76369 results returned for search: "" category "Business"
Bermuda Commercial Bank yesterday announced a $1.35 million net profit for the six months through March 2011, as revenues more than doubled and client deposits rose by almost one third.
The bank is going through a period of rejuvenation under new own...
DATE: May 13, 2011
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CATEGORY:
Economy
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The Ascendant Group Ltd traded 27,100 on The Bermuda Stock Exchange (BSX) yesterday.
But the energy company’s stock price held firm at $14.15.
Butterfield Bank also saw 7,300 shares change hands, however, its share value also remained unchanged at $1...
DATE: May 12, 2011
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CATEGORY:
Bermuda Stock Exchange
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The parent company of the New York Times which this week ran a page one story critical of “Bermuda-style financial wizardry” practised by corporations owning captive insurance companies in the US has a captive of its own, it emerged yesterday.
The re...
DATE: May 12, 2011
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CATEGORY:
International Business
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May 11 (Bloomberg) -- The U.S. Attorney called the Wall Street trader a participant in the most widespread instance of "systemic corruption" the government had investigated.
The comments by Rudolph Giuliani's office came in the 1987 sentencing of Iva...
DATE: May 12, 2011
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CATEGORY:
Other
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Three new insurers were registered last month, bringing the total number of new incorporations for the first four months of the year to ten.
In a statement yesterday, regulator the Bermuda Monetary Authority said that Class 3 insurer Aeolus Re Ltd, c...
DATE: May 12, 2011
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CATEGORY:
Reinsurance
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The Ascendant Group Ltd’s consolidated net earnings dropped almost $3 million during 2010 as subsidiary Belco incurred $1.2 million in lost sales and restoration costs from the damage caused by Hurricane Igor.
The energy group’s net earnings for last...
DATE: May 12, 2011
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CATEGORY:
Other
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Making the winning bid for a construction job was the main talking point at a seminar held by the Bermuda Small Business Development Corporation (BSBDC) at Pembroke Sunday School yesterday.
The three-hour information packed event was launched by BSB...
DATE: May 12, 2011
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CATEGORY:
Other
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Fitness enthusiasts will be able to enjoy a workout in a relaxed setting overlooking Flatts Harbour following the launch of Bermuda’s newest private personal training and yoga studio.
Flatts Fitness Studio was the brainchild of Tripp West, who with h...
DATE: May 12, 2011
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CATEGORY:
Other
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Aspen Insurance Ltd yesterday became the 12th Bermuda-based reinsurer approved for lower collateral requirements by the state of Florida.
The Florida Office of Insurance Regulation made the announcement yesterday.
The state approves effectively allow...
DATE: May 12, 2011
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CATEGORY:
Reinsurance
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NEW YORK (Bloomberg) Bermuda-based Kosmos Energy Ltd, the oil and natural-gas company owned by Warburg Pincus LLC and Blackstone Group LP, gained 1.3 percent in its first day of trading after raising $594 million in its initial public offering.
The e...
DATE: May 12, 2011
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CATEGORY:
International Business
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