76339 results returned for search: "" category "Business"
Bermuda reinsurer Platinum Underwriters Holdings Ltd last night reported net income of $53.3 million for the first quarter despite being hit by almost $25 million in catastrophe losses.
It was a huge swing in the right direction for Platinum from a ...
DATE: Apr 19, 2012
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CATEGORY:
Reinsurance
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Department store Gibbons Company has made cut jobs, blaming Bermuda’s struggling retail sector.
A spokesman for Gibbons Company said yesterday three staff had been made redundant and nine long-serving employers had accepted retirement.
They are part...
DATE: Apr 19, 2012
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CATEGORY:
Local Business
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Some 20,000 Butterfield Bank shares traded hands yesterday on the Bermuda Stock Exchange. The shares closed unchanged at $1.19.
Butterfield was the only trade of the day on the BSX.
The BSX closed unchanged at 1,056.13.
The BSX Insurance Index closed...
DATE: Apr 19, 2012
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CATEGORY:
Bermuda Stock Exchange
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Supply chain risk and cyber liability are the two classes of business that could be the next successful lines for Bermuda’s insurers.
“These are definitely the two subjects that have come up most,” Paul Scope, CEO of JLT Park told The Royal Gazette a...
DATE: Apr 19, 2012
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CATEGORY:
Reinsurance
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While Bermuda’s local retail banks may be fierce competitors in Hamilton, it’s all family at the world’s largest insurance conference.
At the annual four-day RIMS conference in Philadelphia this week, Butterfield Bank, Capital G and HSBC all have boo...
DATE: Apr 19, 2012
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CATEGORY:
Reinsurance
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Office products and services company AF Smith is now an authorised reseller of Apple products where customers can order online through their newly launched website — www.afsmith.bm.
The company that last week confirmed six lay-offs said the new websi...
DATE: Apr 18, 2012
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CATEGORY:
Local Business
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An invisible revolution is occurring. While at the grocery store recently, I paid with a debit card. Being too lazy to use the pen, I pressed the on-screen ‘OK’ button on the device with my finger. The machine haughtily told me to please use the pen ...
DATE: Apr 18, 2012
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CATEGORY:
Technology
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BF&M Ltd said today it had completed the $68 million purchase of Cayman-based insurer Island Heritage Holdings Ltd.
In a regulatory filing published by the Bermuda Stock Exchange, BF&M said it had purchased 338,409 common shares of Island Heritage, a...
DATE: Apr 18, 2012
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CATEGORY:
Reinsurance
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Imports fell for a third successive year in 2011, as the recession dampened demand for goods.
The value of goods brought in from overseas slumped by almost eight percent last year, following the nine percent fall in 2010.
Government figures released ...
DATE: Apr 18, 2012
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CATEGORY:
Other
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It’s been said iPads are the future of newspapers and magazines, but just how much are people spending on digital editions?
A new study finds iPad users spend more than $70,000 every day on the top 100 newspaper and magazine apps in Apple’s Newsstand...
DATE: Apr 18, 2012
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CATEGORY:
Technology
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