1710 results returned for search: "" category "Business" author Jonathan Kent
Bermuda will continue to thrive in the global insurance market but it will face significant challenges in the years ahead, according to credit rating agency Fitch Ratings.
In its first commentary specifically on the state of the Bermuda market, Fitch...
DATE: Mar 05, 2008
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AUTHOR:
Jonathan Kent
Bermuda-based Scottish Re announced yesterday chief executive officer George Zippel's term of employment will be cut short and will terminate on July 31 this year.
In addition, chief financial officer Terry Eletheriou's term of employment has been ex...
DATE: Mar 05, 2008
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AUTHOR:
Jonathan Kent
The Bombay Palace restaurant has closed after being bought by its former cashier and will be reborn in May as The Caribbean Queen.
Linna Kumar decided to take the plunge into business ownership when her bosses put the Pembroke restaurant up for sale ...
DATE: Mar 04, 2008
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AUTHOR:
Jonathan Kent
Bermuda Press Holdings Ltd. reported a 17-percent rise in full-year profits in 2007, on the back of a $1.6 million rise in revenue.
The parent company of The Royal Gazette announced on Friday that net income totalled $2.7 million in the 12 months end...
DATE: Mar 03, 2008
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AUTHOR:
Jonathan Kent
Billionaire investor Wilbur Ross has agreed to make up to a $1 billion investment in Bermuda-based bond insurer Assured Guaranty Ltd.
The bond insurer said this morning that WL Ross & Co. will purchase $250 million worth of common stock and commit to...
DATE: Feb 29, 2008
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AUTHOR:
Jonathan Kent
Amlin Bermuda's contribution helped UK-based parent company Amlin post full-year profits of $881.3 million for 2007.
The Island-based reinsurance arm of the Lloyd's of London insurer wrote $465.8 million of gross premium last year, compared to $411.2...
DATE: Feb 29, 2008
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Jonathan Kent
Finance Minister Paula Cox does not believe that Bermuda is likely to suffer anything similar to the ever-widening international tax evasion probe being focused on Liechtenstein.
Both German and British tax authorities have paid for data linked to ac...
DATE: Feb 27, 2008
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AUTHOR:
Jonathan Kent
The number of people signed up to registered pension plans in Bermuda almost doubled in 2006, according to the Pension Commission's annual report, tabled in the House of Assembly last Friday.
As of the end of 2006, 970 employers and 18,487 employees ...
DATE: Feb 26, 2008
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AUTHOR:
Jonathan Kent
Plans for a change in US tax rules that could have driven more captive insurance companies to Bermuda have been scrapped.
US tax authority the Internal Revenue Service (IRS) had proposed to prohibit captive insurance companies from deducting from the...
DATE: Feb 22, 2008
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AUTHOR:
Jonathan Kent
Axis Capital Holdings' chief executive officer John Charman has been rewarded for his company's record profits last year with an extension to his tenure in the top job.
A new employment agreement announced by Axis yesterday will keep Mr. Charman as C...
DATE: Feb 20, 2008
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AUTHOR:
Jonathan Kent
