75989 results returned for search: "" category "Business"
WASHINGTON (Reuters) - The head of the International Monetary Fund yesterday urged advanced countries to take bold, coordinated action to break a vicious cycle of weak growth and high debt that threatens the global economy and has been worsened by dy...
DATE: Sep 16, 2011
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CATEGORY:
Economy
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Diane Gordon has left the Bermuda Chamber of Commerce, it was announced by the Chamber yesterday.
No explanation of the former executive director’s departure was given, with the statement saying only that she was no longer employed by the Chamber.
“M...
DATE: Sep 16, 2011
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CATEGORY:
Economy
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Concern about Bermuda’s political environment was one of the reasons that companies decided to move away from the Island over the past four years, but no longer so.
That is the view of Mark Byrne, the founder of Class of 2005 start-up Flagstone Re, s...
DATE: Sep 16, 2011
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CATEGORY:
Economy
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Government is reaching for the stars to bring new investment to the Island.
Minister of Environment, Planning and Infrastructure Strategy Walter Roban met with executives from some of the world’s biggest satellite communications operators at an indus...
DATE: Sep 16, 2011
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CATEGORY:
International Business
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Reinsurance executives gathered in Monte Carlo this week believe there are good reasons why property and catastrophe rates should rise but there is less confidence that there will be any broader market turn.
Massive catastrophe losses, estimated as h...
DATE: Sep 15, 2011
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
HSBC Bermuda is helping to refinance Orient-Express Hotels’ loan on its Brazilian properties.
The bank is part of a club of three banks that refinanced the famed Copacabana Palace in Rio de Janeiro and Hotel das Cataratas at Iguassu Falls.
According ...
DATE: Sep 15, 2011
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CATEGORY:
Other
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Baptiste Ltd is about to undergo a major renovation so it can expand into the housewares and home decor market at its Warwick location.
The building supply and home improvement store said it is emptying its warehouse to make way for the expansion.
Ow...
DATE: Sep 15, 2011
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CATEGORY:
Local Business
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Shares of insurer Argus Group Holdings Ltd plunged 12.8 percent in Bermuda Stock Exchange trading yesterday.
The company, whose shares have tumbled by around 24 percent this year fell 64 cents to $4.35, a six-month low. The volume of shares traded wa...
DATE: Sep 15, 2011
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CATEGORY:
Bermuda Stock Exchange
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Colonial Group International Ltd’s life/health and property/casualty operating subsidiaries have been affirmed the financial strength ratings of A- (excellent) and issuer credit ratings of “a-” by AM Best Co.
The outlook for all ratings is stable. Al...
DATE: Sep 15, 2011
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CATEGORY:
Local Business
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The fight for Transatlantic Holdings Inc stepped up a notch yesterday after Bermuda-based Validus Holdings Ltd announced plans to replace Transatlantic’s board.
In a statement, Validus said the Transatlantic board had acted to “thwart” its unsolicite...
DATE: Sep 15, 2011
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CATEGORY:
Reinsurance
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