75979 results returned for search: "" category "Business"
Butterfield Bank has agreed to sell its Barbados subsidiary, Butterfield Bank (Barbados) Ltd, to Trinidad and Tobago-based First Citizens Bank Ltd, in a deal worth around US$45 million.
The bank said late yesterday that pending regulatory approval, t...
DATE: May 08, 2012
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CATEGORY:
Other
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Independent broker, RK Harrison has purchased four businesses within Gibbs Hartley Cooper (GHC) from Marsh.
Included in the deal are all of GHC’s specie and cargo practices and most of its North America property and casualty and accident, health and...
DATE: May 07, 2012
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CATEGORY:
Reinsurance
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Bermuda-based Enstar Group Ltd reported net earnings rose to $9.7 million in the first quarter of 2011, compared to $3.5 million in the same period last year.
Enstar, which acquires and manages insurance and reinsurance companies in run-off, also sai...
DATE: May 07, 2012
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CATEGORY:
Reinsurance
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A Bermuda DJ and a longtime hospitality worker have joined forces to open a new nightclub in St George’s.
Club Minaj on Water Street is owned by DJ Dennis (Bussy) Maynard and Swizzle Inn manager Benjamin Smith.
The two businessmen hope the club will ...
DATE: May 07, 2012
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CATEGORY:
Local Business
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Business Bermuda CEO Cheryl Packwood has been named as an Industry Leader in the MENA Fund Manager Magazine Service Provider Power 50.
The MENA Fund Management Power 50 of 2012 pays tribute to the service providers of the fund industry who have weath...
DATE: May 07, 2012
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CATEGORY:
International Business
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Close to 150 of XL’s Bermuda-based employees chose to spend last Friday working on community projects throughout the Island.
They joined thousands of XL colleagues around the world to participate in XL’s seventh annual Global Day of Giving.
The emplo...
DATE: May 07, 2012
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CATEGORY:
Reinsurance
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Argus and KeyTech tumbled last week on the Bermuda Stock Exchange while Ascendant and Butterfield Preferred made gains.
Argus fell five percent (20 cents) trading 98,584 shares to close at $3.80. Argus’s market capitalisation now stands at $81.7 mill...
DATE: May 07, 2012
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CATEGORY:
Bermuda Stock Exchange
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Jardine Lloyd Thompson Group has bought The Towner Management Group, the largest independent captive manager in Barbados.
The company has also entered into a joint venture with Towner’s Vermont-based US arm, Towner Management US.
JLT Towner, as it ...
DATE: May 07, 2012
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CATEGORY:
Reinsurance
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Michael Warwicker has joined Endurance Specialty Holdings from Iron-Starr Excess Casualty to take the role of head of Insurance Operations, Endurance Risk Solutions (Bermuda).
The announcement came on Friday nearly three months after Iron-Starr annou...
DATE: May 07, 2012
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CATEGORY:
Reinsurance
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Well-known cycle shop, Oleander Cycles, has now added jet skis to its offerings, after signing an exclusive deal with Kawasaki jet skis.
“I am thrilled to announce our deal with Kawasaki,” said General Manager Gregory Bluck. “We love their products ...
DATE: May 07, 2012
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CATEGORY:
Local Business
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