, 2013
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CATEGORY:
Local Business
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A large tranche of Bank of NT Butterfield Ltd stock moved on the Bermuda Stock Exchange (BSX) yesterday.
A total of 102,966 shares changed hands at 1.40, three cents up on the previous day’s trade. The Bank’s preference shares also saw movement with ...
DATE: Jul 10, 2013
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CATEGORY:
Bermuda Stock Exchange
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The Bermuda Foundation for Insurance Studies (BFIS) is co-hosting a data breach and cybercrime presentation along with Drinker Biddle & Reath LLP.
In a press release announcing the event, BFIS said: “Data breaches and cybercrimes ... continue to gro...
DATE: Jul 10, 2013
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CATEGORY:
Other
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AUTHOR:
Rebecca Zuill
Three major cleaning firms on the Island have joined forces to create one company employing more than 100 full- and part-time staff.
Bermuda Cleaning Ltd announced it’s merging with Bermuda Janitorial Supplies Ltd, leading providers of residential an...
DATE: Jul 10, 2013
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CATEGORY:
Local Business
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Bermuda’s Enstar Group, which assumes risks from insurers seeking to exit businesses, agreed to buy Torus Insurance Holdings Ltd. for $692 million to expand into direct sales of coverage.
Enstar will pay $415 million and Stone Point Capital LLC, le...
DATE: Jul 09, 2013
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CATEGORY:
Local Business
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HSBC Holdings has named Simon Cooper as the new head of its commercial banking arm.
Mr Cooper, 45, has been CEO of HSBC Middle East and North Africa for the past four years and will replace Alan Keir, who will become chief executive of HSBC Bank Plc,...
DATE: Jul 09, 2013
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CATEGORY:
Local Business
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Sizzle. We are most definitely into that time of the year when the temperatures sizzle and we all seek shade and cooler places to do our work and play. This got me to thinking about what do each of us do to make our lives and our businesses sizzle? W...
DATE: Jul 09, 2013
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CATEGORY:
Other
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The off-and-on issue of the impact of air passenger tax on the cost of airline tickets has come to a head in the Caribbean.
According to Saturday’s online version of Caribbean Journal, Grenada Prime Minister Dr Keith Mitchell is calling for a ‘broade...
DATE: Jul 09, 2013
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CATEGORY:
Other
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