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Butterfield closed up one cent at $1.23 as 1,200 of the bank’s shares changed hands on the Bermuda Stock Exchange yesterday.
Overall the BSX ended up 4.74, or 0.44 percent, at 1,077.44.
The BSX Insurance Index also rose, 24.00, or 2.34, to finish the...
DATE: Jul 26, 2012
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CATEGORY:
Bermuda Stock Exchange
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NEW YORK (Bloomberg) — Ace Ltd, the Swiss company with operations in more than 50 nations including Bermuda, advanced the most since November after touting long-term prospects of crop insurance amid the worst US Midwest drought in more than two decad...
DATE: Jul 26, 2012
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CATEGORY:
Reinsurance
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SAC Re plans to be a reinsurance company with a difference.
The hedge fund-backed firm, which opened its doors for business earlier this month, will employ a non-traditional business model that, according to chief executive officer Simon Burton, will...
DATE: Jul 26, 2012
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CATEGORY:
Reinsurance
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Q: What will happen if I choose to ignore requests for software updates that appear on my PC?
A: Failure to carry out software updates may put your computer at risk and make it susceptible to malicious software which can allow others to gain access t...
DATE: Jul 25, 2012
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CATEGORY:
Technology
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Bermuda-based Catlin Group Ltd has promoted its deputy chief underwriting officer Andrew McMellin to CEO of Catlin US.
He replaces Richard Banas effective September 1, but will remain a member of the Catlin Group Executive Committee.
“I am pleased to...
DATE: Jul 25, 2012
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CATEGORY:
Reinsurance
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Butterfield shares fell on the Bermuda Stock Exchange yesterday.
The bank’s shares closed at $1.22 down 3 cents, or 2.4 percent, on a volume of 8,000.
Argus shares fell 1.3 percent, or 5 cents, ending at $3.75 as 9,500 shares changed hands.
And Bermu...
DATE: Jul 25, 2012
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CATEGORY:
Bermuda Stock Exchange
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Investment firm LOM (Holdings) Ltd made a net loss of $269,566 in the first six months of the year as brokerage revenues dipped sharply on clients’ reluctance to invest in financial markets against a backdrop of elevated global uncertainty.
In a let...
DATE: Jul 25, 2012
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CATEGORY:
Local Business
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Lovers of all things luxurious have a new place to get pampered in Bermuda.
The Spa at Elbow Beach this week unveiled its latest addition to its serene setting — five new poolside spa cabanas and a poolside “finishing touches suite”.
Guests of the s...
DATE: Jul 25, 2012
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CATEGORY:
Local Business
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Insurer BF&M Ltd yesterday announced profits fell 21 percent to $4.5 million for the first quarter of the year on reduced investment income.
Gross premiums written also fell, by four percent over 2011, while operating expenses rose nine percent to $1...
DATE: Jul 25, 2012
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CATEGORY:
Local Business
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A few issues ago we took a look at Instagram, an app that allows users to filter and modify digital pictures on their Android or iPhone and share them via social media sites such as Facebook, Twitter and Tumblr. The extent of the app’s popularity was...
DATE: Jul 25, 2012
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CATEGORY:
Technology
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