49296 results returned for search: "" category ("Other" AND "Business")
Asset managers facing regulatory and compliance challenges should view the flood of regulation as an opportunity to enhance their company’s operational structure and provide a strategic advantage in a competitive market.
That’s the belief of PWC Berm...
DATE: Apr 30, 2015
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CATEGORY:
Other
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Standard & Poor’s Rating Services has downgraded Butterfield Bank as a direct result of the Bermuda Government’s credit rating downgrade earlier this week.
But even as it cut Butterfield’s long-term issuer credit rating to BBB from BBB+, the rating a...
DATE: Apr 30, 2015
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Insurance and reinsurance firm Validus yesterday reported $173.4 million in profits for the first quarter of the year.
That is equivalent to $1.98 per share, compared to $162.4 million, or $1.66 per share, for the first three months of 2014.
Validus ...
DATE: Apr 30, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda’s credit rating took a hit yesterday after analysts lowered the Island’s ratings.
Ratings agency Standard & Poors (S&P) reduced Bermuda’s long term issuer credit and senior unsecured debt ratings to A+ from AA-, and said continued weak econom...
DATE: Apr 29, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
America’s Cup chiefs are banking on Butterfield to provide financial smooth sailing.
For the Bank of Butterfield has been named the official bank of the America’s Cup.
The news means the bank will provide all banking services to the America’s Cup Eve...
DATE: Apr 29, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda has boosted its laws on trust in a bid to make the Island a more attractive destination for business, Premier Michael Dunkley said yesterday.
Mr Dunkley told delegates at the Transcontinental Trusts Bermuda Forum that the Island welcomed the ...
DATE: Apr 28, 2015
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A Bermuda roadshow aimed at highlighting the advantages of setting up captive insurance companies is to visit two Canadian cities next week.
And it is hoped the trip will bring new jobs to the Island.
The Bermuda Development Agency (BDA) tour — takin...
DATE: Apr 28, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
A Bermuda law firm is to change its name to BeesMont.
ISIS Law, set up in 2008, made the switch after the same initials were later used to identify the terror group Islamic State in Iraq and Syria (ISIS).
The new name is a combination of the founders...
DATE: Apr 28, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
News that the fifth-biggest bank in Canada is to end its ownership stake in Butterfield Bank has been characterised as “a real a show of independence and strength” for the Island institution by Butterfield CEO Brendan McDonagh.
“Butterfield Bank is r...
DATE: Apr 28, 2015
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CATEGORY:
Other
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AUTHOR:
Scott Neil
A Bermudian spa is to take over operations at the Newstead Belmont Hills in a move that could create up to eight new jobs.
Three Graces Spa, owned by Roderick and Aisha Spencer, is working to revamp the spa at the Paget hotel. The firm already operat...
DATE: Apr 28, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
