49296 results returned for search: "" category ("Other" AND "Business")
The former chairman of drinks giant Bacardi has died, the company announced on Monday.
Manuel Jorge Cutillas, the first chairman of the group of Bacardi firms that formed Bacardi Ltd in 1992, was 81.
Facundo L. Bacardi, the present chairman, said: “...
DATE: Nov 05, 2013
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Willis Capital Markets & Advisory (WCMA), has announced it has structured and placed a $300 million catastrophe bond transaction sponsored by Catlin Insurance Company Ltd and subsidiaries. Catlin Group Limited is a global reinsurer that underwrites a...
DATE: Nov 05, 2013
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CATEGORY:
Other
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Bermuda is expected to fork out more than 60 percent of the costs of the UK’s largest peacetime fire and explosion, Minister of Finance Bob Richards said yesterday.
Bermuda-based firms are likely to be liable for 62 percent of the claims resulting fr...
DATE: Nov 05, 2013
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
A reborn business specialising in bulk buying is doing a roaring trade — thanks to the recession.
Edward Correia and business partner Octavio Mendonca opened A&M Bulk after they bought out the former Fresh N New in Smiths just four months ago.
And Mr...
DATE: Nov 04, 2013
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
A deep-sea treasure-hunting firm part-owned by former Premier David Saul is at the centre of a storm after a US fund manager said it was run to benefit its executives, not its shareholders.
But Odyssey Marine Exploration (OMEX) hit back and branded t...
DATE: Nov 04, 2013
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
IT firm Ignition has appointed a new manager as part of an expansion programme.
Julian Wojtecki has joined the firm’s Bermuda office as managed services account manager.
He said: “I am excited to join the Ignition team. Ignition has distinguished it...
DATE: Nov 01, 2013
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Aspen Insurance Holdings Limited has reported a net profit of $107.4 million, or $1.43 diluted net income per share, for the third quarter of 2013.
In a press release announcing the results, Chris O’Kane, chief executive officer said: “In the third q...
DATE: Nov 01, 2013
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CATEGORY:
Other
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AUTHOR:
Rebecca Zuill
The Bermuda re/insurer said operating income for the quarter was $197 million compared with $201 million for the third quarter of 2012.
Revenues increased to $1.04 billion from $1.02 billion last year. Analysts expected revenues of $707.45 million.
...
DATE: Nov 01, 2013
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CATEGORY:
Other
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All HSBC Visa debit cardholders have a chance to win travel vouchers every time they “buy Bermuda” from now until January 1.
The bank says every HSBC Visa Debit Card transaction for local purchases will earn an entry to a lucky draw.
HSBC is holding...
DATE: Nov 01, 2013
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CATEGORY:
Other
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Shops on Hamilton’s Queen Street are to take part in a Hallowe’en spectacular tonight aimed at children in costume.
The Boo Bash, organised by clothing store Daisy & Mac, will see several retailers open late and hand out candy and gifts to trick or t...
DATE: Nov 01, 2013
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
