1727 results returned for search: "" category "Business" author Jonathan Kent
Government trimmed its current-account spending by more than seven percent and booked an increase in revenues during the first quarter of its fiscal year, the Ministry of Finance revealed today.
Finance Minister Bob Richards said in yesterday’s fisca...
DATE: Aug 22, 2014
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
More jobs for Bermudians and a return to economic growth.
That, in a nutshell, is what Ross Webber sees as the ultimate prize as he starts in his new role as new chief executive officer of the Bermuda Business Development Agency (BDA).
The BDA, which...
DATE: Aug 21, 2014
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CATEGORY:
International Business
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AUTHOR:
Jonathan Kent
Digicel has fired the latest shot in the battle for market share in the liberalised telecommunications market.
Yesterday, the wireless services provider said it would offer Netflix — the provider of streaming movies and TV shows via the internet — fr...
DATE: Aug 21, 2014
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Government trimmed its current-account spending by more than seven percent and booked an increase in revenues during the first quarter of its fiscal year, the Ministry of Finance revealed today.
Finance Minister Bob Richards said in yesterday’s fisca...
DATE: Aug 21, 2014
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
The Bermuda insurance industry’s leading lobbyist got a freezing drenching today at the hands of a gleeful American regulator.Bradley Kading, president of the Association of Bermuda Insurers and Reinsurers, had the bucket of ice and water poured over...
DATE: Aug 21, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
AM Best is revising its outlook for the reinsurance sector to negative.
The ratings agency said that while reinsurers are currently financially strong, they continue to be squeezed by market conditions and low interest rates.
“It has become even more...
DATE: Aug 20, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Chinese investment company Fosun International Ltd is to buy a 20 percent stake in Bermuda insurer Ironshore.
Privately held Ironshore, which in June filed for a $100 million initial public offering, said Fosun’s investment brought with it valuable c...
DATE: Aug 19, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Bermuda-domiciled oil tanker operator Nordic American Tanker (NAT) reported that rates for hiring its vessels plunged in the second quarter of this year — but it expects a rebound in the current quarter.
NAT said rates achieved for its trading fleet ...
DATE: Aug 14, 2014
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CATEGORY:
International Business
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AUTHOR:
Jonathan Kent
Florida is continuing to offload policyholders from its state-backed insurer Citizens onto private insurance companies — potentially boosting business for Bermuda’s reinsurers.
Insurance regulators in the Sunshine State have approved four companies t...
DATE: Aug 13, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Shares of Bermuda-based reinsurer Third Point Reinsurance Ltd gained nearly four percent in New York trading after posting earnings that beat analysts’ expectations.
The company, whose investments are managed by billionaire hedge fund manager Dan Loe...
DATE: Aug 11, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
