1710 results returned for search: "" category "Business" author Jonathan Kent
Bermuda re/insurers IPC Holdings and Max Capital said last night they had cleared the regulatory hurdles needed to go ahead with their amalgamation, and they expected the merger transaction to be completed on June 12, pending shareholder approval.
Th...
DATE: May 15, 2009
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AUTHOR:
Jonathan Kent
Amlin Bermuda's gross premiums written rose by 16 percent in the first four months of this year, the unit's London-based parent company stated yesterday.
Higher rates, a healthy renewal ratio and some new business all helped the Island unit write $19...
DATE: May 14, 2009
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AUTHOR:
Jonathan Kent
The Bermuda insurance sector has dodged a potential bullet from the US with the news that President Barack Obama did not include the tax code change that many on the Island had feared in his plans to clamp down on offshore tax avoidance.
When he reve...
DATE: May 13, 2009
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AUTHOR:
Jonathan Kent
Bermuda is maturing as an international business jurisdiction as the Government machinery needed to deal with the weight of the tiny Island's outsize international business sector continues to develop.
The Finance Ministry's International Business te...
DATE: May 13, 2009
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AUTHOR:
Jonathan Kent
Ensuring Bermuda climbs onto the 'white list' of the Organisation for Economic Cooperation and Development is critical to the Island's economic future.
Organising the tax information exchange agreements (TIEAs) that will allow Bermuda to shed the lab...
DATE: May 12, 2009
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AUTHOR:
Jonathan Kent
Bermuda's tax information exchange agreement (TIEA) tally has been updated to 11 by the OECD - one short of qualifying for promotion from the "grey list" of tax havens.
The list was last updated on April 2, the day that G20 leaders met in London and ...
DATE: May 11, 2009
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AUTHOR:
Jonathan Kent
Butterfield Bank yesterday announced a first-quarter net loss of $20.8 million, after writing down the value of a US mortgage-linked investment by $37.5 million.
Chief executive officer Alan Thompson said Butterfield had felt the impact of the recess...
DATE: May 08, 2009
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AUTHOR:
Jonathan Kent
Finance Secretary Donald Scott has written to the OECD to complain that its progress report on international tax transparency is "flawed and misleading" and that some jurisdictions may have been preferentially treated.
The letter, obtained by The Roy...
DATE: May 07, 2009
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AUTHOR:
Jonathan Kent
Max Capital Group posted a big increase in profits for the first quarter and handily beat analysts' estimates, as gross premiums written soared.
The Bermuda-based insurer and reinsurer reported net income of $44.5 million, or $0.78 per diluted share,...
DATE: May 06, 2009
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AUTHOR:
Jonathan Kent
Argo Group International Holdings Ltd.'s first-quarter net income fell by almost 27 percent on investment losses.
The Bermuda-based insurer and reinsurer posted a profit of $27 million, or $0.88 per diluted share, for the first three months of the ye...
DATE: May 06, 2009
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AUTHOR:
Jonathan Kent
