75971 results returned for search: "" category "Business"
Bermuda Commercial Bank’s credit rating has been downgraded by Moody’s because of increasing risk associated with the bank’s expanding investment portfolio.
In downgrading BCB’s long-term deposit rating to Ba2 from Baa3, Moody’s noted the bank’s inve...
DATE: Aug 07, 2012
|
CATEGORY:
Local Business
|
Bermuda-based re/insurer Argo Group International Holdings Ltd beat analysts’ estimates, as profits for the second quarter rose to $24 million.
The profit broke down to 92 cents a share, compared to net income of $21.6 million, or 78 cents per share,...
DATE: Aug 07, 2012
|
CATEGORY:
Reinsurance
|
During these tough economic times, employers may be looking for any opportunity to cut their expenses.
One area that has particularly suffered is employee benefits. Employers have cut vacation time, paid sick leave, and other benefits.
But while cut...
DATE: Aug 07, 2012
|
CATEGORY:
Bermuda Works
|
Spaces that encourage teamwork
A few simple steps can create a work environment that enhances the collaborative workstyle so much in vogue for white-collar professionals, says Harvard Business Review.
Business today requires collaboration, but we rar...
DATE: Aug 07, 2012
|
CATEGORY:
Bermuda Works
|
The shares of Bermuda-based run-off specialist Enstar Group Ltd soared more than six percent in New York Stock Exchange trading on Friday after the company announced that second-quarter earnings more than quadrupled.
Net earnings were $40.7 million, ...
DATE: Aug 06, 2012
|
CATEGORY:
Reinsurance
|
AUTHOR:
Jonathan Kent
NEW YORK (Bloomberg) — American International Group shares were priced at $30.50 as the US cut its stake in the Treasury Department’s fourth offering of the company’s stock.
The US raised $5 billion, with New York-based AIG buying $3 billion of the s...
DATE: Aug 06, 2012
|
CATEGORY:
Reinsurance
|
NEW YORK (Bloomberg) — American International Group, the insurer majority-owned by the US government, posted its third straight profitable quarter as results improved at the Chartis property-casualty and SunAmerica life units.
Net income rose 27 perc...
DATE: Aug 06, 2012
|
CATEGORY:
Reinsurance
|
Willis Group Holdings Plc posted a higher quarterly profit as lower expenses helped the insurance-broker offset a slight decline in commissions and fees.
The company’s net income from continuing operations for the second quarter rose to $107 million,...
DATE: Aug 06, 2012
|
CATEGORY:
Reinsurance
|
Entrepreneur and author McCal Roberts was in the US last week on a second tour to promote his book ‘Bonded’ which is set to be made into a movie.
Mr Roberts visited Philadelphia, Atlantic City and New York, signing copies of his book in stores. The t...
DATE: Aug 06, 2012
|
CATEGORY:
Local Business
|
Butterfield Bank and insurer BF&M Ltd rose in a three-day week of trading on the Bermuda Stock Exchange, which was closed for the past two days for the Cup Match holiday.
Butterfield, which announced a $16 million profit for the second quarter on Tue...
DATE: Aug 04, 2012
|
CATEGORY:
Bermuda Stock Exchange
|
