76335 results returned for search: "" category "Business"
The Bermuda re/insurance market is set to pay out $3 billion in claims relating to Superstorm Sandy - and that payout could yet get much bigger.
Seventeen of the Bermuda market companies have reported preliminary estimates for Sandy-related losses, a...
DATE: Dec 27, 2012
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CATEGORY:
Reinsurance
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Major change in the running of Bermuda’s tourism industry could come with the new One Bermuda Alliance (OBA) Government.
OBA had said that setting up a professional, accountable Tourism Authority was one of its immediate priorities and a spokesman sa...
DATE: Dec 27, 2012
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CATEGORY:
Other
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Shoppers have one last day to complete their holiday buying.
Retailers are pulling out all the stops offering discounts and extended hours to lure last-minute shoppers through their doors.
Christmas Eve is also the day that the men come out to shop, ...
DATE: Dec 24, 2012
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CATEGORY:
Local Business
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The St George’s Club has announced it has outsourced and leased its two restaurants to the newly formed company, HMS Limited.
Griffin’s Bistro and The Beach House will operate under a new ownership structure from 2013 onwards and offer two distinct e...
DATE: Dec 24, 2012
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CATEGORY:
Local Business
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Bermuda-based Aspen Insurance Holdings announced an initial estimate of catastrophe losses from Superstorm Sandy of $175 million. Aspen expects fourth quarter 2012 earnings to include approximately $175 million after-tax, and net of reinsurance and r...
DATE: Dec 24, 2012
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CATEGORY:
Reinsurance
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Argus Group rose the most last week on the Bermuda Stock Exchange, ending nearly 8 percent higher at $3.40 on a volume of 18,143.
BF&M closed Friday at $16.00, up 24 cents, or 1.5 percent, as 305 shares changed hands.
Butterfield Bank shares ended th...
DATE: Dec 24, 2012
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CATEGORY:
Bermuda Stock Exchange
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NEW YORK (Bloomberg News) — Validus Holdings Ltd., the reinsurer that acquired Flagstone Reinsurance Holdings SA, said costs from superstorm Sandy were about $333.1 million.
Flagstone’s losses from the storm are about $39.1 million, Bermuda-based Val...
DATE: Dec 24, 2012
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CATEGORY:
Reinsurance
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Ascendant Group dove 59 cents (4.85 percent) on the Bermuda Stock Exchange yesterday, trading 3,000 shares to close at $11.56.
KeyTech also fell 19 cents (3.16 percent), trading 1,900 shares to close at $5.81 and Butterfield Bank dropped one cent (.7...
DATE: Dec 22, 2012
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CATEGORY:
Bermuda Stock Exchange
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BF&M rose 24 cents (1.52 percent) on the Bermuda Stock Exchange yesterday, trading 300 shares to close at $16.
Butterfield Bank and Bermuda Aviation both traded trades to close at $1.27 and $3.60, respectively, both with no change in share price.
Ove...
DATE: Dec 21, 2012
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CATEGORY:
Bermuda Stock Exchange
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Realtors are looking for the election result to slow the downward spiral of home prices in Bermuda and boost business confidence.
Coldwell Banker Bermuda Realty president Brian Madeiros said if just half the vacant office space in Hamilton was filled...
DATE: Dec 21, 2012
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CATEGORY:
Local Business
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