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Young Observer

Up close and personal ... with Marquedelle and Juanee

THE BF&M NATIONAL HIGH SCHOOL CHALLENGE UPDATE This year the BF&M National High School Challenge has offered two people an opportunity to fulfil their dreams off camera. Marquedelle Rodriguez and Juanee Scott have taken on the production role of film...
Jan 23, 2014
Other

Atherden and Gilbertson appointed to BCB board

The Bermuda Commercial Bank’s (BCB) Board of Directors announced today that they have appointed two new members — Jeanne Atherden and Alan Gilbertson. In a press release announcing the move, BCB, which focuses on corporate and private wealth clients,...
Jan 23, 2014
International Business

HSBC sells off Jordan banking unit

Global banking giant HSBC is to sell off its $1.2 billion banking operation in Jordan. HSBC Bank Middle East has struck a deal to sell its business in the Middle East state to the Arab Jordan Investment Bank. The Jordanian business was made up of fou...
Jan 21, 2014
Reinsurance

80 travel to Island for Aon Benfield event

Aon Benfield is hosting a thought leadership event at the Fairmont Hamilton Princess this week. Some 80 participants from around the globe have travelled to Bermuda in order to participate in the two day conference. It begins this morning and ends on...
Jan 21, 2014
Reinsurance

Marsh boss Glaser expects price competition to heat up

Marsh and McLennan chief executive officer Dan Glaser says the insurance market is generally softening and he expects price competition to heat up during this year. Speaking with AMBestTV’s Meg Green at the Insurance Information Institute’s Property/...
Jan 17, 2014
Reinsurance

Ironshore offers US companies coverage for overseas risks

The US Specialty Casualty unit of Bermuda-based insurer Ironshore is offering a coverage solution for US-based companies with overseas operational risk exposure. Ironshore International Connect says it will simplify the process for US companies to ob...
Jan 16, 2014
Reinsurance

Ace buys 61% stake in Thai insurer

Global insurer Ace has spent $185 million to buy nearly two-thirds of a Thai insurance company. And Ace, which has a major office in Hamilton, is lining up a bid for the rest of the company later in the year. Ace took a 60.9 percent share of Siam Com...
Jan 15, 2014
Local Business

Bank criticised for travellers’ cheques ban

A bank ban on US travellers’ cheques and money orders was yesterday blasted by the boss of an tourist booking service. And Fiona Campbell, owner of Bermuda Acommodations, said the move could damage the Island’s already struggling visitor industry. Ms...
Jan 14, 2014
Reinsurance

AIG boss named Insurance Leader of the Year

American International Group CEO Robert Benmosche has been named Insurance Leader of the Year by St John’s University’s School of Risk Management (SRM). Mr Benmosche will be honoured at a dinner on Wednesday at 6pm at the Marriott Marquis in New York...
Jan 14, 2014
Local Business

Butterfield buys Guernsey trust business

Butterfield Bank has bought over a multibillion dollar trust and corporate services business in Guernsey — its first buy since the global financial crisis started to bite in 2007. The Bermuda bank has agreed terms with Legis Group Holdings and is exp...
Jan 13, 2014
Other

Multi-billion dollar wealth manager gets new name

A Bermuda-based company has changed the name of a multi-billion dollar London subsidiary. Somers Ltd — itself formerly known as Bermuda National Ltd, owner of the Bermuda Commercial Bank — announced its JO Hambro Investments Management, which has $7 ...
Jan 13, 2014
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