75946 results returned for search: "" category "Business"
Why can’t countries act like companies? If the US was an incorporated company instead of a sovereign nation, it would be bust and filing for bankruptcy. Many European countries are in a similar financial position.
First world finances are so topsy-t...
DATE: Oct 20, 2012
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CATEGORY:
Personal Finance
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More than $1 million of inventory will be displayed at Crisson Hind African Art Gallery in its newly renovated space on the ground floor of 71 Front Street.
Yesterday, Crisson announced that the gallery would move from the second floor, where it has ...
DATE: Oct 19, 2012
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CATEGORY:
Local Business
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Up to 60 jobs are on the line as Coral Beach Club faces an increasingly uncertain future after members turned down a plan by the operator to sell them the resort’s facilities for $28 million.
There are concerns the exclusive beach and tennis club cou...
DATE: Oct 19, 2012
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CATEGORY:
Local Business
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Bermuda-based Platinum Underwriters reported net income of $84.9 million for the third quarter 2012 despite suffering $17.6 million in underwriting losses related to North American crop reinsurance.
Platinum’s net income is a huge swing to profit com...
DATE: Oct 19, 2012
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CATEGORY:
Reinsurance
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Bermuda-based Armour Group yesterday announced that an affiliate had agreed to acquire the run-off business of OneBeacon.
OneBeacon, whose holding company is in Bermuda and which is three-quarters owned by Bermuda-based White Mountains Insurance Grou...
DATE: Oct 19, 2012
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CATEGORY:
Reinsurance
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Indian Hotels has made a $1.86 billion bid to take over Bermuda-based Orient-Express Hotels.
The offer amounts to $12.63 per share, representing a premium of 40 percent over Orient-Express’s closing share price on Wednesday.
Indian Hotels, which is a...
DATE: Oct 19, 2012
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CATEGORY:
International Business
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AUTHOR:
Jonathan Kent
Ascendant Group jumped 30 cents (2.54 percent) on the Bermuda Stock Exchange yesterday, trading 3,400 shares to close at $12.10.
Butterfield Preferred shares also jumped $10 (.82 percent), trading two shares to close at $1,220.
Overall, the BSX close...
DATE: Oct 19, 2012
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CATEGORY:
Bermuda Stock Exchange
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Some of Government work to protect and tidy up the road leading to Fort St Catherine’s in St George’s may have been in vain.
If the developer of the proposed Park Hyatt resort gets a permit to proceed with excavation work in the next several weeks, s...
DATE: Oct 19, 2012
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CATEGORY:
Other
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New rules to bulletproof insurers in the European Union against financial crises will likely be delayed another two years because of continual disagreements over the final shape of the rules.
Insurers had expected the Solvency II rules, scheduled to...
DATE: Oct 19, 2012
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CATEGORY:
Reinsurance
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British insurance broker Jardine Lloyd Thompson (JLT) is expected to deliver lower profits from its reinsurance business this year because a number of major insurers were passing on less risk thank in 2011.
“We have experienced some large primary ins...
DATE: Oct 19, 2012
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CATEGORY:
Reinsurance
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