76339 results returned for search: "" category "Business"
No jobs will go as a result of the sale of Bermuda-based Ariel re/insurance operations to Goldman Sachs, The Royal Gazette can reveal.
As the two businesses are combined, it is expected that more jobs will be created, said the company.
Yesterday, Ar...
DATE: Mar 02, 2012
|
CATEGORY:
Reinsurance
|
Four former GenRe executives and one former executive from AIG will face trial next year on accusations they created a sham reinsurance transaction to boost AIG’s earnings.
This is the second time the executives have faced trial on federal fraud cha...
DATE: Mar 02, 2012
|
CATEGORY:
Reinsurance
|
Five years ago, the Supreme Court of Bermuda set up The Commercial Court. It has enhanced the island’s legal infrastructure and enabled Bermuda to become a leading offshore jurisdiction for the resolution of commercial disputes. The Royal Gazette ask...
DATE: Mar 02, 2012
|
CATEGORY:
Other
|
Butterfield Bank Preferred jumped $5.00 (.40 percent) on the Bermuda Stock Exchange yesterday to close at $1,235 with 20 shares trading. KeyTech traded 3,000 shares to close at $5.25, Argus traded 300 shares to close at $4.10, Butterfield Bank traded...
DATE: Mar 02, 2012
|
CATEGORY:
Bermuda Stock Exchange
|
They love to read and they love St George’s.
The proud new owners of the Book Cellar in the Old Town are husband and wife Dueane Dill and Kristin White.
They bought the business from retiring owner Gill White and plan to reopen in early May after min...
DATE: Mar 02, 2012
|
CATEGORY:
Other
|
Bermuda Public Storage will celebrate the grand opening of its new self-storage facility in the heart of Hamilton later this month.
The 50,000-square-foot, eight-storey complex on Elliott Street features seven floors of storage space two floors belo...
DATE: Mar 02, 2012
|
CATEGORY:
Local Business
|
HSBC Bank Bermuda Ltd made net income of $152 million, the bank revealed today.
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 impr...
DATE: Mar 01, 2012
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
Butterfield Bank bounced back to make a $40.5 million profit in 2011, after posting losses in excess of $200 million for each of the previous two years.
Chief executive officer Brad Kopp told The Royal Gazette last night that the four successive quar...
DATE: Mar 01, 2012
|
CATEGORY:
Local Business
|
AUTHOR:
Jonathan Kent
A new variety store will be opening in St George’s today.
East End Variety, at 8 Duke of York Street, will sell groceries and household goods, among other offerings, said Leon Dickinson, owner of the new business.
DATE: Mar 01, 2012
|
CATEGORY:
Local Business
|
Market watchers are speculating that Wells Fargo is eyeing insurance brokerage Willis as a potential purchase in lieu of a wealth management deal.
According to Dow Jones, KBW investment bank speculates Wells Fargo could make an offer for Willis Group...
DATE: Mar 01, 2012
|
CATEGORY:
Reinsurance
|
