76335 results returned for search: "" category "Business"
With politicians in Washington still wrangling over possible solutions for averting the so-called “fiscal cliff” in the last few days before year-end, the major credit rating agencies may be loading their guns to take another shot at downgrading Amer...
DATE: Dec 29, 2012
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CATEGORY:
Personal Finance
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Argus group and KeyTech rose more than 5 percent each on the Bermuda Stock Exchange yesterday.
Argus rose 5.8 percent, or 20 cents, to close at $3.60 on a volume of 6,250 shares.
And KeyTech rose 5.8 percent or 34 cents, to close at $6.15 as 2,050 sh...
DATE: Dec 29, 2012
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CATEGORY:
Bermuda Stock Exchange
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Ascendant Group jumped 47 cents (4.08 percent), on the Bermuda Stock Exchange yesterday, trading 600 shares to close at $12.03.
Butterfield Bank and BF&M traded shares, closing at $1.26 and $16, respectively, both with no change in share price.
Overa...
DATE: Dec 28, 2012
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CATEGORY:
Bermuda Stock Exchange
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Bermuda-based MS Frontier Re is set to open an underwriting office in Malaysia starting in the New Year.
The company, which writes reinsurance business for its parent company, Mitsui Sumitomo Insurance Company Limited (MSI), the second-largest non-l...
DATE: Dec 28, 2012
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CATEGORY:
Reinsurance
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The Body Shop’s popular bath and beauty products are back on the Island and now being sold at Brown & Co, which has taken over the brand in Bermuda.
After 25 years, retailer Ellen Brown closed down The Body Shop store in the Washington Mall last Chri...
DATE: Dec 28, 2012
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CATEGORY:
Local Business
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The general election fervour hurt retailers this Christmas, distracting consumers from holiday shopping.
Retailers say that the outlook for month of December is not looking promising as they experienced very slow sales during the week leading up to t...
DATE: Dec 28, 2012
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CATEGORY:
Local Business
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Bermuda has the opportunity to make itself the reinsurance centre for a growing industry worth hundreds of billions of dollars, according to a top New York-based fixed-income asset manager.
Cliff Corso, CEO and chief investment officer of Cutwater As...
DATE: Dec 28, 2012
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CATEGORY:
Reinsurance
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Polaris Holding Company Ltd, the parent company of dock services company Stevedoring Services, has been turned down in its application to seek relief from the 60/40 rule — but it intends to reapply.
In a statement released through the Bermuda Stock E...
DATE: Dec 27, 2012
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CATEGORY:
Local Business
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Butterfield Bank and Ascendant Group Ltd were the only domestic-board companies to trade on the Bermuda Stock Exchange on Christmas Eve.
Butterfield remained unchanged on $1.26, as 42,300 shares changed hands. Ascendant closed unchanged on $11.56 aft...
DATE: Dec 27, 2012
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CATEGORY:
Bermuda Stock Exchange
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American Overseas Group Ltd reported third-quarter 2012 net income of $5.8 million, or $2.20 per diluted share.
This compares to net income available to common shareholders of $26.9 million, or $10.17 per diluted share, for the third quarter of 2011...
DATE: Dec 27, 2012
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CATEGORY:
Reinsurance
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