75989 results returned for search: "" category "Business"
Retailers’ continuing struggles were highlighted by figures released yesterday which showed retail sales were 2.7 percent lower in June than they were in the same month a year earlier.
Retail sales volume, which takes into account the impact of infla...
DATE: Aug 19, 2011
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CATEGORY:
Economy
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Bermuda’s insurance regulation regime for big commercial re/insurers is largely equivalent with the new European Solvency II regulations, according to a consultation document published yesterday by European assessors.
However, more enhancements need ...
DATE: Aug 18, 2011
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
A self-made billionaire businesswoman has won a damning appeal against two subsidiaries of the now defunct Mutual Risk Management group and two of its Bermuda-based senior executives.
The Bermuda Appeal Court judgement could have major implications f...
DATE: Aug 18, 2011
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CATEGORY:
Other
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Bermuda-based White Mountains Insurance Group Ltd announced yesterday that it intends to commence a “modified Dutch auction” self-tender offer to buy up to 300,000 of its common shares.
Under the deal the shares would be purchased at a price of not g...
DATE: Aug 18, 2011
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CATEGORY:
Reinsurance
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Startled Butterfield Bank customers found themselves short of money yesterday after the company suffered a major Internet banking glitch.
Thousands of bill payments and money transfers were duplicated in customer accounts.
Butterfield Bank said yeste...
DATE: Aug 18, 2011
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CATEGORY:
Other
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LOM suffered a loss of $1,220 during the first half of 2011 as its broking fees dropped by 6.5 percent to $1.76 million.
That compares to a loss of a loss of $357,286 in the first six months of 2010. The company’s assets under administration also dro...
DATE: Aug 18, 2011
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CATEGORY:
Other
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The Bermuda Stock Exchange (BSX) remained unchanged at 1,238.63 yesterday with 18,848 shares worth $214,401.20 traded.
The Ascendant Group Ltd saw 14,900 shares change hands, but its share price held firm at $14.
Butterfield Bank also transacted 3,94...
DATE: Aug 18, 2011
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CATEGORY:
Bermuda Stock Exchange
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Bermuda is at the centre of an investigation into the finances of Australian tycoons the Lowy family in a bid to uncover who was behind a Liechtenstein-based foundation that US authorities have alleged was used for tax evasion.
That is according to a...
DATE: Aug 18, 2011
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CATEGORY:
Other
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Everest Re Group Ltd’s re/insurance subsidiaries have been affirmed the financial strength rating of A+ (superior) and issuer credit ratings of “aa-” by AM Best Co. The outlook for all ratings is stable.
The ratings reflect Everest Re’s consistently ...
DATE: Aug 18, 2011
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CATEGORY:
Reinsurance
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Nabors Industries Ltd has announced that its wholly-owned subsidiary Nabors Industries Inc has priced $700 million in senior unsecured notes due in 2021, following the private placement offering it announced earlier yesterday.
The notes will bear int...
DATE: Aug 18, 2011
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CATEGORY:
Other
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