1727 results returned for search: "" category "Business" author Jonathan Kent
The planned departure of a group of Bermuda-based corporations to Switzerland has attracted the attention of leading financial newspaper The Wall Street Journal.
In a story published on Friday, under the headline "Swiss gain as tax plan dims Bermuda'...
DATE: Dec 15, 2008
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AUTHOR:
Jonathan Kent
Bermuda insurance groups face a "real risk" of US tax law proposals that would impact them negatively becoming law by as soon as next year.
That is the view of Barclays Capital analysts Jay Gelb and Charles Marr, expressed in a note to investors yest...
DATE: Dec 12, 2008
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Jonathan Kent
Former Premier Sir John Swan has warned that Bermuda needs to wake up and realise it faces "severe consequences" from the global recession, including more job losses and falling property values.
The businessman said Bermuda's economy was hugely relia...
DATE: Dec 12, 2008
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AUTHOR:
Jonathan Kent
Credit Suisse yesterday cut its share price target on Bermuda-based business insurer XL Capital Ltd. to $4 from $21.
The decision came the day after Bloomberg reported that the company was seeking a buyer.
Credit Suisse said in yesterday's research n...
DATE: Dec 12, 2008
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AUTHOR:
Jonathan Kent
Former Premier Sir John Swan has warned that Bermuda needs to wake up and realise it faces "severe consequences" from the global recession, including more job losses and falling property values.
The businessman said Bermuda's economy was hugely relia...
DATE: Dec 11, 2008
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AUTHOR:
Jonathan Kent
The US Senate yesterday proposed draft legislation aimed at closing a "tax loophole" claimed to give some Bermuda insurance groups an advantage over their US rivals.
The move, which echoes the aims of the bill put forward in the House of Representati...
DATE: Dec 11, 2008
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AUTHOR:
Jonathan Kent
XL Capital Ltd. said last night it expected to report more than $200 million in losses from its alternative investment portfolio for the fourth quarter. And the company added that its fourth-quarter losses so far would be "largely in line with" third...
DATE: Dec 11, 2008
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AUTHOR:
Jonathan Kent
Bermuda-based insurance giant XL Capital Ltd. announced yesterday that it had received English High Court clearance to merge an Irish unit with a London subsidiary.
The portfolio of business of XL Europe (Dublin) will be transferred to XL Insurance C...
DATE: Dec 10, 2008
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AUTHOR:
Jonathan Kent
Bermuda's insurance companies have been finding out how they would fare against their peers in dealing with a worst-case scenario.
Financial regulator the Bermuda Monetary Authority (BMA) has been conducting stress tests of local companies, based on ...
DATE: Dec 09, 2008
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AUTHOR:
Jonathan Kent
Bermuda reinsurer Flagstone's ratings with AM Best will remain unchanged after investment losses and its acquisition of Lloyd's managing agency Marlborough Underwriting.
Best said yesterday Flagstone would keep its A- (excellent) financial strength r...
DATE: Dec 09, 2008
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AUTHOR:
Jonathan Kent
