FINANCE
KPMG CHALLENGE / MONTH TWO
Young Berkeley team showing the way in KPMG Challenge
One of the youngest investment teams in the KPMG Investment Challenge, the Fashionistas from Berkeley, were in the lead in the portfolio values by the end of November.
December 7: Business Briefs
Chartis announced that it has entered into a reinsurance transaction with Compass Re, providing increased protection to Chartis against US hurricanes and earthquakes.
TMX Group buys 16 per cent share of BSX
TMX Group has purchased a 16 per cent stake in the Bermuda Stock Exchange, making it one of the largest shareholders, it was announced on Wednesday.
Conyers staff give to charity
Staff at Conyers Dill and Pearman shared a bit of festive cheer this December, donating nearly $22,000 to charities and community initiatives across the island.
Gerova investors sue over alleged reverse 'pump and dump' scheme
A lawsuit has been filed in Superior Court of California on behalf of Noble Investment Fund Limited claiming millions of dollars in investment losses in Gerova Financial Group.
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KPMG CHALLENGE / MONTH THREE
Little separating top three in stock challenge
The Warwick Academy Action Jacksons team was the leader in the KPMG Investment Challenge as of December 16 with a portfolio value of $49,198.
Ministers to attend second KPMG Infrastructure Summit in Florida
Unique issues and challenges facing island jurisdictions in planning infrastructure will be discussed at the second KPMG Infrastructure Summit held in Florida in January.
January 20: Business Briefs
Third Point Re has hired a new EVP, XL prepare to release fourth quarter results, PartnerRe expects a loss and Bacardi is ready to party in Friday's business update.
First Atlantic appoints vice president
Tricia Lines Hill was appointed senior vice president, business development and marketing, at First Atlantic Commerce effective the first of January.
Appleby has new Bermuda office partner
Kiernan Bell will be appointed as Appleby's Bermuda office managing partner, effective January 26, taking over from Shaun Morris who held the post for six years.
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Retail sales down for 43rd month
Car sales plummeted by over 50 per cent as the volume of retail sales fell for the 43rd month.
2011 'second worst year on record' for Validus
Validus Holdings, Ltd. reported net income available to Validus of $27.3 million for the fourth quarter of 2011.
Premier defends Bermuda's reputation as international business centre
On Sunday Premier Paula Cox responded to comments made about Bermuda by the Cayman Islands' Government. She said: 'Only the naive would be foolish enough to count Bermuda out.'
HWP car sale hailed a 'great success'
Customers were able to get great deals on cars at the HWP car sale over the weekend, as the company got rid of older cars to make way for new models.
Butterfield makes $40 million profit
The Bank of Butterfield announced on Wednesday a net income of $40.5 million for 2011, compared to a $207.6 million loss in 2010.
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