1727 results returned for search: "" category "Business" author Jonathan Kent
Brand-new Bermuda reinsurer Watford Re is all set to open for business.
The multi-line reinsurer’s parent company Watford Holdings said in a statement released yesterday that the company had “raised capital and expects to commence reinsurance operati...
DATE: Mar 28, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Close to four out of five North American insurance executives say their companies are actively considering potential acquisitions, according to a survey which indicates a likelihood of growing consolidation in the industry.
The survey was carried out...
DATE: Mar 27, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
The Bermuda Chamber of Commerce has cancelled its planned Concierge Day trade show because of a lack of interest.
Chamber president Ronnie Viera told The Royal Gazette yesterday that the Chamber could not justify going ahead with the event at the Fai...
DATE: Mar 27, 2014
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
KeyTech today announced that it is slashing its dividend by 25 percent.
The company, which owns Bermuda Telephone Company and Logic Communications, said its next quarterly dividend payable next month would be reduced to nine cents from 12 cents.
In a...
DATE: Mar 27, 2014
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CATEGORY:
Local Business
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AUTHOR:
Jonathan Kent
Bermuda-based Wilton Re said on Friday it had agreed to be sold to Canada Pension Plan Investment Board in a deal worth $1.8 billion.
The life reinsurance company focuses principally on the US life reinsurance market, specialising in the acquisition ...
DATE: Mar 24, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Luxury brand name retailer Lusso has reopened its renovated and expanded Front Street store.
Part of the TESS Group of Companies, Lusso will offer clothing for the first time, as well as the luxury accessories it specialised in before.
TESS announced...
DATE: Mar 24, 2014
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CATEGORY:
Local Business
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AUTHOR:
Jonathan Kent
Premier Craig Cannonier and Finance Minister Bob Richards are in London this week to lead efforts to bring Islamic finance business to the Island.
The pair, who are accompanied by cabinet Secretary Derrick Binns, will attend the Global Islamic Financ...
DATE: Mar 24, 2014
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda-based fund administrator Meridian Fund Services has been acquired by an Island-based subsidiary of Japanese banking giant Mitsubishi UFJ Trust and Banking Corporation.
The deal means Meridian, which has assets under administration of some ...
DATE: Mar 21, 2014
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CATEGORY:
International Business
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AUTHOR:
Jonathan Kent
Bermuda remains the world leader among offshore captive domiciles — despite recording a decrease in the number of captives on its register.
The Bermuda Monetary Authority (BMA) confirmed yesterday that there were 831 captive insurers based in Bermuda...
DATE: Mar 19, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
The long-haul air travel experience would be a lot more enjoyable if you could if you could go to sleep in a queen-size bed, then have a shower before you landed, refreshed and ready to go.
That may seem like the stuff of fantasy, but now it’s an exp...
DATE: Mar 18, 2014
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CATEGORY:
Local Business
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AUTHOR:
Jonathan Kent
