76342 results returned for search: "" category "Business"
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
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Other
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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
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CATEGORY:
Reinsurance
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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
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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
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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
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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
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CATEGORY:
Reinsurance
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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
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Ending payroll tax breaks would be disastrous for the restaurant industry, which has yet to recover from 2008 when dining out plunged 40 percent on average, warned Chamber of Commerce restaurant division head Phil Barnett.
“For many restaurants the p...
DATE: Dec 14, 2011
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CATEGORY:
Local Business
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Raising duty rates on online purchases shipped in by courier would be “a massive and punitive tax increase” on consumers, Mailboxes Unlimited boss Steve Thomson said yesterday.
“Protectionist tax policies stifle the economy and hurt the local populat...
DATE: Dec 14, 2011
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CATEGORY:
Local Business
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The Bermuda Foundation for Insurance Studies (BFIS) celebrated its 15th anniversary at its recent annual general meeting.
The foundation provides funding to support the education of students seeking employment in the Bermuda insurance industry.
In hi...
DATE: Dec 14, 2011
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CATEGORY:
Reinsurance
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