75942 results returned for search: "" category "Business"
Global insurance broker, Willis has announced it expects its fourth-quarter earnings to be hit by up to $705 million in non-cash impairment charges.
According to an 8-K filing with the Securities and Exchange Commission (SEC), Willis will write down...
DATE: Dec 21, 2012
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CATEGORY:
Reinsurance
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Building efficiency expert Johnson Controls has announced that it has appointed Air Care as its authorised building control specialist (ABCS) for Bermuda.
The Milwaukee-based Johnson Controls provides energy-efficient commercial products and services...
DATE: Dec 21, 2012
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CATEGORY:
Local Business
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Retailer Sail On’s new store, For Now by Sail On, is finding success in its new location in the Washington Mall.
Business is booming, said Penny Watlington of Sail On’s third shop, which is located in the space that once housed All Wrapped Up, a long...
DATE: Dec 21, 2012
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CATEGORY:
Local Business
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Lancashire Holdings estimates the net impact on its fourth-quarter financial results from Sandy is likely to be in a range of between $40 million and $60 million.
According to the Bermuda-based company, the preliminary loss estimate has been derived...
DATE: Dec 21, 2012
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CATEGORY:
Reinsurance
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Bermuda-based Digicel and Marriott broke ground yesterday on their new resort in Haiti that they say will cost $45 million to build and will open in 2015.
The 175-room hotel in Port-au-Prince is a partnership between the hotel company and the telecom...
DATE: Dec 21, 2012
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CATEGORY:
International Business
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Two companies have signed a lease to open a combined ‘pop-up’ store in the new portion of the Washington Mall.
Temporary pop-up shops have become increasingly popular in Bermuda, as well as the UK and US, where retailers can eliminate long-term cost...
DATE: Dec 21, 2012
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CATEGORY:
Local Business
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The embattled construction industry says it’s looking forward to a less protectionist Bermuda under the new OBA Government.
New confidence in Bermuda could bring new investment and development, said Charles K Dunstan, Chamber of Commerce divisional c...
DATE: Dec 20, 2012
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CATEGORY:
Local Business
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Butterfield Bank traded 97,177 shares on the Bermuda Stock Exchange yesterday, closing at $1.27 with no change in share price.
Devonshire Industries and Argus Group both traded shares to close at $5 and $3.40, respectively
Overall, the BSX closed at ...
DATE: Dec 20, 2012
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CATEGORY:
Bermuda Stock Exchange
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New York-based property and casualty insurer Tower Group is adding more than $325 million of new 2013 premium to Lloyd’s of London.
The firm along with its strategic partner, Canopius, is launching a special purpose syndicate (SPS) at Lloyd’s with $...
DATE: Dec 20, 2012
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CATEGORY:
Reinsurance
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Allied World Assurance Company has bought a minority stake in Aeolus Capital Management in an effort to expand its financial services platform.
Allied World will also increase the amount of capital it deploys in the reinsurance and retrocession marke...
DATE: Dec 20, 2012
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CATEGORY:
Reinsurance
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