76374 results returned for search: "" category "Business"
Bermuda-based Gerova Financial Group’s merger with UK investment bank Seymour Pierce has been called off.
New York-based broker dealer Ticonderoga Securities, which was also planning to join the three-way merger, said it too had terminated discussion...
DATE: Feb 28, 2011
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CATEGORY:
Reinsurance
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Premier Paula Cox said today that the OECD Global Forum in Bermuda this year will provide a shot in the arm for both the Island’s tourism and international business sectors.
The Organisation for Economic Cooperation and Development has sent out offic...
DATE: Feb 28, 2011
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CATEGORY:
Economy
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Bermuda-based re/insurer Arch Capital Group Ltd has added $1 billion to its share repurchase programme.
This will be in addition to the $84.4 million available under a previous share repurchase authorisation.
Arch had $4.91 billion in capital at the ...
DATE: Feb 28, 2011
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CATEGORY:
Reinsurance
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NEW YORK (Bloomberg) Bermuda-based bond insurer Assured Guaranty Ltd, which faces a potential cut in its credit ratings under proposed changes by Standard & Poor’s, said it may sell debt to bolster capital if doing so would prevent a downgrade.
The c...
DATE: Feb 28, 2011
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CATEGORY:
Reinsurance
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UK stockbroker Seymour Pierce on Friday called off its planned merger with Bermuda-based Gerova Financial, the Financial Times reported.
The announcement followed a a dramatic plunge in the US-listed reinsurer’s share price and growing concern abou...
DATE: Feb 26, 2011
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CATEGORY:
Reinsurance
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Bermuda Aviation Services Ltd (BAS) fell 4.7 percent in Bermuda Stock Exchange (BSX) trading yesterday.
BAS slipped 20 cents to close on $4.05 as 1,500 shares traded.
Butterfield Bank was the only other domestic board issuer to trade and remained on ...
DATE: Feb 26, 2011
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CATEGORY:
Bermuda Stock Exchange
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LONDON (Bloomberg) Bermuda-based Seadrill Ltd., the oil rig company controlled by billionaire John Fredriksen, said fourth-quarter net income fell 33 percent on costs for the early conversion of convertible bonds.
Net income after minorities fell to ...
DATE: Feb 25, 2011
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CATEGORY:
International Business
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One hundred thousand Butterfield Bank shares traded yesterday on the Bermuda Stock Exchange (BSX).
The bank, which lost more than $200 million last year, remained unchanged on $1.25.
The bank’s preference shares also traded, rising $10, or 0.8 percen...
DATE: Feb 25, 2011
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CATEGORY:
Bermuda Stock Exchange
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NEW YORK (Bloomberg) Bermuda-based Teekay Corp, owner of vessels that haul oil and liquefied natural gas, reported fourth-quarter profit more than doubled because of gains from interest-rate swaps.
Net income increased to $85.9 million, or $1.16 a sh...
DATE: Feb 25, 2011
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CATEGORY:
International Business
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Bermuda-domiciled wireless services provider Digicel Group said its subscriber numbers increased to 11.5 million last year.
That represents a seven percent increase for the group, which operates in 32 markets in the Caribbean, Central America and the...
DATE: Feb 25, 2011
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CATEGORY:
Technology
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