75946 results returned for search: "" category "Business"
Ascendant Group Ltd confirmed yesterday that it has been granted exemption from 60-40 ownership rule, opening the way for more foreign investment in the company.
In an announcement through the Bermuda Stock Exchange, the parent company of electricity...
DATE: Nov 02, 2012
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CATEGORY:
Local Business
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Internet provider Transact’s New York data centre was among the millions who suffered power outages due to Hurricane Sandy.
A spokesman for Transact said as a result of the power failure the company was now moving equipment to a new facility in New Y...
DATE: Nov 02, 2012
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CATEGORY:
Local Business
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A new fund that give investors exposure to a range of Bermuda companies is due to start trading on the Bermuda Stock Exchange today.
Bermuda First Investment Company Ltd (BFIC) is a fund with significant investments in companies including KeyTech, As...
DATE: Nov 02, 2012
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CATEGORY:
Local Business
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Bermuda mortgage-holders have proven more resilient in the face of economic downturn than borrowers in many recession-ravaged countries.
That is the view of Butterfield Bank chairman and CEO Brendan McDonagh, who told The Royal Gazette that unique lo...
DATE: Nov 02, 2012
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CATEGORY:
Local Business
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Endurance Specialty Holdings Ltd has launched a new global trade credit and surety reinsurance business unit.
The Bermuda-based re/insurer announced yesterday the new team will be based in Zurich and will focus on the European, Asian Pacific and Lat...
DATE: Nov 02, 2012
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CATEGORY:
Reinsurance
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Bermuda re/insurer Arch Capital Group yesterday reported third-quarter profit of $184.2 million, or $1.33 per share, compared to $162.3 million, or $1.18 per share last year.
Gross premiums written by the insurance segment in the 2012 third quarter w...
DATE: Nov 02, 2012
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CATEGORY:
Reinsurance
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As the US East Coast struggles to recover after the devastation brought by Hurricane Sandy, the damage estimates are going up.
Hurricane Sandy may cost the insurance industry as much as $20 billion according to new damage estimates by disaster model...
DATE: Nov 02, 2012
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CATEGORY:
Reinsurance
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Bermuda Aviation Services fell 15 cents (4.28 percent) on the Bermuda Stock Exchange yesterday, trading 19,000 shares to close at $3.35.
Butterfield Bank also dropped one cent (.80 percent), trading 280,411 shares to close at $1.23.
BF&M and KeyTech...
DATE: Nov 02, 2012
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CATEGORY:
Bermuda Stock Exchange
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Bacardi took top honours at the awards ceremony last evening for The Bottom Line’s 2012 Top 10 Employers in Bermuda survey.
The spirits company was joined on this year’s list by FedEx Express, Bermuda Realty, Fairmont Hamilton Princess, BAS-Serco, Ai...
DATE: Nov 02, 2012
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CATEGORY:
Local Business
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American International Group yesterday reported a third-quarter profit of $1.86 billion as gains in the value of its AIA Group Ltd. stake fuelled investment results.
That compared to a net loss of $4 billion in the third quarter of 2011. Earnings per...
DATE: Nov 02, 2012
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CATEGORY:
Reinsurance
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