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Butterfield Bank rallied yesterday to a $0.15 gain (1.27 percent) after more than a week of decline. BNTB shares closed at $11.95 after 55,621 were traded.
Belco fared less well, however, falling another 4.47 percent yesterday to close at $16, down $...
DATE: Oct 10, 2008
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The future of Bermuda's insurance industry was showcased at the Bermuda Insurance Institute (BII) Education Awards lunch 2008 held at the Fairmont Hamilton Princess yesterday.
A total of 126 students achieved 132 qualifications in 16 different areas ...
DATE: Oct 10, 2008
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HOLD UNTIL PIC IS READY
Strands Skin Spa and Health Salon is celebrating its 30th anniversary this year.
Since its inception in December 1978, the hair and beauty salon has relocated from Bermudiana Road to Reid Street and grown from five to 35 emplo...
DATE: Oct 10, 2008
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NEW YORK (Bloomberg) — Ace Ltd., the insurer that moved its headquarters to Zurich from Bermuda, said third-quarter earnings fell and the value of investments declined by $1.5 billion.
Operating income, which excludes losses on holdings, was $1.44 to...
DATE: Oct 10, 2008
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TORONTO, (Reuters) - The main index of the Toronto Stock Exchange plunged almost 5 percent yesterday as mounting gloom over the state of the economy and the US financial sector sent investors fleeing the market in a broad rout.
The financial sector w...
DATE: Oct 10, 2008
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Shares of troubled Bermuda insurance giant XL Capital shot up 38 percent in early trading today after the company revealed third-quarter investment losses could top $1 billion.
In a statement issued this morning, the company estimated that its book v...
DATE: Oct 10, 2008
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AUTHOR:
Jonathan Kent
Upstart jurisdictions hoping to draw international business away from Bermuda can expect a tough fight, industry groups said this week.
The British Crown dependency of Guernsey is the latest to set its sights on Bermuda's reinsurance market and will ...
DATE: Oct 10, 2008
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Haven't we seen this movie before? Central bank runs easy monetary policy.
Easy money inflates asset bubble.
Central bank tightens monetary policy.
Asset bubble bursts.
Central bank runs easy monetary policy to offset effects of burst bubble.
Easy mo...
DATE: Oct 10, 2008
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NEW YORK (Bloomberg) — Bermuda-based Primus Guaranty Ltd., which manages $24.2 billion in credit-default swaps, said it expects to make payments on $68.2 million in guarantees on Kaupthing Bank hf bonds after the Icelandic bank was seized by the gove...
DATE: Oct 10, 2008
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NEW YORK (Bloomberg) — Ace Ltd., the insurer that moved its headquarters to Zurich from Bermuda, said third-quarter earnings fell and the value of investments declined by $1.5 billion.
Operating income, which excludes losses on holdings, was $1.44 to...
DATE: Oct 10, 2008
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CATEGORY:
Other
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