1727 results returned for search: "" category "Business" author Jonathan Kent
Bermuda-based bond insurer Assured Guaranty Ltd. yesterday completed its acquisition of Financial Security Assurance Holdings Ltd. (FSA) from Dexia SA, boosting its claims-paying ability to around $12.5 billion.
In a statement yesterday, Assured said...
DATE: Jul 02, 2009
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AUTHOR:
Jonathan Kent
Efforts by the US tax authorities to tighten up scrutiny of offshore hedge funds will have
Stepping up its scrutiny of offshore investing, the IRS demanded that hedge-fund and private-equity investors disclose hundreds of billions of dollars they hav...
DATE: Jul 02, 2009
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Jonathan Kent
Flagstone Reinsurance Holdings Ltd. last night threw its hat in the ring in the contest to acquire its fellow Bermuda reinsurer IPC Holdings Ltd.
Flagstone is offering 2.638 shares of its stock plus $5.50 in cash for each IPC share - a bid which it c...
DATE: Jul 02, 2009
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AUTHOR:
Jonathan Kent
Bermuda Press Holdings Ltd.'s half-yearly profits fell by a third as the withdrawal of Government advertising from The Royal Gazette and the slowdown of the local economy impacted the company.
In the six months up to March 31, 2009, Bermuda Press (BP...
DATE: Jul 01, 2009
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London-based insurance and reinsurance broker RFIB Holdings Ltd. has opened a new operating unit in Bermuda.
Headed by chief executive officer Nigel Clark, a veteran of the Island's insurance industry, RFIB Bermuda Ltd. is keen to make its mark in on...
DATE: Jul 01, 2009
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Jonathan Kent
Validus Holdings Ltd. says it has the support of more than half of IPC Holdings Ltd.'s shareholders to push ahead with its planned takeover of the company.
Validus will now apply to the Bermuda Supreme Court to try to convene a court-ordered meeting ...
DATE: Jun 30, 2009
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AUTHOR:
Jonathan Kent
Bermuda reinsurer Validus Holdings Ltd. said yesterday it received "overwhelming" approval from shareholders to issue extra shares in connection with its attempted takeover of IPC Holdings Ltd.
At a special shareholders meeting yesterday, Validus gai...
DATE: Jun 26, 2009
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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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AUTHOR:
Jonathan Kent
