76354 results returned for search: "" category "Business"
Butterfield Bank has announced that Victor Dodig has joined its board of directors.
Mr Dodig was nominated for appointment to the board by Canadian Imperial Bank of Commerce (CIBC) to replace John Orr, as one of its two representatives on Butterfield...
DATE: Aug 19, 2011
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CATEGORY:
Other
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Hopes have been raised that Bermuda will be able to secure regulatory equivalency with new European solvency rules for its major commercial re/insurance sector without having to impose the same stricter rules on its captive insurance sector.
Industry...
DATE: Aug 19, 2011
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CATEGORY:
Reinsurance
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Mutual Risk Management plans to “take every step available” to fight a Bermuda Appeal Court judgement against the company.
In a statement yesterday, the company, which is in run off, said it will be appealing to the Privy Council.
Siding with US buil...
DATE: Aug 19, 2011
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CATEGORY:
International Business
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Business Bermuda announced the winners from its 13th Annual College Student Networking Event (CSNE) at a ceremony held yesterday at the Fairmont Hamilton Princess.
This year’s event was the most successful CSNE yet with more than 250 students and 300...
DATE: Aug 19, 2011
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CATEGORY:
Bermuda Works
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As part of a drive to show it’s open for business, fire-hit HWP is offering discounts of $2,000 to $3,000 on its cars and several hundred dollars off motorcycles.
HWP senior vice-president - automotive sales Tony Martin said the company also needs to...
DATE: Aug 19, 2011
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CATEGORY:
Local Business
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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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