76327 results returned for search: "" category "Business"
Ratings firm S&P raised the financial strength rating of Bermuda-based Validus Reinsurance Ltd to ‘A’ from ‘A-’ and their counterparty credit rating on its holding company, Validus Holdings Ltd, to ‘BBB+’ from ‘BBB’. The outlook is stable.
According ...
DATE: Aug 27, 2012
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CATEGORY:
Reinsurance
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The Royal Gazette/ Bermuda Stock Exchange (BSX) Index slid last week as three domestic companies saw their share prices decline.
Bermuda Press (Holdings) Ltd, owner of The Royal Gazette, suffered the largest fall of 7.5 percent, although on very low ...
DATE: Aug 27, 2012
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CATEGORY:
Bermuda Stock Exchange
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Bermuda’s convention business has been dealt another blow as one of the Island’s longest-standing conferences has decided to pull up stakes and relocate to another location.
The announcement compounds the news that recent visitor arrivals fell by one...
DATE: Aug 27, 2012
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CATEGORY:
International Business
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HSBC Bermuda has had its outlook revised to negative from stable as part of an overall ratings review of the global banking group by Standard & Poor’s.
S&P said it affirmed its ‘A+/A-1’ ratings on “highly strategic” subsidiary HSBC Bank Bermuda Ltd, ...
DATE: Aug 27, 2012
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CATEGORY:
International Business
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Primus Guaranty Ltd is calling its seven percent bonds due in 2036 and paying investors 100 percent of principal.
The Bermuda-based company with offices in New York, which provides insurance against bond defaults, issued a notice of mandatory redempt...
DATE: Aug 27, 2012
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CATEGORY:
Reinsurance
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Hotelier David Dodwell says it’s critical for hotels to have a “well-thought out TripAdvisor strategy”, crediting the world’s largest travel website for helping The Reefs and Nisbet Plantation on Nevis stand out from the competition.
In an interview ...
DATE: Aug 27, 2012
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CATEGORY:
Other
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NEW York (Bloomberg) - Bermuda-based financial services company Gerova Financial Group Ltd has sought US bankruptcy court protection, listing debt of as much as $500 million.
The company, formerly known as Asia Special Situations Acquisition Corp, f...
DATE: Aug 27, 2012
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CATEGORY:
Reinsurance
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Investors searching for yield in today’s ultra-low interest rate environment might benefit from looking farther abroad. While US stock dividend strategies have worked like a charm in recent months, many lesser known dividend plays in other regions de...
DATE: Aug 25, 2012
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CATEGORY:
Personal Finance
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AUTHOR:
Bryan Dooley
Ascendant Group dropped 20 cents (1.63 percent) on the Bermuda Stock Exchange yesterday, trading 1,500 shares to close at $12.05.
Butterfield Bank dropped one cent (.80 percent), trading 60,000 shares to close at $1.23.
Overall, the BSX closed at 1,0...
DATE: Aug 25, 2012
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CATEGORY:
Bermuda Stock Exchange
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Look at equities if you want to avoid being sucked into the black hole of Western sovereign debt.
American markets are back at pre-crash levels. It’s hard to imagine why.
Unless you believe that the market is always right, the simple answer is: the...
DATE: Aug 25, 2012
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CATEGORY:
Personal Finance
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