76350 results returned for search: "" category "Business"
The Fairmont Hamilton Princess has been awarded a top honour from among 56 Fairmont hotels for its innovative Bermudian Ambassador Training Programme.
The hotel's global parent company, Fairmont Hotels & Resorts, announced that the 124-year-old Bermu...
DATE: Mar 20, 2009
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LONDON (Bloomberg) — Old Mutual Plc, South Africa's biggest insurer, is closing its Bermuda-based US life-insurance unit to new customers to control potential liabilities and cut costs.
Old Mutual Bermuda, which has "significant" excess capital above...
DATE: Mar 19, 2009
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LONDON (Reuters) - A $100 million catastrophe bond, issued by Ajax Re and sponsored by Bermuda-based Aspen Insurance Holdings, remains at risk of default in spite of the timely payment of interest that fell due on Monday, credit rating agency Standar...
DATE: Mar 19, 2009
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Jobs will be cut at Bermuda Telephone Company Ltd. (BTC) due to the current economic downturn and increased competition, The Royal Gazette can reveal.
Francis Mussenden, president and CEO of BTC, told the paper that the telecommunications company wou...
DATE: Mar 19, 2009
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Ratings agency Moody's has put Butterfield Bank's bank financial strength and long-term debt ratings on review for possible downgrade.
Moody's said the move was prompted by its earlier decision, announced on Monday, to put the Government of Bermuda o...
DATE: Mar 19, 2009
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AUTHOR:
Jonathan Kent
Retail sales volume fell by 4.3 percent for January 2009, continuing a nine-month stretch of declines, according to the latest figures released by Government.
The Department of Statistics Retail sales Index revealed that the volume of sales, after ad...
DATE: Mar 19, 2009
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Shadow Finance Minister Bob Richards says Government is "way too casual" about the need to make Bermuda's case as an insurance centre, amid rising rhetoric directed at offshore financial centres.
The United Bermuda Party MP's comments came after the ...
DATE: Mar 19, 2009
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AUTHOR:
Jonathan Kent
TORONTO (Reuters) - Toronto's main stock index closed higher yesterday for a seventh straight session after a surprise move by the US Federal Reserve to revive the battered US economy bolstered investor confidence.
The US central bank said it would s...
DATE: Mar 19, 2009
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HAMILTON, Bermuda (AP) - Reinsurance provider PartnerRe Ltd. said on Monday it completed its tender offer to buy $250 million of 6.44 percent junior subordinated notes due 2066, and will buy about 75 percent worth of those notes.
PartnerRe said the d...
DATE: Mar 19, 2009
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Finance Minister Paula Cox looked to differentiate Bermuda from more secretive low-tax jurisdictions yesterday, when she argued that the Island was no "Johnny come lately" amid a widening move towards tax information exchange agreements (TIEAs) betwe...
DATE: Mar 19, 2009
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AUTHOR:
Jonathan Kent
