1681 results returned for search: "" category "Business" author Jonathan Kent
Bermuda’s insurance marketplace attracted 45 new companies during the first half of this year — some of them major players.
Financial regulator the Bermuda Monetary Authority said this was on a par with 2014, when 44 new insurers and intermediaries w...
DATE: Jul 14, 2015
|
CATEGORY:
Reinsurance
|
AUTHOR:
Jonathan Kent
Bermuda must wait a few more weeks to find out whether its insurance regulation will be deemed equivalent to the new standards being introduced in the European Union.
Legislative changes passed by the Senate last week addressed the recommendations of...
DATE: Jul 13, 2015
|
CATEGORY:
Reinsurance
|
AUTHOR:
Jonathan Kent
A London-based private-equity group is reportedly in talks to buy a unit of law firm Appleby.Sky News in the UK reported that Bridgepoint is seeking to take over Appleby’s Fiduciary and Administration business, part of which is based in Bermuda.Insid...
DATE: Jul 07, 2015
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
Don’t expect interest rates to bounce back sharply any time soon.
That’s the advice from HSBC’s global head of fixed-income research Steven Major, who expects predicts that the US Federal Reserve will not starting raising rates until December.
London...
DATE: Jul 03, 2015
|
CATEGORY:
International Business
|
AUTHOR:
Jonathan Kent
A Bermuda company has a $2 billion plan to lead the Island to energy independence within ten years.
The ambitious project, which aims to give the Island an electricity supply fuelled entirely by renewable sources, has been in the works for two years....
DATE: Jun 30, 2015
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
Shares of Bermuda-based bond insurer Assured Guaranty plunged more than 13 per cent in New York trading yesterday after Puerto Rico’s Governor described the island’s $72 billion debt as “unpayable”.
Assured had $4.9 billion of par exposure to Puerto...
DATE: Jun 30, 2015
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
Insurer Argus Group Holdings Ltd posted an annual profit of $16 million — despite taking a hit from hurricanes Fay and Gonzalo.
The earnings for the year through the end of March 2015, which broke down to 76 cents per share, were up from $13.3 millio...
DATE: Jun 29, 2015
|
CATEGORY:
Local Business
|
AUTHOR:
Jonathan Kent
Insurance industry veteran Brian Duperreault says unintentional discrimination is holding back women in the insurance industry.
And the Hamilton Insurance Group chief executive officer added that industry leadership must do more to counteract stereot...
DATE: Jun 24, 2015
|
CATEGORY:
Reinsurance
|
AUTHOR:
Jonathan Kent
Bermuda has been named by the European Union as a country that is not doing enough to crack down on tax avoidance.
The Island was one of 30 countries on the list published by the EU’s executive Commission today.
“These tax havens cover the five conti...
DATE: Jun 17, 2015
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
The reinsurance industry is under threat, according to financial newspaper The Economist.
In an article focused on the industry, the UK-based publication said insurers were increasingly bypassing reinsurers and offloading their risk directly to the c...
DATE: Jun 05, 2015
|
CATEGORY:
Reinsurance
|
AUTHOR:
Jonathan Kent
