75993 results returned for search: "" category "Business"
NEW YORK/LONDON (Reuters) - A major hurricane landfall in Florida could strain leading global reinsurers that have already been buffeted by brutal tornadoes in the United States and earthquakes in Japan and New Zealand.
The biggest reinsurers, compan...
DATE: Jul 04, 2011
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CATEGORY:
Reinsurance
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A 53 percent rise in the share price of property developer West Hamilton Holdings Ltd last week helped the Bermuda Stock Exchange (BSX) record a positive trading week.
The day after it announced its intention to raise $9.3 million in a rights issue, ...
DATE: Jul 04, 2011
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CATEGORY:
Bermuda Stock Exchange
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Only one Bermudian has enrolled for a waiting course at Bermuda College which was due to start this week but has now been pushed back to September.
That is the alarming statistic that has left restaurateur Walter Simmons and others in his industry de...
DATE: Jul 04, 2011
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CATEGORY:
Local Business
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LONDON (Reuters) HSBC Holdings Plc is poised to axe about 700 jobs in its UK retail bank arm, as swingeing staff cuts begin in earnest at banks across Europe stung by a limp economic recovery, trading woes and tougher regulation.
The fresh round of ...
DATE: Jul 01, 2011
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CATEGORY:
International Business
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LONDON (Bloomberg) Novae Group Plc, a Lloyd’s of London insurer, said it has withdrawn from merger talks with Bermuda-based rival Omega Insurance Holdings Ltd without giving a reason for the decision.
“It is unlikely a transaction can be structured a...
DATE: Jul 01, 2011
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CATEGORY:
Reinsurance
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Butterfield Bank rose 1.44 percent (two cents) on The Bermuda Stock Exchange (BSX) yesterday.
The bank traded 5,000 shares to close at $1.40.
BF&M Ltd also saw 14,700 shares change hands, but its share price held firm at $14.80.
Overall the Index was...
DATE: Jul 01, 2011
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CATEGORY:
Bermuda Stock Exchange
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The LOM Group has officially unveiled its new executive jet facility at LF Wade Bermuda International Airport.
The management of LOM, Bermuda Aviation Services Ltd (BAS), its subsidiary Aircraft Services Bermuda Ltd (ASB), the Department of Airport O...
DATE: Jul 01, 2011
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CATEGORY:
Other
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Montpelier Re Holdings Ltd has estimated losses from severe weather events in the US during the second quarter at $35 million.
Fellow re/insurer Flagstone Reinsurance Holdings SA also expects to take a hit of $25 million to $30 million for the same ...
DATE: Jul 01, 2011
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CATEGORY:
Reinsurance
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Baking-mad Karsten Krivenko has realised a dream of opening her own kitchen with the launch of Tribe Road Kitchen in Hamilton.
The new eatery, which is located on the corner of King and Reid Streets, serves everything from tasty breakfast and lunch s...
DATE: Jul 01, 2011
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CATEGORY:
Local Business
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KPMG in Bermuda has announced the upcoming retirement of two of its partners: Kenneth O’Neill and Theo Evangelakos.
The firm’s managing partner Neil Patterson praised the two men for their combined service of over 50 years.
“Ken and Theo have made t...
DATE: Jul 01, 2011
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CATEGORY:
Other
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