75985 results returned for search: "" category "Business"
LOM (Holdings) Ltd has deferred its dividend payment to its shareholders, the company announced in a filing to the Bermuda Stock Exchange yesterday.
The company decided at a board of directors meeting on December 6 to hold the payment until a future ...
DATE: Dec 16, 2011
|
CATEGORY:
Other
|
Bermuda will be able to gain third-country equivalency with Solvency II for regulation of its major commercial re/insurance market without having to apply the more stringent supervision standards to the Island’s captives.
That was the message yesterd...
DATE: Dec 15, 2011
|
CATEGORY:
Reinsurance
|
BF&M Ltd rose 1.66 percent (25 cents) on The Bermuda Stock Exchange (BSX) yesterday.
The local insurer traded 6,600 shares to close at $15.25.
The Ascendant Group Ltd also climbed 0.07 percent (one cent) to $13.26 as 660 shares changed hands.
Overall...
DATE: Dec 15, 2011
|
CATEGORY:
Bermuda Stock Exchange
|
Butterfield Bank has been affirmed a long-term credit rating of A- and a short-term customer deposit rating of A-2 by ratings agency Standard & Poor’s (S&P).
S&P also increased the rating of the bank’s preferred shares to BBB.
Brad Kopp, Butterfield’...
DATE: Dec 15, 2011
|
CATEGORY:
Other
|
Mark Byrne’s Haverford Bermuda Ltd is continuing its effort to buy a 25 percent stake in Bermuda-based Omega Insurance Holdings Ltd with an offer of 74p per share, The Royal Gazette has learned.
A source close to the negotiations said yesterday the f...
DATE: Dec 15, 2011
|
CATEGORY:
Reinsurance
|
The economic downturn is expected to last for the next 18 to 24 months, but Bermuda’s banks are healthy enough to ride out the duration. This, according to a panel of the Island’s top banking executives at yesterday’s Bermuda Monetary Authority Inter...
DATE: Dec 15, 2011
|
CATEGORY:
Other
|
Chief Justice Richard Ground yesterday halted a trial over Digicel’s long distance service, ruling the dispute should go before the Telecommunications Commission.
In ordering the stay of proceedings, Mr Justice Ground said the Commission was set up a...
DATE: Dec 15, 2011
|
CATEGORY:
Other
|
Bermuda-based firm QuoVadis is among the first Certification Authorities (CA) to adopt a new internet security standard.
The “Baseline Requirements for the Issuance and Management of Publicly-Trusted Certificates” standard was published by the CA/Bro...
DATE: Dec 15, 2011
|
CATEGORY:
Other
|
PartnerRe Ltd says it expects to take a fourth-quarter charge of approximately $88 million tied to the Japanese earthquake of March 11.
With the charge, the company said it would reserve the full limit of its Tohoku Earthquake exposure related to its...
DATE: Dec 15, 2011
|
CATEGORY:
Reinsurance
|
A Government lawyer revealed in Supreme Court yesterday that the Ministry of Business Development and Tourism is “actively considering” whether to revoke or suspend Internet provider Transact’s licence.
Consultant Crown counsel Maurice Cottle said th...
DATE: Dec 15, 2011
|
CATEGORY:
Other
|
