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International Business

"Catlin: Rates should climb in steady way"

Global re/insurance rates should be increased in a “measured” way over the next six months to avoid any kneejerk reaction in the market. That is according to Catlin Group CEO Stephen Catlin who said that rises in “the order of 10 to 25 percent, depen...
Apr 05, 2011
Economy

"Global Finance names HSBC as Bermuda’s best bank"

HSBC Bank Bermuda has been named the Best Bank in Bermuda for 2011 by Global Finance magazine. The bank was recognised for carefully attending to their customers’ needs in difficult markets and accomplishing better results while laying the foundation...
Apr 05, 2011
Other

"Inflation hits 3.2% in February"

The inflation rate rose to 3.2 percent in February - its highest level since September - according to Government figures released on Friday. As measured by the increase in prices in the basket of goods and services used for the Consumer Price Index (...
Apr 04, 2011
Other

"AS cooper goes live with new POS systems"

Retailer AS Cooper & Sons will go live today with its new point-of-sale (POS) systems acquired through the BCS-IBM Bermuda Agency. The new POS systems, which were subject to the Ministry of Finance’s duty relief concession for retail renovations, ar...
Apr 04, 2011
Other

"XL Group opens new Chinese subsidiary"

XL Group plc’s new property and casualty subsidiary in Shanghai, China, opened for business last Friday. XL Insurance (China) Company Ltd offers products and services in Property, Casualty, Specialty and Professional Lines and is led by Zheqiang (Al...
Apr 04, 2011
Other

"Bda Motors and Butterfield offer deals on new cars"

Bermuda Motors is partnering with Butterfield Bank in a special three-month promotion offering significant savings and rewards for consumers when they purchase a new car. During the “Drive A Great Deal” promotion from April 1 through June 30, 2011, B...
Apr 04, 2011
Other

"S.H.Y Architecture closes for business"

S.H.Y Architecture has closed its doors for business for the last time with a new interior design company being set up. It is believed that 25 employees worked at S.H.Y and were affected by the closure. In an email to clients, Darcy Robertson, desig...
Apr 04, 2011
Bermuda Stock Exchange

"Argus rises 15.7%"

Argus Group Holdings Ltd rose 15.7 percent (65 cents) to $4.80 on The Bermuda Stock Exchange (BSX) last week. The insurer traded 10,000 shares during the week. Bermuda Commercial Bank Ltd also climbed 7.5 percent (75 cents) to $10.75 with 2,000 share...
Apr 04, 2011
Court

"Driving bans and fines for four impaired drivers"

Four men who admitted in Magistrates’ Court to driving while impaired have been banned from the roads. Crown counsel Takiyah Burgess told the court that Darren Edwards, 44, of Beulah Lane, Sandys, was stopped by police on Crow Lane at 12.20am, on Mar...
Apr 04, 2011
Health

"Bus drivers take part in department’s first wellness day"

Bus drivers got the chance to move from behind their steering wheels and stretch their legs at their very own health day. The Department of Public Transportation (DPT) hosted its first ever wellness day last week to promote the importance of healthy...
Apr 04, 2011
Other

"Senior positions in the Civil Service shuffled"

Government has announced a reshuffle of senior positions within the Civil Service, with the aim to “streamline efficiency” . The changes took effect on April 1. A Cabinet Office spokeswoman said: “Oversight of the Government quangos the Bermuda Land ...
Apr 04, 2011
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