76000 results returned for search: "" category "Business"
Freisenbruch-Meyer Group’s philosophy of providing the customer with the best possible service and value really came into its own during one of the toughest economic years in Bermuda’s history.
The local insurer, which celebrated its 30th anniversary...
DATE: Dec 30, 2010
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CATEGORY:
Economy
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Eirik Eide has been appointed as chief financial officer for Bermuda-based Ship Finance Management AS.
Mr Eide, 40, currently serves as head of corporate finance and head of shipping investments in Orkla Finans Kapitalforvaltning AS. He will take up ...
DATE: Dec 30, 2010
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CATEGORY:
International Business
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Ace Ltd has completed its acquisition of Rain and Hail Insurance Service Inc for approximately $1.1 billion in cash, the Swiss-based company announced yesterday.
The purchase price reflects a dollar-for-dollar adjustment as required under the merger ...
DATE: Dec 30, 2010
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CATEGORY:
International Business
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Retailers had mixed feelings about sales in the run-up to Christmas with some seeing an upturn in takings and others continuing to struggle in the current tough economic climate.
Kristi Grayston, chairman of the Bermuda Chamber of Commerce's retail d...
DATE: Dec 30, 2010
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CATEGORY:
Local Business
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Keytech Ltd. dropped 9.14 percent (64 cents) to $6.36 on The Bermuda Stock Exchange (BSX) yesterday.
The utilities company traded 2,400 shares during the day.
The Ascendant Group Ltd. also fell 2.44 percent (36 cents) to $14.39, as 500 shares changed...
DATE: Dec 30, 2010
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CATEGORY:
Bermuda Stock Exchange
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The new Switzerland-based reinsurance company founded by Bermuda-based Catlin Group has been assigned a financial strength rating of A (excellent) by AM Best Europe.
Catlin Re Switzerland Ltd was also given an issuer credit rating (IRA) of “a”.
AM Be...
DATE: Dec 30, 2010
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CATEGORY:
International Business
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The total net asset value of investment funds in Bermuda grew by 1.3 percent or $2.37 billion to$183.61 billion during the third quarter of 2010.
That is according to the Bermuda Monetary Authority’s Regulatory Update for December 2010, which reveale...
DATE: Dec 29, 2010
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CATEGORY:
Other
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A Bermuda-based subsidiary of Doha Bank will be used to issue $500 million of senior debt bonds in the first quarter of 2011, according to Middle East publication AME Info.
The third largest bank in Qatar said in a statement following an Ordinary Gen...
DATE: Dec 29, 2010
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CATEGORY:
Other
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Bermuda-based Chartis has announced that it has entered into a reinsurance transaction with Lodestone Re, which will provide $450 million of protection to Chartis against US hurricanes and earthquakes.
“This represents a substantial increase from the...
DATE: Dec 29, 2010
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CATEGORY:
Other
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Bermuda’s alternative energy industry has really taken off over the past year with a big rise in the number of companies entering the market.
But the one constant has been PureNERGY Renewables, the sister company of Belco, which was formed two years ...
DATE: Dec 29, 2010
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CATEGORY:
Other
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