75997 results returned for search: "" category "Business"
Bermuda-based Bacardi Ltd. has donated $100,000 in immediate relief to aid victims of the floods that have devastated Australia and Brazil.
The spirits company has given $50,000 to the Premier’s Disaster Relief Appeal fund to provide immediate emerge...
DATE: Feb 03, 2011
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CATEGORY:
International Business
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NEW YORK (Reuters) - Investment bank Lazard Ltd’s fourth-quarter profit beat Wall Street expectations, helped by higher revenue from its asset management division.
Lazard, which struggled when dealmaking dried up during the financial crisis, has been...
DATE: Feb 03, 2011
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CATEGORY:
International Business
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WASHINGTON (Bloomberg) - Federal government action to change the debt-ridden National Flood Insurance Program (NFIP) could create new winners and losers in the $475.2 billion property-and-casualty insurance market.
The US government currently assumes...
DATE: Feb 03, 2011
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CATEGORY:
Reinsurance
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A deposit insurance scheme to protect customers' money in the bank is set to be introduced in 2012, the Bermuda Monetary Authority's (BMA) CEO Jeremy Cox revealed yesterday.
Mr Cox, who was launching the BMA's 2011 business plan to key stakeholders i...
DATE: Feb 03, 2011
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CATEGORY:
Economy
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Bermuda and the Czech Republic negotiators met this week to finalise discussions on a tax information exchange agreement (TIEA) between the two countries.
Premier and Finance Minister Paula Cox said that the text of the agreement now had to be approv...
DATE: Feb 02, 2011
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CATEGORY:
Economy
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Argus Group Holdings Ltd. bounced back from its 25 percent drop on Monday, rising 9.75 percent (40 cents) on The Bermuda Stock Exchange (BSX) yesterday.
The insurer traded 2,600 shares to close at $4.50.
KeyTech Ltd. also climbed 9.9 percent (63 cent...
DATE: Feb 02, 2011
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CATEGORY:
Bermuda Stock Exchange
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Digicel Bermuda has launched a new 3G+ site at Tynes Bay, Devonshire, just one month after launching a 2G site at the same location.
The company said the site provides a stronger 3G+ cellular signal to businesses and residents in the North Shore, Pem...
DATE: Feb 02, 2011
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CATEGORY:
Technology
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Companies want more from their market research data as they battle for market share in this struggling economy.
That is the view of Nosheen Syed, chief executive officer of market research firm Mindmaps, made up of staff who were formerly with Resear...
DATE: Feb 02, 2011
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CATEGORY:
Other
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Ace Ltd. has announced the completion of its acquisition of New York Life’s Korea operations for approximately $75 million in cash.
The original October 2010 purchase agreement with New York Life was amended to allow for separate closings for the Kor...
DATE: Feb 02, 2011
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CATEGORY:
Reinsurance
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Arch Reinsurance Ltd. (Arch) (Bermuda) and its strategic affiliates have had their outlook revised to positive from stable and been affirmed the financial strength rating (FSR) of A (Excellent) and issuer credit ratings (ICR) of “a+” by AM Best Co.
B...
DATE: Feb 02, 2011
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CATEGORY:
Reinsurance
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