76339 results returned for search: "" category "Business"
Bermuda-based Arch Capital Group has agreed to buy Ariel Re’s Credit & Surety reinsurance operations based in Zurich.
The news comes on the heels of Goldman Sachs agreeing to buy Ariel’s Bermuda-based reinsurance operations.
On the closing of the tra...
DATE: Mar 05, 2012
|
CATEGORY:
Reinsurance
|
With cab fares locked in, soaring gas prices are sinking the profits of Bermuda’s taxi drivers. That’s prompting drivers to organise to get their voices heard.
Taxi driver Leopold Kuchler says he doesn’t even think about driving around with his air ...
DATE: Mar 05, 2012
|
CATEGORY:
Local Business
|
Butterfield Bank soared 5.5 percent in Bermuda Stock Exchange (BSX) trading in the week it announced its first annual profit in three years.
Butterfield ended the week six cents higher at $1.16, on the trading of 6.513 shares, after it posted 2011 ne...
DATE: Mar 05, 2012
|
CATEGORY:
Bermuda Stock Exchange
|
The Corporation of Hamilton said it has no existing agreement with the US developer who said this week he had financing in place and hoped to break ground later this year on a hotel and ultra-high-end condos off Par-La-Ville Road.
Despite what Unifie...
DATE: Mar 05, 2012
|
CATEGORY:
Other
|
Regulators are downplaying concerns that the implementation of Solvency II regulation could be delayed for a year, saying they are confident the new capital regime is still on schedule with a ‘soft launch’ planned for January 2013.
“The European Parl...
DATE: Mar 05, 2012
|
CATEGORY:
Reinsurance
|
When the stock market went off a cliff last summer, the big question was whether we were seeing the beginning of a long-term bear market, or just a pause in the ‘sideways’ equities trend of the last decade.
A long-term bear would be a new phenomenon...
DATE: Mar 03, 2012
|
CATEGORY:
Personal Finance
|
Butterfield Bank tumbled 9 cents (7.20 percent) on the Bermuda Stock Exchange yesterday, to close at $1.16 with 3,649 shares trading hands. Butterfield Preferred traded 70 shares to close at $1,235 with no change in share price.
Overall, the BSX clos...
DATE: Mar 03, 2012
|
CATEGORY:
Bermuda Stock Exchange
|
Bermuda-based Hardy Underwriting took a £42.1 million loss in 2011, citing an “unprecedented series of extreme natural catastrophe events” last year.
This is compared to generating £10 million in profits in 2010.
“2010 and 2011 have been challenging...
DATE: Mar 02, 2012
|
CATEGORY:
Reinsurance
|
The Bermuda Insurance Management Association (BIMA) have voted in a new slate of officers, as outgoing president Thomas McMahon warned of a changing business and regulatory environment.
BIMA members heard state of the market speeches from key industr...
DATE: Mar 02, 2012
|
CATEGORY:
Reinsurance
|
HSBC Bank Bermuda Ltd made net income of $152 million, the bank revealed yesterday.
Although that was down 38 percent from 2010, the underlying performance, which strips out the impact of parts of the business being sold off, showed a three percent i...
DATE: Mar 02, 2012
|
CATEGORY:
Other
|
