77145 results returned for search: "" category "Business"
Realtors say they are listing more properties that are in or facing foreclosure as an unprecedented number of Bermudians fall behind on their mortgage payments.
One realtor said they’ve seen more people having trouble paying their mortgages “in the p...
DATE: Jan 25, 2013
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CATEGORY:
Local Business
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A mortgage is a form of loan that transfers ownership of a home (or other real estate) from a borrower to a lender (usually a bank). The loan is said to be secured on the home.
A mortgage document creates a detailed contractual relationship, imposing...
DATE: Jan 25, 2013
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CATEGORY:
Other
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Butterfield Bank closed down 3 cents, or 2.3 percent, to end at $1.27 as 1,000 shares changed hands.
Butterfield Preference shares also declined, by $15.00, or 1.2 percent, to close at $1,230 on a volume of 45 shares.
Overall the BSX closed down 1.29...
DATE: Jan 25, 2013
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CATEGORY:
Bermuda Stock Exchange
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The winter months do hold some perks for locals — who now have a chance to experience the high life at award-winning resorts in Bermuda at a fraction of the regular cost.
The Reefs Resort in Southampton is opening up their Club residences to locals i...
DATE: Jan 25, 2013
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CATEGORY:
Local Business
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US private-equity company KKR & Co has acquired a 24.9 percent stake in Bermuda-based Nephila Capital Ltd, an investment management firm that focuses on natural catastrophe and weather risk. Terms of the deal were not disclosed.
KKR obtained shares f...
DATE: Jan 25, 2013
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CATEGORY:
Reinsurance
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The Bermuda housing market suffered both a drop in property values and a significant decline in sales volume last year.
This from Rego Sotheby’s International Realty president Buddy Rego, who took issue with some of the numbers in a report by Global ...
DATE: Jan 24, 2013
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CATEGORY:
Other
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Bermuda Realty Company Ltd recognised six staff members for their long service with company in 2012, representing a collective 75 employment years.
Recipients represented several different areas within the company, including corporate administration,...
DATE: Jan 24, 2013
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CATEGORY:
Local Business
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Another realty company has come forward to say that Bermuda’s overseas luxury real estate market hit the skids last year — virtually drying up in the second half of the year.
According to Coldwell Banker Bermuda Realty’s Luxury Home Market Update, th...
DATE: Jan 24, 2013
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CATEGORY:
Local Business
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A landmark Victorian home on The Lane could soon be turned into doctor’s offices.
The Paget property’s new owners are applying to Planning for a change of use from residential to three doctor’s offices.
Called The Netherlands, the home is at the end...
DATE: Jan 24, 2013
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CATEGORY:
Local Business
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Hearings continue this week within the Florida state legislature to discuss the potential downsizing of the Citizens Property Insurance Corporation — a move that would greatly benefit Bermuda’s reinsurance market.
Citizens, in theory was created to a...
DATE: Jan 24, 2013
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CATEGORY:
Reinsurance
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