76353 results returned for search: "" category "Business"
LONDON (Bloomberg) Lloyd’s of London, concerned European governments may be unable to support lenders in a worsening debt crisis, has pulled deposits in some peripheral economies as the European Central Bank (ECB) provided dollars to one euro-area in...
DATE: Sep 22, 2011
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CATEGORY:
Reinsurance
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Local company dividends were a bedrock of retirement income for thousands of Bermudian investors, but recently they’ve come under unprecedented pressure.
Both Butterfield Bank and Argus have frozen their dividends, while other BSX-listed companies ha...
DATE: Sep 22, 2011
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CATEGORY:
Local Business
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AM Best Co has affirmed the financial strength rating (FSR) of A (excellent) and issuer credit ratings (ICR) of “a” of the property/casualty subsidiaries of holding company XL Group plc led by XL Insurance (Bermuda) Ltd.
Concurrently, Best has affirm...
DATE: Sep 22, 2011
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CATEGORY:
Reinsurance
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Digicel revealed yesterday that it has acquired internet service provider Transact.
The deal will allow Digicel to expand the range of services it offers in Bermuda, a point emphasised by the company’s chief executive officer Wayne Caines, who said y...
DATE: Sep 22, 2011
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CATEGORY:
Other
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Bermuda Aviation Services Ltd (BAS) has announced the promotion of Frank Williams to group chief operating officer, effective from September 1, 2011.
Mr Williams, who has a background in engineering, was educated in England and worked around the wor...
DATE: Sep 22, 2011
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CATEGORY:
Local Business
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Bermuda Commercial Bank Ltd rose 4.18 percent (50 cents) on The Bermuda Stock Exchange (BSX) yesterday.
The bank closed at $12.45 with 100 shares traded.
Butterfield Bank’s preference shares also climbed 0.16 percent ($2) to $235 as 26 shares changed...
DATE: Sep 22, 2011
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CATEGORY:
Bermuda Stock Exchange
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Bermuda-based Torus Insurance Holdings Ltd is set to buy its way into the Lloyd’s of London market after agreeing to purchase Broadgate, which underwrites through syndicate 1301, from Clal Insurance Enterprise Holdings.
Torus will retain Broadgate’s ...
DATE: Sep 21, 2011
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CATEGORY:
International Business
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AUTHOR:
Jonathan Kent
Bermuda re/insurer Montpelier Re Holdings Ltd has agreed to sell its US excess and surplus lines business to Selective Insurance Group in a deal worth $55 million.
The sale of Montpelier US Insurance Company (MUSIC) will allow the company to allocate...
DATE: Sep 21, 2011
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CATEGORY:
Reinsurance
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We need to stop living “up to our means” and buying the house, car and other material things that we think we can afford.
This is the advice from Cindy Campbell, chief operating officer of AFL Investments, a joint venture between the Argus Group and ...
DATE: Sep 21, 2011
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CATEGORY:
Personal Finance
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Butterfield Bank shares traded yesterday on the Bermuda Stock Exchange (BSX).
They closed down 4 cents, or 2.7 percent, at $1.45.
Ten-thousand of the Bank’s shares changed hands.
Overall the BSX closed down 1.5 percent, or 19.14 to finish the day a...
DATE: Sep 21, 2011
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CATEGORY:
Bermuda Stock Exchange
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