76339 results returned for search: "" category "Business"
Allied World Assurance Company Holdings last night reported an annual profit of $274.5 million, boosted by a merger termination fee from its failed attempt to combine with US reinsurer Transatlantic Holdings.
The Switzerland-based re/insurer, which r...
DATE: Feb 16, 2012
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CATEGORY:
Reinsurance
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A shareholder has gone public with concerns about the role of the Canadian Imperial Bank of Commerce at Butterfield Bank and whether CIBC and another large shareholder, the Carlyle Group, are having too much say and “directing” management.
Together C...
DATE: Feb 16, 2012
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CATEGORY:
Other
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Overall consumer spending fell by 0.8 percent in December, with vehicle sales plummeting 34 percent.
According to the Bermuda’s Retail Sales Index, December’s retail sales totalled $105.7 million, $0.9 million less than in December 2010. After inflat...
DATE: Feb 16, 2012
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CATEGORY:
Local Business
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Shares of insurance broker Willis Group Holdings Plc plunged 10.7 percent in New York trading yesterday, after fourth quarter profits fell by more than half from last year.
Revenue declined and the third-largest broker, behind Aon and Marsh, missed a...
DATE: Feb 16, 2012
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CATEGORY:
Reinsurance
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CedarBridge Academy took home the top prize from the third annual Butterfield Student Challenge business competition, which saw 24 students develop financial advice for mock local companies.
Held at the Fairmont Hamilton Princess sponsored by Butterf...
DATE: Feb 16, 2012
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CATEGORY:
Other
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Butterfield Bank traded 300 shares on the Bermuda Stock Exchange with no change in share price to close at $1.14 and Butterfield Bank Preferred traded 90 shares with no change in share price to close at $1,230.
Overall, the BSX traded 300 shares trad...
DATE: Feb 16, 2012
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CATEGORY:
Bermuda Stock Exchange
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Internal disagreements have flared up within the Bermuda Chamber of Commerce amid tension over members’ differing opinions on Government’s duty harmonisation proposals.
Paula Clarke, head of the Chamber’s retail division, said that fellow Chamber mem...
DATE: Feb 15, 2012
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CATEGORY:
Local Business
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Q: Why do I need to use a filter on my DSL line? What is the difference between a filter and a splitter?
A: Filters are used to ensure voice quality on lines that have both voice and data service on them. Lines that do not have filters on them are li...
DATE: Feb 15, 2012
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CATEGORY:
Technology
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Bermuda-based insurer Argo Group reported a $82.4 million net loss for 2011, citing “significant catastrophe activity”.
This result is compared to net income of $82.6 million in 2010.
“2011 was a challenging year for Argo Group and the industry given...
DATE: Feb 15, 2012
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CATEGORY:
Reinsurance
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Marketing and advertising firm, Aardvark Communications, announced they have made four new additions to their team, including three Bermudians, with the goal of training young local talent.
Bermudians Chris Chiappa and Krystal Outerbridge have joine...
DATE: Feb 15, 2012
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CATEGORY:
Local Business
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