RSSCategory: Business

Andrea Haffar ‘Captivated’ By Hotel Industry

Andrea Haffar ‘Captivated’ By Hotel Industry

Andrea Haffar didn’t originally set out to work in the hospitality industry. But three years after graduating from university, while on the hunt for the best growth opportunities in her field of human resources, she just so happened to find work in a local hotel. It soon proved to be a perfect fit. “Once I came into the hotel industry I was captivated,”... Read more of this article

Column: What Happened Between 2006 – 2016?

Column: What Happened Between 2006 – 2016?

[Opinion column written by Larry Burchall] To get the maximum value from your next few minutes of reading, do not – I stress – do not mentally insert or allow the entry into your mind of any of these acronyms or words: OBA, PLP, BDA, UBP, NLP, black, white. Keep all those words and acronyms out of your mind. If you can do that, you will be able... Read more of this article

Xtreme Sports Games To Be Held On April 1

Xtreme Sports Games To Be Held On April 1

The second Xtreme Sports Games is set to be held on April 1, featuring 20 companies, 10 events, and a minimum of 200 participants, building on last year’s event that featured 16 companies, eight events, and 160 participants. This year’s event will be held at the National Sports Centre’s North Field, from 11.00am to 6.00pm, hosted by Bermemes... Read more of this article

XL Catlin Tops Advisen’s Pacesetters Index

XL Catlin Tops Advisen’s Pacesetters Index

XL Catlin has earned the top spot on Advisen’s Annual Pacesetter Index for its work in insurance innovation, having introduced 33 new property, casualty, professional or specialty insurance coverages, risk management services or coverage enhancements in 2016. Greg Hendrick, XL Catlin’s President, Global Property & Casualty noted, “We have... Read more of this article

Bermuda Stock Exchange Report: Jan 18 2017

Bermuda Stock Exchange Report: Jan 18 2017

January 18 saw 3,424 shares trade on the Bermuda Stock Exchange, valued at $106,767.00 BD. 3,325 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $31.50 per share, while another 99 shares were traded by BF&M Ltd, closing even at $20.50 per share. The BSX finished at 1,937.96, even on the day. There were 0 advances, 0 declines,... Read more of this article

Butterfield Wind Down London Private Banking

Butterfield Wind Down London Private Banking

The Bank of N.T. Butterfield has completed the orderly wind-down of its London-based private banking business and has fully discontinued its deposit-taking and investment management services in the UK. Butterfield will continue to provide a high net worth residential mortgage service in London through its UK subsidiary, which has changed its name from... Read more of this article

Clarien Bank Wins Wealth Management Award

Clarien Bank Wins Wealth Management Award

Clarien Bank has been named Best Wealth Management Provider, Bermuda by World Finance magazine. The Wealth Management Awards 2016 were announced in the January-February 2017 issue of the prestigious and influential global publication. Clarien was one of 40 financial institutions across the world to be honoured. In announcing the awards, the magazine... Read more of this article

PwC: CEO Confidence Rises Despite New Risks

PwC: CEO Confidence Rises Despite New Risks

While CEOs around the world feel they have plenty to worry about in the year ahead, their confidence in their own growth prospects and their outlook for the global economy are back on the rise. In PwC’s 20th CEO Survey, 38% [2016: 35%] are very confident about their company’s growth prospects in the next 12 months while 29% [2016:27%] believe global... Read more of this article

Advanced Services Finds Home At Connectech

Advanced Services Finds Home At Connectech

Connectech has welcomed Advanced Services to the Connectech community. Operated by husband and wife team George and Ritu Botelho, Advanced Services has been providing web development and hosting, graphic design and online marketing services since 2008. Until last fall, the couple based their business out of a home office, But the arrival of a second... Read more of this article

XL Catlin Appoints Dr. Karna: Chief Data Officer

XL Catlin Appoints Dr. Karna: Chief Data Officer

XL Catlin announced today [Jan 17] the appointment of Dr. Henna A. Karna as Chief Data Officer. Dr. Karna, who will start with the Company later this month and report to XL’s Chief Platform Officer, Myron Hendry, has more than 20 years of experience in leading data-driven, digital innovation and positive disruption within the insurance industry. Dr.... Read more of this article

Argo Preliminary Loss Estimates: $20/25 Million

Argo Preliminary Loss Estimates: $20/25 Million

Bermuda-based Argo Group International Holdings announced preliminary pre-tax loss estimates from catastrophes of $20-25 million, net of reinsurance and reinstatement premiums for the three-month period ended December 31, 2016. Catastrophe losses in the quarter are primarily related to Hurricane Matthew and other events, including the New Zealand earthquake... Read more of this article

Fitch: ‘Significant Element’ Of EU-US Agreement

Fitch: ‘Significant Element’ Of EU-US Agreement

“Abolishing regulatory requirements for EU and US reinsurers to post collateral for their transatlantic business is the most significant element of the recent bilateral EU-US agreement on insurance supervision, says Fitch Ratings. “The agreement, jointly announced by EU and US negotiators 13 January, will release a large amount of capital... Read more of this article

Bermuda Stock Exchange Report: Jan 17 2017

Bermuda Stock Exchange Report: Jan 17 2017

January 17 saw 3,393 shares trade on the Bermuda Stock Exchange, valued at $55,219.50 BD. 1,593 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $31.50 per share, while another 1,800 shares were traded by KeyTech. Ltd, closing down 4.8% at $2.80 per share. The BSX finished at 1,937.96, down 0.10% on the day. There were 0 advances,... Read more of this article