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Financial and business service

Local Business

"LEGALLY SPEAKING: Minimise stamp duty with proper estate planning"

People are very careful about managing their money during their lifetime; how it is spent, what deductions are made, how it can be invested, and how it can be saved. But it’s also important to think about how your assets will be managed after death ...
Apr 04, 2013
Reinsurance

"Willis Re: Cat bonds a threat to reinsurers"

Traditional reinsurers are facing challenges to their profit margins as capital flows into the market from a variety of sources, including catastrophe bonds, according to Willis Re, the reinsurance arm of Willis Group Holdings. And many reinsurers s...
Apr 04, 2013
Local Business

"First Atlantic Commerce launches new website"

Bermuda-based online payment provider First Atlantic Commerce (FAC) has launched its new website. The newly designed site, www.firstatlanticcommerce.com, went live last week and offers visitors a sleek new look and simple navigation features. FAC’s...
Apr 03, 2013
Local Business

"BCB launches new website"

Bermuda Commercial Bank Limited (BCB) has launched its newly redesigned website. Creating a new look and improving functionality, the BCB website showcases its products, services and company news while looking to improve the user’s overall online ex...
Apr 03, 2013
Reinsurance

"BSX gives listing approval to Everglades Re 2013 cat bond deal"

The Bermuda Stock Exchange has added another feather to its insurance-linked securities cap by giving listing approval to a new $250-million catastrophe bond deal. Bermuda-based specialty purpose insurer Everglades Re 2013 is the vehicle for the sing...
Apr 03, 2013
International Business

"London no longer most appealing city for insurers, study finds"

London has held onto its position as the world’s leading financial centre, but not when it comes to insurance. According to the Global Financial Centres Index 2013 (GFCI 13), New York has taken over the top spot as the most attractive city for insur...
Apr 02, 2013
Reinsurance

"Hiscox Bermuda expands US prop-cat team"

Hiscox Bermuda has expanded its US property catastrophe team with the appointment of Bill Lazzaro as vice president — Underwriting. Reporting to Bevis Tetlow, senior vice president at Hiscox Bermuda, Mr Lazzaro joins from Aon Benfield where he held a...
Apr 01, 2013
Personal Finance

"Investment themes for the new millennium "

With stock market indices pushing new highs, the investment community has become somewhat divided over exactly where we go from here. For one thing, what makes this bull market rather different from those of past eras is the sheer breadth of the rise...
Mar 30, 2013
Opinion Writer

"The pondstraddlers dilemma"

Illuminating the challenging choices investors, foreign property owners, and pondstraddlers make when crossing borders. A pondstraddler is a person with multiple citizenships who has a foot in more than one country across the North Atlantic pond and...
Mar 30, 2013
Personal Finance

"The danger of investing in political footballs"

One of the tips in my best-selling investing guide, 101 Ways to Pick Stock Market Winners, is never invest in political footballs. I go on to say politicians think nothing of crushing companies, or for that matter, industries, regions or even states....
Mar 30, 2013
Personal Finance

"Mother-in-law has serious credit card problem"

Dear Dave, My mother-in-law has a serious credit card problem. She can’t afford stuff, but she shops anyway, acquires more and more credit and thinks she’ll pay for it all later somehow. Her husband has bailed her out a few times, but he’s unwilling ...
Mar 30, 2013
Other

"Trainee mariner to serve on huge tanker with fellow Bermudian"

Apprentice mariner Joshua Powell is off to sea — thanks to a private sector partnership with Government. A cadet trainee radio operator, Mr Powell joins another 20-year-old Bermudian, Vernon Harrison, already aboard the tanker Golar Grand. Shipping b...
Mar 28, 2013
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