76282 results returned for search: "" category "Business"
Butterfield Bank's common shares dropped 29.82 percent (85 cents) to $2 on The Bermuda Stock Exchange (BSX) yesterday.
The bank traded 607,359 shares during the day, while 104 preference shares changed hands, but the price remained unchanged at $200....
DATE: Mar 04, 2010
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Moody's Investors Service has downgraded Butterfield Bank's long-term deposit and debt ratings, following the $550 million capital injection from a group of investors.
Without the infusion of capital, the scale of writedowns of troubled investments "...
DATE: Mar 04, 2010
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AUTHOR:
Jonathan Kent
Bermuda-incorporated RPost has upgraded its email encryption service in a bid to address some key issues raised by a poll of companies subject to heightened HIPAA data encryption rules.
RPost officially launched the Registered Email service in Bermud...
DATE: Mar 04, 2010
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Plans for bank deposit insurance scheme may be unveiled by as soon as the end of this year.
Speaking after Butterfield Bank announced a $213 million loss last year, Bermuda Monetary Authority chief executive officer Jeremy Cox said the Authority "rec...
DATE: Mar 04, 2010
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AUTHOR:
Jonathan Kent
PARIS (Reuters) - Insurers face a bill of around 500 million euros ($682 million) following severe weekend storms in parts of western France, the head of French reinsurer Scor told BFM radio on yesterday.
Scor chief executive Denis Kessler said insur...
DATE: Mar 04, 2010
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NEW YORK (Bloomberg) — Bermuda re/insurance rivals Max Capital Group Ltd. and Harbor Point Ltd. have agreed to merge to create a company with $3.5 billion of book value.
The combined company will be called Alterra Capital Holdings Ltd., the firms sai...
DATE: Mar 04, 2010
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The Bermuda International Business Association is changing its name to Business Bermuda after approval from its membership.
The new brand will be unveiled at the organisation's annual general meeting today "to reflect that continued transformation of...
DATE: Mar 04, 2010
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Argus Group Holdings Ltd. saw the value of its substantial stake in Butterfield Bank tumble further yesterday, as Butterfield closed at $2 on the Bermuda Stock Exchange.
Until Tuesday, when it was announced that new investors had bought $550 million ...
DATE: Mar 04, 2010
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AUTHOR:
Jonathan Kent
The Bermuda Government Pension Fund invested $30 million in the Butterfield Bank recapitalisation deal, the Finance Ministry revealed yesterday.
Financial Secretary Donald Scott said the investment represented The investment represented 1.87 percent ...
DATE: Mar 04, 2010
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Net income: $16.7 million compared to $20 million in 2008
Combined ratio: 95.5 percent compared to 97.2 percent in 2008
DATE: Mar 04, 2010
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