1727 results returned for search: "" category "Business" author Jonathan Kent
Life insurance policyholders of the folded British-American Insurance Company (BAICO) will get back at least some of the money they are owed by Christmas.
The Official Receiver, Stephen Lowe, announced last night that creditors will be able to pick u...
DATE: Nov 30, 2011
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
A delegation from Bermuda is in Montreal today seeking to drum up captive insurance business for the Island.
Today’s Bermuda Captive Breakfast Seminar follows a similar event at the Fairmont Royal York Hotel in Toronto yesterday.
Interest from the Ca...
DATE: Nov 16, 2011
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Government has come out against forcing CellOne to provide interconnection to Digicel-Transact’s new long-distance service.
A statement from CellOne said on Friday that the Attorney General’s Chambers, on behalf of Environment Minister Walter Roban, ...
DATE: Oct 24, 2011
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda-based reinsurer Platinum Underwriters Holdings last night posted a $53.5 million net loss as catastrophe claims impacted results.
For Platinum, the first of the major Bermuda commercial re/insurers to post third-quarter results, it was the fo...
DATE: Oct 19, 2011
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Bermuda Motors has made five redundancies in its spare parts and sales departments.
All those who lost their jobs were either Bermudians or spouses of Bermudians and were given severance packages.
The company said the job losses were came as a result...
DATE: Oct 06, 2011
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CATEGORY:
Local Business
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AUTHOR:
Jonathan Kent
Bermuda-based Torus Insurance Holdings Ltd is set to buy its way into the Lloyd’s of London market after agreeing to purchase Broadgate, which underwrites through syndicate 1301, from Clal Insurance Enterprise Holdings.
Torus will retain Broadgate’s ...
DATE: Sep 21, 2011
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CATEGORY:
International Business
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AUTHOR:
Jonathan Kent
Reinsurance executives gathered in Monte Carlo this week believe there are good reasons why property and catastrophe rates should rise but there is less confidence that there will be any broader market turn.
Massive catastrophe losses, estimated as h...
DATE: Sep 15, 2011
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
New Bermuda reinsurer Third Point Re has $500 million in capital, two investors involved revealed to Bloomberg News.
And Third Point LLC, the $8 billion New York-based hedge fund founded by Daniel Loeb that is behind the new company, aims to raise a ...
DATE: Sep 08, 2011
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Share prices of Bermuda market re/insurers surged yesterday, as estimates of insured losses from Hurricane Irene fell to about $2.6 billion.
However, an industry analyst believe that the losses will not be sufficiently large to spark a meaningful inc...
DATE: Aug 30, 2011
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Bermuda’s insurance regulation regime for big commercial re/insurers is largely equivalent with the new European Solvency II regulations, according to a consultation document published yesterday by European assessors.
However, more enhancements need ...
DATE: Aug 18, 2011
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
