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"‘Whistle-blowers’ protected under new legislation"

New legislation designed to protect employees who are ‘whistle-blowers’ became operative on 21 October, 2011. The Good Governance Act 2011 (“the Act”) provides that a ‘whistle-blower’ a person who tells the public or someone in authority about allege...
Nov 14, 2011
Other

"BPO launches marketing campaign"

Bermuda Post Office has launched a marketing campaign encouraging residents to send overseas purchases home via the mail, using language previously denounced by the Progressive Labour Party. Flyers have been sent to homes across the Island advising p...
Nov 12, 2011
Opinion Writer

"To buy or not to buy property in Bermuda: what to consider"

Most Bermudian residents have always had a culturally induced compulsion to acquire real estate, with many of us devoting our entire lives to the purchase, renovation, upgrading and financing of this most cherished asset. There is nothing quite like...
Nov 12, 2011
Personal Finance

"College degree ‘less likely’ to guarantee high wage"

NEW YORK (Bloomberg) Many parents in the US are legitimately concerned about the prospects for their college-age children. After all, today’s students face three overlapping challenges: a long-term structural shift as the world’s effective labour su...
Nov 12, 2011
Reinsurance

"Dupplin: Neal bill would hit the US consumer in the pocket"

If legislation to increase the US tax burden on Bermuda reinsurers were to pass, American consumers would end up paying more for insurance. That is the view of Hiscox Bermuda CEO Charles Dupplin, who said yesterday that with the ever-increasing press...
Nov 10, 2011
Reinsurance

"Byrne: Traditional reinsurance model is broken"

Reinsurers may increasingly invest with other people’s capital rather than their own, according to industry experts. Multiple pressures on traditionally structured reinsurance companies, from investors, ratings agencies and regulators, is likely to l...
Nov 10, 2011
Reinsurance

"US collateral hurdles set to be lowered for Bermuda reinsurers"

The barriers for Bermuda reinsurers doing business in the US are set to be lowered after regulators recommended a reduction of collateral requirements. The National Association of Insurance Commissioners (NAIC) approved the change that will significa...
Nov 09, 2011
Reinsurance

"Butt: Bermuda is still No 1"

Bermuda still retains and may well be gaining some competitive advantage over its many of its rivals and is now effectively the world’s number one capital centre for wholesale capital for risks within the insurance industry. That is according to Mich...
Nov 09, 2011
Letters to the Editor

"Great customer service"

November 8, 2011 Dear Sir, A couple of weeks ago I went to Bull's Head car wash and as I was getting close to entering the car wash realized that although my mirror (which I had snapped off a few months ago) was glued on, it would likely not survive...
Nov 09, 2011
Reinsurance

"Selb joins XL’s US team"

XL Group’s North America Property and Casualty insurance unit has announced the appointment of Lorraine Seib as president of its excess casualty team. Reporting to Seraina Maag, chief executive of XL’s North America property and casualty insurance gr...
Nov 07, 2011
Reinsurance

"Lancashire pays out a special dividend of $124m"

Lancashire Holdings Ltd’s profits after tax dropped 29 percent during the third quarter of 2011 despite beating analysts’ forecasts on the day the company announced a special dividend of $124 million for its shareholders. The company reported net inc...
Nov 07, 2011
Local Business

"MoneyShop opens second store in Hamilton"

MoneyShop has launched its second store in Hamilton, offering flight bookings as well as Moneygram services. The new shop, which will be based in Washington Mall, Church Street, also offers US dollar foreign exchange, cheque cashing, visa and UK and ...
Nov 07, 2011
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