49296 results returned for search: "" category ("Other" AND "Business")
Bermuda Commercial Bank’s (BCB) rating outlook has been revised to negative from stable by Fitch Ratings over concerns about risks in its investment portfolio and exposure to European markets.
Fitch also affirmed the long and short-term IDRs of the b...
DATE: Dec 21, 2011
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Dozens of policyholders - including many seniors -lined up for hours yesterday at British American Insurance to get long-awaited payouts from the now defunct company.
As they queued, an eight-page detailed letter on the company’s collapse was handed ...
DATE: Dec 20, 2011
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Argus Group Holdings Ltd made a net loss of $3.9 million for the six months ended September 30, 2011, driven by a soured investment in a Bermuda-based reinsurance company, the company announced yesterday.
The insurer said results were impacted by an ...
DATE: Dec 19, 2011
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AUTHOR:
Jonathan Kent
A spike in late or non-payment of taxes by businesses is adding to Government’s revenue shortfall.
Government revealed in its pre-budget report last week that it had made a nearly $50 million allowance for bad debts for fiscal 2010-11 as businesses c...
DATE: Dec 19, 2011
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Bermuda-based Omega Insurance Holdings Ltd says its board wants no further deal discussions with suitor Haverford Bermuda Ltd after it rejected a new offer from Mark Byrne's company for a 25 percent stake in Omega.
Omega said it also disputed Haverfo...
DATE: Dec 16, 2011
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BF&M Ltd has upgraded its data management system with the addition of a new application from global open source software provider Talend.
The local insurer added Talend ESB Enterprise Edition to its portfolio of Talend integration solutions, using Ta...
DATE: Dec 16, 2011
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Bermuda-based Revelation Capital Management Ltd (formerly Osmium Capital) has announced a series of new appointments to its team.
The company has appointed Constantin Lykham as senior portfolio manager, bring a wealth of experience in arbitrage.
Mr L...
DATE: Dec 16, 2011
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The Supreme Court has allowed Digicel to again offer its controversial long distance service but the company said yesterday it will hold off on relaunching it until it meets with Government officials.
“At the moment we wish to consult with the Govern...
DATE: Dec 16, 2011
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LOM (Holdings) Ltd has deferred its dividend payment to its shareholders, the company announced in a filing to the Bermuda Stock Exchange yesterday.
The company decided at a board of directors meeting on December 6 to hold the payment until a future ...
DATE: Dec 16, 2011
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Butterfield Bank has been affirmed a long-term credit rating of A- and a short-term customer deposit rating of A-2 by ratings agency Standard & Poor’s (S&P).
S&P also increased the rating of the bank’s preferred shares to BBB.
Brad Kopp, Butterfield’...
DATE: Dec 15, 2011
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