1710 results returned for search: "" category "Business" author Jonathan Kent
The Bermuda Monetary Authority has bolstered its global reputation by being among the first three insurance regulators to be approved to sign up to an international agreement for regulators to work together to improve cross-border supervision of the ...
DATE: Jun 26, 2009
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AUTHOR:
Jonathan Kent
Bermuda-based captive insurance companies covering risks in the European Union will not be directly impacted by new EU insurance regulations, delegates at an industry conference heard yesterday.
But when the new rules — known as Solvency II — are int...
DATE: Jun 25, 2009
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Jonathan Kent
The board of Bermuda-based reinsurer IPC Holdings Ltd. remains opposed to Validus Holdings Ltd.’s takeover offer and is negotiating with other potential suitors.
Yesterday, IPC said it had made some progress in discussions with Validus, but added its...
DATE: Jun 24, 2009
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Jonathan Kent
Bermuda-based insurer Ironshore Insurance yesterday announced equity financing worth up to $300 million to help support its expansion.
Private-equity firm GTCR Golder Rauner LLC has committed to buy $200 million of newly issued Ironshore equity, with...
DATE: Jun 24, 2009
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AUTHOR:
Jonathan Kent
The board of Bermuda-based reinsurer IPC Holdings Ltd. remains opposed to Validus Holdings Ltd.'s takeover offer and is negotiating with other potential suitors.
Yesterday, IPC said it had made some progress in discussions with Validus, but added its...
DATE: Jun 24, 2009
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AUTHOR:
Jonathan Kent
Bermuda's economy has fared better than most through the financial crisis, but faces tough challenges ahead, according to Butterfield Bank chief executive officer Alan Thompson.
Commentating on a panel at the Bermuda Captive Conference, Mr. Thompson ...
DATE: Jun 23, 2009
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AUTHOR:
Jonathan Kent
Visitor spending plunged more than 45 percent in the first three months of this year, according to figures released by the Department of Statistics.
The numbers in the Quarterly Bulletin of Statistics for the first quarter reveal the brutal economic ...
DATE: Jun 22, 2009
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AUTHOR:
Jonathan Kent
Japanese officials were in Bermuda last week to negotiate a tax information exchange agreement (TIEA) with the Finance Ministry's Treaty Unit.
Finance Minister Paula Cox said in the House of Assembly on Friday that negotiations with Japan would be co...
DATE: Jun 22, 2009
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AUTHOR:
Jonathan Kent
Bermudian Jenia Thompson is to open a new online clothes and accessories outlet, to be called the Lovit Boutique.
Ms Thompson said her aim was to attract shoppers who wanted to buy classy apparel at an affordable price.
"I've always had a passion for...
DATE: Jun 19, 2009
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AUTHOR:
Jonathan Kent
A group of US insurers has tried to rebut claims that a proposed change in US tax law would cost American consumers billions of dollars in increased insurance premiums.
The Coalition for a Domestic Insurance Industry claimed the Brattle Group report,...
DATE: Jun 18, 2009
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AUTHOR:
Jonathan Kent
