77160 results returned for search: "" category "Business"
The Royal Gazette / Bermuda Stock Exchange was unmoved on 1,179.91 points on a day of quiet pre-holiday trading on Monday.
No domestic board companies saw their share prices change value.
Only Ascendant Group Ltd, the owner of electricity provider Be...
DATE: May 25, 2011
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CATEGORY:
Bermuda Stock Exchange
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RenaissanceRe CEO Neill Currie said his award as the Bermuda Insurance Institute’s (BII) Industry Leader of the Year was a validation of his company’s track record of success more than his own.
Mr Currie was one of four individuals to be honoured by ...
DATE: May 25, 2011
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CATEGORY:
Reinsurance
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The recession has taken its toll on businesses across Bermuda in recent months, but for one new cleaning company it has provided the perfect opportunity to find a niche in the market.
The Cleaning Company Ltd, which was started by chief operations of...
DATE: May 25, 2011
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CATEGORY:
Other
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Six insurance-focued undergraduates started the three-week Intro-to-Insurance Summer Intern Programme run by the Bermuda Foundation for Insurance Studies (BFIS) on Monday.
The programme, now in its 10th year, is run in partnership with the Katie Sch...
DATE: May 25, 2011
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CATEGORY:
Reinsurance
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Fitch Ratings has affirmed Butterfield Bank’s credit ratings and raised its individual rating to reflect its improved financial position.
But the credit ratings agency remains concerned about the bank’s “weak profitability” in the short term.
Fitch s...
DATE: May 25, 2011
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CATEGORY:
Other
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Bermuda-based Lancashire Holdings Ltd has announced the launch of Accordion Reinsurance Ltd, a fully collateralised sidecar quota share reinsurance arrangement with a capital draw-down feature.
Accordion will be flexibly capitalised for up to $250 mi...
DATE: May 24, 2011
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CATEGORY:
Reinsurance
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HSBC Bank Bermuda has released a statement saying it does not condone tax evasion after a Boston bank director was charged with failing to report a Bermuda account he held with the bank to US authorities.
Michael Schiavo, a managing director at SCG ...
DATE: May 24, 2011
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CATEGORY:
International Business
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Premier and Finance Minister Paula Cox has tabled a bill to strive for greater tax transparency as set out by the Organisation of Economic Co-operation and Development (OECD) in advance of next week’s OECD Global Forum.
The Specified Business Legisla...
DATE: May 24, 2011
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CATEGORY:
International Business
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Butterfield Bank has received a boost from ratings agency Fitch which has affirmed some of its ratings and raised others.
Fitch said Butterfield's long-term Issuer Default Rating (IDR) had been affirmed at ‘A-' and its short-term IDR at ‘F1' and the...
DATE: May 24, 2011
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CATEGORY:
International Business
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Bermuda Gas claims to be the first company on the Island to convert its fleet to propane-injection powered vehicles.
The firm invited Jeremy Stanford and Gary Shepherd of Stanford LP Gas Inc of Michigan over last week to install and train its staff o...
DATE: May 24, 2011
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CATEGORY:
Other
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