77146 results returned for search: "" category "Business"
American Overseas Group Ltd reported third-quarter 2012 net income of $5.8 million, or $2.20 per diluted share.
This compares to net income available to common shareholders of $26.9 million, or $10.17 per diluted share, for the third quarter of 2011...
DATE: Dec 27, 2012
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CATEGORY:
Reinsurance
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The Bermuda re/insurance market is set to pay out $3 billion in claims relating to Superstorm Sandy - and that payout could yet get much bigger.
Seventeen of the Bermuda market companies have reported preliminary estimates for Sandy-related losses, a...
DATE: Dec 27, 2012
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CATEGORY:
Reinsurance
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Major change in the running of Bermuda’s tourism industry could come with the new One Bermuda Alliance (OBA) Government.
OBA had said that setting up a professional, accountable Tourism Authority was one of its immediate priorities and a spokesman sa...
DATE: Dec 27, 2012
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CATEGORY:
Other
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Shoppers have one last day to complete their holiday buying.
Retailers are pulling out all the stops offering discounts and extended hours to lure last-minute shoppers through their doors.
Christmas Eve is also the day that the men come out to shop, ...
DATE: Dec 24, 2012
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CATEGORY:
Local Business
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The St George’s Club has announced it has outsourced and leased its two restaurants to the newly formed company, HMS Limited.
Griffin’s Bistro and The Beach House will operate under a new ownership structure from 2013 onwards and offer two distinct e...
DATE: Dec 24, 2012
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CATEGORY:
Local Business
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Bermuda-based Aspen Insurance Holdings announced an initial estimate of catastrophe losses from Superstorm Sandy of $175 million. Aspen expects fourth quarter 2012 earnings to include approximately $175 million after-tax, and net of reinsurance and r...
DATE: Dec 24, 2012
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CATEGORY:
Reinsurance
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Argus Group rose the most last week on the Bermuda Stock Exchange, ending nearly 8 percent higher at $3.40 on a volume of 18,143.
BF&M closed Friday at $16.00, up 24 cents, or 1.5 percent, as 305 shares changed hands.
Butterfield Bank shares ended th...
DATE: Dec 24, 2012
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CATEGORY:
Bermuda Stock Exchange
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NEW YORK (Bloomberg News) — Validus Holdings Ltd., the reinsurer that acquired Flagstone Reinsurance Holdings SA, said costs from superstorm Sandy were about $333.1 million.
Flagstone’s losses from the storm are about $39.1 million, Bermuda-based Val...
DATE: Dec 24, 2012
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CATEGORY:
Reinsurance
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Ascendant Group dove 59 cents (4.85 percent) on the Bermuda Stock Exchange yesterday, trading 3,000 shares to close at $11.56.
KeyTech also fell 19 cents (3.16 percent), trading 1,900 shares to close at $5.81 and Butterfield Bank dropped one cent (.7...
DATE: Dec 22, 2012
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CATEGORY:
Bermuda Stock Exchange
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BF&M rose 24 cents (1.52 percent) on the Bermuda Stock Exchange yesterday, trading 300 shares to close at $16.
Butterfield Bank and Bermuda Aviation both traded trades to close at $1.27 and $3.60, respectively, both with no change in share price.
Ove...
DATE: Dec 21, 2012
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CATEGORY:
Bermuda Stock Exchange
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