76370 results returned for search: "" category "Business"
Bermuda-based Seadrill has entered into an agreement to sell the newly-built jack-up drilling rig West Juno to an undisclosed buyer incorporated in UK for $248.5 million.
Seadrill expects to record a gain on the sale of approximately $18 million on ...
DATE: Apr 14, 2011
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CATEGORY:
International Business
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The Ascendant Group Ltd fell 3.44 percent (50 cents) to $14 on The Bermuda Stock Exchange (BSX) yesterday.
The energy provider traded 6,000 shares during the day.
Butterfield Bank also saw 20,000 shares change hands as its share price rose 0.77 perce...
DATE: Apr 14, 2011
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CATEGORY:
Bermuda Stock Exchange
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Business Bermuda continued its Asian tour at the Shorex Wealth Management Forum held in Singapore this week.
The forum, which address the growing need of the Asian market for private banking, asset management and international tax planning solutions ...
DATE: Apr 14, 2011
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CATEGORY:
International Business
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WASHINGTON (Bloomberg) Insurance companies are fighting the legacy of American International Group Inc as they seek to avoid being branded systemically risky and the extra supervision that comes with that designation.
Lobbyists representing Prudentia...
DATE: Apr 14, 2011
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CATEGORY:
Reinsurance
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Spanish fashion brand Mango has opened an outlet in Bermuda, inside the Gibbons Company department store.
The fast-growing chain opened more than one store per day around the world last year, seven in Spain and 373 elsewhere and recorded sales (exclu...
DATE: Apr 14, 2011
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CATEGORY:
Local Business
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BF&M Ltd rose 3.44 percent (50 cents) on The Bermuda Stock Exchange (BSX) yesterday.
The insurer traded 3,300 shares to close at $15.
Butterfield Bank also saw 22,900 shares change hands, but its share price remained unchanged at $1.29.
The Index, as...
DATE: Apr 13, 2011
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CATEGORY:
Bermuda Stock Exchange
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Everest Re Group Ltd last night announced it expects to take a $320 million hit from last month’s earthquake and tsunami in Japan.
Fellow Bermuda re/insurer Aspen Insurance Holdings Ltd also declared an estimated loss of $160 million from the event, ...
DATE: Apr 13, 2011
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CATEGORY:
Reinsurance
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Business Bermuda successfully concluded its Annual Bermuda Financial Services Conference at The Singapore Cricket Club this week.
The conference was attended by more than 150 leading lawyers, accountants and financial services executives.
The event ...
DATE: Apr 13, 2011
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CATEGORY:
Other
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AM Best has assigned a rating of A- (Excellent) for financial strength and an issuer credit rating of “a-” to Ironshore Europe Ltd, domiciled in Dublin, Ireland. The assigned ratings reflect Ironshore Europe’s strong risk-adjusted capitalisation and ...
DATE: Apr 13, 2011
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CATEGORY:
Reinsurance
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Ariel Reinsurance Company Ltd has been affirmed the financial strength rating (FSR) of A- (excellent) and issuer credit rating (ICR) of “a-” by AM Best Co.
Additionally Best has affirmed the ICR of “bbb-” of Ariel Holdings Ltd. The outlook for all ra...
DATE: Apr 13, 2011
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CATEGORY:
Reinsurance
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