Topic – The Royal Gazette | Bermuda News, Business, Sports, Events, & Community

Local Business

"Freisenbruch-Meyer plans expansion and commits to keep staff through tough times"

As the Island is faced with mounting job losses, one company remains bullish on Bermuda and says it’s made a commitment to its employees to keep them on through the tough times. Freisenbruch-Meyer Group is also planning to expand, after finally winni...

Oct 07, 2011

Reinsurance

"RAM Holdings post $1.5m loss"

Bermuda-based RAM Holdings Ltd has reported a net loss of $1.5 million or six cents per share for the second quarter of 2011. This compares to a profit of $26.3 million or $1 per share for the same period in 2010. Net income for the first six months ...

Oct 06, 2011

Other

"Butterfield Fulcrum branches out to Luxembourg"

Bermuda-based Butterfield Fulcrum has teamed up with Luxembourg Investment Solutions SA (LIS), a regulated (UCITS-licensed) management company, to provide a complete suite of management company and fund administration services in Luxembourg. The str...

Oct 04, 2011

Other

"Euromoney: Bermuda is safest financial haven in Caribbean region"

By Marina Mello Bermuda is the safest place to put your money in the Caribbean region, according to the latest survey released by Euromoney. Cuba, followed by Antigua, are the worst. The European magazine said Bermuda’s political risk score is now hi...

Oct 03, 2011

Bermuda Stock Exchange

"Butterfield leads BSX rise"

Butterfield Bank shares rose more than four percent last week to lead The Royal Gazette / Bermuda Stock Exchange (BSX) Index to a 10-point rise. The bank gained six cents, or 4.37 percent, to close the week on $1.43, as more than 15,000 shares change...

Oct 03, 2011

Opinion Writer

"US crackdown could threaten Americans' tax break on foreign earned income"

Impending United States Tax Legislation that directly affect Americans outside the United States may be placing the Foreign Earned Income Exclusion (FEIE Section 911 of US Internal Revenue Code) that has assisted in minimising the double taxation imp...

Oct 01, 2011

Bermuda Stock Exchange

"BSX unchanged in moderate trading"

The Royal Gazette/Bermuda Stock Exchange Index remained unchanged yesterday at 1,188.53. The Index traded 909 shares worth $9,566.50 during the day. Bermuda Commercial Bank saw 694 shares change hands, but its share price held firm at $12.45. Kentuck...

Sep 30, 2011

Reinsurance

"Eisenson replaces Dwyer on Montpelier board"

Montpelier Re Holdings Ltd has announced that Clement Dwyer has resigned from the company’s board of directors, effective from September 30, 2011. Mr Dwyer has served on the board since 2006. Michael Eisenson has been appointed as his replacement, e...

Sep 29, 2011

International Business

"Bermuda group flies the flag at Chicago captive conference"

Bermuda’s business leaders were out in force at the Captive Live USA conference held in Chicago this week. The event, which was sponsored by Business Bermuda and ran from Monday to Tuesday, was attended by Shelby Weldon, director of insurance licensi...

Sep 29, 2011

Other

"Reclassification deadline looms for long-term insurers"

The Bermuda Monetary Authority (BMA) has reminded long-term insurers that the deadline to send in their applications for reclassification under new registration requirements is fast-approaching. In order to comply with the Insurance Amendment (No.3) ...

Sep 29, 2011

Other

"Cunard Lines eyes Bermuda registration"

One of the world’s oldest shipping lines could start flying Bermuda’s flag if Cunard makes good on “tentative enquiries” to register its ships here. Hoping to cash in on sea weddings, the UK-registered company wants its guests to be able to marry in ...

Sep 29, 2011

Other

"Cunard could register in Bermuda - to let couples say I do at sea"

Luxury cruise ship operator, Cunard, could be about to register its ships in Bermuda - all so people can get married at sea, according a UK website. CruiseCritic.co.uk says that “speculation has been widespread in the British media that Cunard could ...

Sep 28, 2011

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Financial and business service

"Freisenbruch-Meyer plans expansion and commits to keep staff through tough times"

"RAM Holdings post $1.5m loss"

"Butterfield Fulcrum branches out to Luxembourg"

"Euromoney: Bermuda is safest financial haven in Caribbean region"

"Butterfield leads BSX rise"

"US crackdown could threaten Americans' tax break on foreign earned income"

"BSX unchanged in moderate trading"

"Eisenson replaces Dwyer on Montpelier board"

"Bermuda group flies the flag at Chicago captive conference"

"Reclassification deadline looms for long-term insurers"

"Cunard Lines eyes Bermuda registration"

"Cunard could register in Bermuda - to let couples say I do at sea"