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It was another busy day of trading for Butterfield Bank on the Bermuda Stock Exchange (BSX) yesterday.
Thirty thousand of the bank’s common shares were traded as the share price remained unchanged at $1.25. Three of Butterfield preferred shares also ...
DATE: Dec 18, 2012
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CATEGORY:
Bermuda Stock Exchange
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Momentum. As we look forward to Christmas and the New Year we will also be looking forward to new challenges and new opportunities.
Whatever you have been doing has built momentum in certain directions and toward certain goals. Now is the time to as...
DATE: Dec 18, 2012
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CATEGORY:
Bermuda Works
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Business Bermuda has been promoting the Island as an Islamic finance hub at a series of recent events in Bahrain and Dubai.
A delegation from Business Bermuda attended the World Islamic Banking Conference, the world’s largest annual gathering of in...
DATE: Dec 18, 2012
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CATEGORY:
International Business
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HONG KONG (Reuters) - American International Group may raise as much as $6.5 billion from the sale of its remaining stake in AIA Group Ltd in Asia’s second-largest block sale ever, exiting a business the US insurer started nearly 100 years ago.
The s...
DATE: Dec 18, 2012
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CATEGORY:
Reinsurance
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LONDON (Reuters) - Proposed curbs on insurers aimed at preventing a repeat of AIG’s 2008 taxpayer bailout could raise the cost of insurance, making more people dependent on the state, a finance sector lobby group said.
“As currently designed, there i...
DATE: Dec 18, 2012
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CATEGORY:
Reinsurance
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GENEVA (Bloomberg) — Zurich Insurance Group AG, Switzerland’s biggest insurer, said claims from Superstorm Sandy are estimated at about $700 million.
That includes $40 million related to Farmers Re in connection with the reinsurance provided to the F...
DATE: Dec 18, 2012
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CATEGORY:
Reinsurance
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Fitch Ratings is maintaining its stable outlook for both the commercial and personal lines sectors of the US property and casualty (P&C) insurance industry.
Insurers have withstood less favourable underwriting and economic conditions in the past seve...
DATE: Dec 17, 2012
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CATEGORY:
Reinsurance
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Credit ratings agency Fitch has taken note of Butterfield Bank’s “overall improving financial profile” in affirming the bank’s ratings.
Fitch affirmed Butterfield’s long-term Issuer Default Rating (IDR) at A-, its short-term IDR at F1 and Viability R...
DATE: Dec 17, 2012
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CATEGORY:
Local Business
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A new company aims to provide lifestyle management services to Bermuda executives and VIPs, including everything from doing their grocery shopping to booking travel, chauffeur services and even hiring a yacht or private jet.
1609 VIP.Exec on Laffan S...
DATE: Dec 17, 2012
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CATEGORY:
Local Business
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Heavy trading in Butterfield Bank common and preference shares and a four percent slide in Ascendant Group Ltd’s stock price were the highlights of a week which ended with the Bermuda Stock Exchange (BSX) almost flat.
The Royal Gazette/ BSX Index end...
DATE: Dec 17, 2012
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CATEGORY:
Bermuda Stock Exchange
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