75946 results returned for search: "" category "Business"
BF&M’s purchase of Cayman insurer Island Heritage helped push its profit for the first half of the year up by 7 percent to $12.2 million compared to $11.4 million in the six months to June 30, 2011, resulting in an annualised return on shareholders’ ...
DATE: Sep 21, 2012
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CATEGORY:
Local Business
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NEW YORK (Bloomberg) — Marsh & McLennan Cos., the second- largest insurance broker, promoted Daniel Glaser to chief executive officer, effective January 1, as the company expands in Latin America and Asia.
Glaser, 52, replaces Bermuda’s Brian Duperre...
DATE: Sep 21, 2012
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CATEGORY:
Reinsurance
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Another round of downsizing has resulted in the layoff of eleven employees from SAL Trading Limited due to a drop in trading in Bermuda’s struggling economy.
Company CEO Bill Morrison said in a statement yesterday: “SAL regrettably had to inform a nu...
DATE: Sep 21, 2012
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CATEGORY:
Local Business
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Representatives from Bermuda are in Central America this week talking up the benefits of doing business on the Island to some of the largest companies in the world.
Janita Burke and Eduardo Fox of law firm Appleby (Bermuda) along with David Fox from ...
DATE: Sep 21, 2012
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CATEGORY:
Reinsurance
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(Reuters) — The European Union could postpone strict new capital rules for insurers because of wrangling between member countries over the final shape of the new regulations.
Michel Barnier, the European Union commissioner in charge of regulation, su...
DATE: Sep 20, 2012
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CATEGORY:
International Business
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Insurer BF&M Limited announced earnings of $12.2 million for the six months ended June 30, resulting in an annualised return on shareholders’ equity of 12 percent.
Shareholders’ net income for the comparative six month period of 2011 was $11.4 milli...
DATE: Sep 20, 2012
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CATEGORY:
Local Business
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Gasoline prices have hit an all-time high this year topping out at $2.24 per litre, a rise of 6.1 cents per litre, in September according to the monthly announcement from the Ministry of Finance yesterday
Meanwhile the price of diesel has risen 4.7 c...
DATE: Sep 20, 2012
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CATEGORY:
Other
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Lawyers from MJM yesterday gave a presentation on Bermuda employment law: Restrictive Covenants in the Insurance Industry, to members of the Association of Bermuda International Companies.
Associates Fozeia Rana-Fahy and Jennifer Haworth gave a one-h...
DATE: Sep 20, 2012
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CATEGORY:
Local Business
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The Bermuda Hospitals Board has revealed it has entered into “significant operating lease agreements” with third parties for the rental of five properties, including office space and accommodation for staff totalling some $10.8 million over five year...
DATE: Sep 20, 2012
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CATEGORY:
Local Business
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Forbes Magazine’s list of “The 400 Richest People in America” is out and it includes several billionaires who have ties to Bermuda and the reinsurance industry.
Highest on the list with a connection to the Island is the “Oracle of Omaha, billionaire...
DATE: Sep 20, 2012
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CATEGORY:
International Business
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