1727 results returned for search: "" category "Business" author Jonathan Kent
The Argus Group is taking legal action to try to force the liquidation of two investment funds in an attempt to recover some of its life insurance policyholders' assets that were exposed to the Bernard Madoff debacle.
Argus filed a petition in a Caym...
DATE: Feb 02, 2009
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Jonathan Kent
Former RenaissanceRe chief executive officer James Stanard has been fined $100,000 by a New York civil court for his part in an alleged "sham transaction" to smooth company earnings.
Judge Gerard Lynch, of the United States District Court for the Sou...
DATE: Jan 30, 2009
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Jonathan Kent
Rents being asked for high-end properties have fallen by between 10 and 30 percent, as the number of people seeking such accommodation falls.
Buddy Rego, of Rego Sotheby's International Ltd., said properties in the $5,000-plus per month range had see...
DATE: Jan 30, 2009
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Jonathan Kent
Bermuda-based hedge fund manager Osmium Capital Management Ltd. has come up with an innovative way of allowing its investors to steer clear of the vagaries of major currency values — by denominating a class of shares in its fund in gold instead of mo...
DATE: Jan 29, 2009
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Some of the world's top independent economic analysts believe Bermuda's economy is at growing risk of contracting, largely because of its heavy reliance on the slumping US financial sector.
A report issued this week by The Economist Intelligence Unit...
DATE: Jan 29, 2009
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Fitch has affirmed Butterfield Bank's debt ratings and said that the impact of the company's capital support of its money-markets funds has been "manageable".
In commentary issued this week, the credit rating agency added that it would "closely monit...
DATE: Jan 29, 2009
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Jonathan Kent
Internet service providers Transact and FKBNet have joined forces in a move they say will improve their services to customers.
The news came in a statement posted on the Transact website by Bill Dickinson, the general manager of the FKB / Transact pa...
DATE: Jan 28, 2009
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AUTHOR:
Jonathan Kent
WP Stewart & Co. Ltd. has been granted a primary listing of its common shares on the Bermuda Stock Exchange, the investment company announced yesterday.
The company also said it had applied to the US Securities and Exchange Commission to deregister i...
DATE: Jan 27, 2009
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AUTHOR:
Jonathan Kent
Bermuda-based PartnerRe expects to write $2.1 billion of non-life premium for the January 1 renewal season, a result which the reinsurer's chief executive officer Patrick Thiele believes indicates a positive change of direction in the market.
The com...
DATE: Jan 26, 2009
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AUTHOR:
Jonathan Kent
Bermuda-based Max Capital Group Ltd. said its hedge fund investments declined in value by some $233 million in 2008 contributing to a fall in book value for the year of at least 16 percent.
In its year-end letter to shareholders, released last Friday...
DATE: Jan 26, 2009
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AUTHOR:
Jonathan Kent
