1727 results returned for search: "" category "Business" author Jonathan Kent
Many of Bermuda's business leaders have a priorities list that looks very different from 12 months ago, according to accountancy and advisory firm KPMG.
Items like risk management, capital management and governance have climbed up the agenda during a...
DATE: May 05, 2009
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AUTHOR:
Jonathan Kent
Butterfield Bank's financial strength rating has been cut by credit rating agency Moody's.
Moody's lowered Butterfield's Bank Financial Strength Rating (BFSR) to C- from C, citing possible weakening on the bank's capital ratios in 2009, as Butterfiel...
DATE: May 04, 2009
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Jonathan Kent
Finance Minister Paula Cox has claimed the Opposition used "fiction" in an effort to score "a cheap political point" in their comments on the downgrade of Bermuda Government bonds by credit rating agency Moody's.
Ms Cox said that safeguarding Bermuda...
DATE: May 04, 2009
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AUTHOR:
Jonathan Kent
Americans would likely have to pay out up to $12 billion a year extra for insurance premiums if Congress passes legislation that would impose higher taxes on Bermudian and other non-US insurers.
That is the finding of a new study, carried out by econ...
DATE: May 04, 2009
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Jonathan Kent
The board of IPC Holdings has urged the company's shareholders to reject the hostile takeover attempt by fellow Bermuda reinsurer Validus in favour of a merger with Max Capital.
IPC said its directors voted unanimously to reiterate their support for ...
DATE: May 04, 2009
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AUTHOR:
Jonathan Kent
Bermuda-based Scottish Re Group Ltd. posted a net loss of $2.71 billion last year, the company announced last night - the biggest loss suffered by any company in the Bermuda insurance sector in 2008.
The life reinsurer, which has ceased writing new b...
DATE: May 01, 2009
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AUTHOR:
Jonathan Kent
Finance Minister Paula Cox has lost her grip on public finances, said the Opposition after credit rating agency Moody's downgraded Bermuda Government bonds.
Acting Shadow Finance Minister Pat Gordon-Pamplin said the Island's first ever downgrade by M...
DATE: May 01, 2009
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AUTHOR:
Jonathan Kent
Bermuda business insurer XL Capital Ltd is about three-quarters of the way through the process to "de-risk" its investment portfolio, the company's chief executive officer said yesterday.
Michael McGavick told The Royal Gazette that he could "see the...
DATE: Apr 29, 2009
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AUTHOR:
Jonathan Kent
Most people think of fine wine as an expensive treat - but the managers of an unusual investment fund see it as a way of enhancing wealth.
After the Wine Investment Fund's (WIF) first five-year investment period closed last August, its investors were...
DATE: Apr 22, 2009
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AUTHOR:
Jonathan Kent
Disgraced Eliot Spitzer may be considering running again for his old position of New York Attorney General, according to a media report.
The news, which may send shudders downs the spines of some Bermuda insurance industry bosses, surfaced on the Pag...
DATE: Apr 17, 2009
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AUTHOR:
Jonathan Kent
