1682 results returned for search: "" category "Business" author Jonathan Kent
Retailers took 0.1 percent more at the till in October this year than in the same month last year, driven by a 9.3 percent increase in motor vehicle sales.
However, after inflation was taken into account, retail sales volume fell 0.9 percent, as rece...
DATE: Dec 03, 2013
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CATEGORY:
Local Business
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AUTHOR:
Jonathan Kent
Butterfield Bank has been named Bermuda’s Bank of the Year by international banking industry magazine The Banker.
Butterfield also scooped the same award in the Cayman Islands.
The Banker, an FT publication, is a highly regarded UK-based publication ...
DATE: Dec 02, 2013
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Somers Ltd, owner of the Bermuda Commercial Bank, is seeking to buy out London-based broker Westhouse Holdings PLC.
The Bermuda Stock Exchange-listed Somers already owns a 46.1 percent stake in Westhouse.
Somers, formerly known as Bermuda National Lt...
DATE: Nov 29, 2013
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CATEGORY:
International Business
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AUTHOR:
Jonathan Kent
Financial regulator the Bermuda Monetary Authority (BMA) is in talks aimed at allowing alternative fund managers based on the Island to market their investment products in Germany.
The confirmation of the talks comes after British newspaper The Finan...
DATE: Nov 27, 2013
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Investors interested in an expected near five percent annual return offered by a new Bermuda Government bond issuance can learn more at two public information sessions next week.
The events will take place next Tuesday, December 3, and Wednesday, Dec...
DATE: Nov 27, 2013
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Expect to see more hedge fund managers setting up reinsurance companies in Bermuda as a way of boosting their investment returns.
That was one of the takeaways from the seventh annual EY Hedge Fund Symposium last week which packed the Harbourview Bal...
DATE: Nov 26, 2013
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Bermuda’s reinsurers are operating in an increasingly competitive market with margins likely to be squeezed further by a combination of growing competition from third-party capital and decreasing demand for reinsurance.
That is the picture painted by...
DATE: Nov 25, 2013
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Bermuda is leading the world in the issuance of insurance-linked securities (ILS).
A report published by the Bermuda Monetary Authority shows that $3.5 billion of ILS, predominantly catastrophe bonds, were issued by Bermuda-based Special Purpose Insu...
DATE: Nov 25, 2013
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Bermuda-based insurer Tower Group International Ltd is cutting about 140 jobs, or 10 percent of its global workforce, after it posted a second-quarter loss of more than half a billion dollars.
It is not clear whether any of its Bermuda employees will...
DATE: Nov 22, 2013
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
A leading insurance executive has warned that global regulators’ moves towards increasing capital requirements for insurers will impede the industry’s ability to cover the world’s ever-increasing risks.
XL Group chief executive officer Mike McGavick ...
DATE: Nov 21, 2013
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
