1727 results returned for search: "" category "Business" author Jonathan Kent
Bermuda-based reinsurer Ariel Holdings Ltd has agreed to be sold to Brazil’s Grupo BTG Pactual SA, largest independent investment bank in Latin America, for an undisclosed sum.
Ariel’s CEO Tom Hulst told The Royal Gazette last night that “no jobs wil...
DATE: Jul 11, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Aspen Insurance Holdings Ltd last night gave early guidance on its second-quarter results — hours after its hostile takeover pursuer Endurance Specialty Holdings Ltd criticised its “underperformance”.
Last night’s pre-announcement — the final results...
DATE: Jul 11, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Newly published research by the US Congress claims that 76 companies have shifted their corporate domiciles away from the US since 1983 — one of them being Ace Ltd.
Such domicile shifts are referred to as “inversions” and have been causing concern am...
DATE: Jul 09, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
The April through June period set a new quarterly record for the volume of catastrophe bonds issued.
According to a report by Willis Capital Markets & Advisory (WCMA), $4.5 billion of non-life catastrophe bond capacity was issued in 17 deals in the s...
DATE: Jul 08, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
More mergers and acquisitions are likely in the telecommunications sector, driven by fierce competition in a liberalised marketplace.That is the view of co-founders of Bermuda Digital Communications Ltd, Kurt Eve and Michael Leverock, who are adamant...
DATE: Jul 04, 2014
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CATEGORY:
Local Business
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AUTHOR:
Jonathan Kent
Pete Cangany started in his new role as Ernst & Young’s senior partner in Bermuda this week with a mission to grow the firm’s business and to make it a stronghold of personal development for its staff.
Mr Cangany is optimistic about the prospects for...
DATE: Jul 03, 2014
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CATEGORY:
International Business
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AUTHOR:
Jonathan Kent
Aspen Insurance Holdings Ltd yesterday took aim at the compensation package of Endurance Specialty Holdings Ltd boss John Charman as the war of words intensified between the Bermuda insurance-sector rivals.
Endurance is pursuing efforts to take over ...
DATE: Jul 02, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Shares of Tower Group International Ltd soared more than eight percent yesterday after investors appeared to regain confidence that its proposed merger deal with fellow Bermuda insurer ACP Re Ltd would go through after all.
In trading on the Nasdaq S...
DATE: Jul 02, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Shares of insurer Tower Group International Ltd plunged to a record low yesterday on investor concerns that its planned merger deal with fellow Bermuda company ACP Re would not go through.
Tower declined 20 percent to $1.62 during morning trading in ...
DATE: Jul 01, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Shareholders of Bermuda-based Aspen Insurance Holdings Ltd will ultimately decide whether Endurance Specialty Holdings Ltd’s hostile bid to take over their company will succeed — and on Friday both companies mailed out letters to them asking for thei...
DATE: Jun 30, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
