1710 results returned for search: "" category "Business" author Jonathan Kent
The British Virgin Islands is preparing criminal charges against the Bermuda-registered IPOC Fund and is seeking to confiscate $40 million from the Fund.
The charges, detailed in an application to collect evidence that was filed at the US District Co...
DATE: Nov 19, 2007
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AUTHOR:
Jonathan Kent
The British government is still considering changes to insurance industry tax rules to enable UK companies to compete better with rivals in low-tax jurisdictions like Bermuda, Lloyd's of London chairman Peter Levene said.
Speaking to Business Insuran...
DATE: Nov 15, 2007
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AUTHOR:
Jonathan Kent
The world is hurtling head-long towards an energy crisis so severe that major economies will be under threat of collapse and the resulting tensions could spark a global war in the next decade.
The graphic warning comes from Matthew Simmons, a self-ta...
DATE: Nov 08, 2007
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AUTHOR:
Jonathan Kent
Bermuda's inflation rate remained in the four percent and over bracket for the fourth successive month in August, the Government announced yesterday.
Consumers paid 4.0 percent more for typical household goods and services in August this year than th...
DATE: Oct 04, 2007
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AUTHOR:
Jonathan Kent
The noise and fumes produced by the more than 20,000 mopeds and motorcycles on Bermuda's roads could become a thing of the past if Hugh Watlington's idea catches on.
Mr. Watlington rides a bike propelled by an electric motor. It looks pretty much lik...
DATE: Jul 31, 2007
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AUTHOR:
Jonathan Kent
Bermuda insurance giant Ace Ltd. says it is far better prepared for meeting claims from a hurricane season of above-normal intensity than it was before Hurricane Katrina.
Ace's chief financial officer Phil Bancroft said if the 2005 storm scenario ¿ w...
DATE: Jul 26, 2007
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AUTHOR:
Jonathan Kent
Butterfield Bank yesterday reported record quarterly net income of $35.9 million and announced a three-for-one share split to take place next month.
Profits were up 6.1 percent for the three months from April through June compared to the same period ...
DATE: Jul 25, 2007
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AUTHOR:
Jonathan Kent
Bermuda-based Security Capital Assurance Ltd. yesterday announced that second-quarter profits had fallen 36 percent to $25.9 million. In the same three-month period, SCA's net income totalled $36.4m.
The company's performance looks better when viewed...
DATE: Jul 24, 2007
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AUTHOR:
Jonathan Kent
Two insurance brokers yesterday joined forces as Jardine Lloyd Thompson (JLT) announced it had taken over Park (Bermuda) Ltd. in a deal worth up to $11.8 million.
The new combined business, which will trade on the Island as JLT Park, will have about ...
DATE: Jul 24, 2007
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AUTHOR:
Jonathan Kent
Everest Re posted a 28 percent year-on-year increase in second-quarter profits last night — despite catastrophe losses totalling $70.4 million for the three-month period.
The Bermuda-based reinsurer said in its earnings statement that net income, inc...
DATE: Jul 24, 2007
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AUTHOR:
Jonathan Kent
