76342 results returned for search: "" category "Business"
Shoppers have been out in large numbers this week snapping up everything from jewellery to shoes in deeply discounted sales throughout the Island.
“I bought five pairs of shoes for $230,” said one happy shopper after her visit to Boyle’s on Queen Str...
DATE: Dec 30, 2011
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CATEGORY:
Other
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Billionaire hedge fund executive Steven Cohen is dipping his toe even further into the reinsurance market with the purchase of a 5.2 percent stake in Bermuda-based Validus Re.
The stock purchase by Mr Cohen’s SAC Capital Advisors’ is a passive invest...
DATE: Dec 29, 2011
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CATEGORY:
Reinsurance
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The Ace Group has announced that it has acquired Rio Guayas Compania de Seguros y Reaseguros, a general insurance company in Ecuador that is owned by Banco de Guayaquil, for approximately $55 million in cash.
Founded in 1993 and currently the fourth-...
DATE: Dec 29, 2011
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CATEGORY:
Reinsurance
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Bermuda-based Aurigen Reinsurance Ltd has sponsored Credit Agricole Securities (USA) Inc’s placement of CA$120 million of notes issued by Vecta I Ltd the first securitisation of Canadian life insurance embedded value.
The deal also covered a closed b...
DATE: Dec 29, 2011
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CATEGORY:
Reinsurance
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St. George’s business owners have asked Government for six fast ferry visits and shuttle buses from Dockyard in 2012 as they look to take a “new approach” to boosting tourism in the New Year.
Cheryl Hayward-Chew, head of the East End Division of the ...
DATE: Dec 29, 2011
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CATEGORY:
Other
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Bermuda’s hotels are pushing through a rough holiday party season, with the bad economy putting the brakes on annual office celebrations.
The Fairmont Southampton saw a 40-percent decline in office party bookings this December, while its sister hotel...
DATE: Dec 29, 2011
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CATEGORY:
Other
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Global Sources Ltd (Bermuda) has announced a management reshuffle set to be completed by the beginning of next year.
Peter Zapf, Global Sources’ chief operating officer, will move into his new role as chief information officer effective from January ...
DATE: Dec 29, 2011
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CATEGORY:
Other
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Butterfield Bank was the day’s only mover on the Bermuda Stock Exchange (BSX) yesterday.
A thousand of the bank’s shares traded, closing down six cents, or 5.08 percent, to end the day at $1.12.
Forty Butterfield Bank Preference Shares also traded, c...
DATE: Dec 29, 2011
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CATEGORY:
Bermuda Stock Exchange
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Billionaire hedge fund executive Steven Cohen is dipping his toe even further into the reinsurance market with the purchase of a 5.2 percent stake in Bermuda-based Validus Re.
This, according to a brief in BusinessWeek. The news comes on the heels o...
DATE: Dec 28, 2011
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CATEGORY:
Other
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Q: I have multiple web sites saved under my Favourites tab and it’s becoming difficult to find what I’m looking for. Can I create folders to help organise my sites?
A: Yes, creating folders is easy to accomplish and a great way to organise site favou...
DATE: Dec 28, 2011
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CATEGORY:
Technology
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