1727 results returned for search: "" category "Business" author Jonathan Kent
Bermuda-based Equinoxe Alternative Investment Services Holdings Ltd. yesterday announced a strategic merger with MadisonGrey Holdings.
The transaction creates a global hedge fund administrator with combined assets under administration of more than $7...
DATE: Nov 10, 2010
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AUTHOR:
Jonathan Kent
Florida has lowered its reinsurance market entry barriers for three more Bermuda reinsurers.
Ace Tempest Re, Hiscox Bermuda and Partner Re are the latest to have struck agreements with the Florida Office of Insurance Regulation for lower collateral r...
DATE: Nov 10, 2010
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AUTHOR:
Jonathan Kent
Bermuda retailers will make a slew of special offers for online shoppers for one day only in next week's eMonday initiative.
More than 30 "e-tailers" have signed up for the first eMonday, Business Development and Tourism Minister Patrice Minors said ...
DATE: Nov 09, 2010
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AUTHOR:
Jonathan Kent
Bermuda-based Lancashire Holdings Ltd. is to pay out a special dividend to shareholders that amounts to nearly 15 percent of yesterday's closing share price.
The company made the announcement as it reported net operating profit of $97.4 million for t...
DATE: Nov 09, 2010
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AUTHOR:
Jonathan Kent
Shares of insurer Argus Group Holdings Ltd. will resume trading on the Bermuda Stock Exchange (BSX) today as the company lifted a voluntary suspension that has lasted three months.
The company simultaneously announced it would pay out a dividend of 1...
DATE: Nov 09, 2010
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AUTHOR:
Jonathan Kent
"Charting A Path Through The Soft Market" will be the theme of an insurance conference featuring some of leading lights of the Bermuda market that starts in Hamilton tomorrow.
CEOs speaking at the two-day event at the Fairmont Hamilton Princess inclu...
DATE: Nov 08, 2010
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AUTHOR:
Jonathan Kent
Allied World Assurance Company Holdings Ltd. has agreed to pay more than $220 million to buy out some of its founding shareholders.
Saturday's announcement from the nine-year-old Bermuda-based re/insurer came after the company announced net income fo...
DATE: Nov 08, 2010
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AUTHOR:
Jonathan Kent
New Premier Paula Cox intends to extend the agreement that gives international companies an exemption from local corporate taxes.
The current Exempted Tax Certificate expires in 2016 and is a cornerstone of Bermuda's attractiveness as a corporate dom...
DATE: Nov 05, 2010
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AUTHOR:
Jonathan Kent
Butterfield Bank announced a third-quarter net loss of $18.6 million last night, as results were impacted by problem loans to hospitality projects in Bermuda and The Bahamas.
The bank made provisions related to those loans of $14.2 million and also b...
DATE: Nov 04, 2010
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AUTHOR:
Jonathan Kent
XL Group plc last night announced a new $1 billion share buyback programme, as it swung to a $77.5 million profit for the third quarter.
The global business insurer, which moved its domicile from the Cayman Islands to Ireland earlier this year and ha...
DATE: Nov 03, 2010
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AUTHOR:
Jonathan Kent
