1727 results returned for search: "" category "Business" author Jonathan Kent
Ace Ltd. is to cut 17 jobs from its Bermuda workforce next year.
All those whose positions will be eliminated have been notified, the company said in a statement yesterday.
"These employees will be given priority consideration for appropriate open po...
DATE: Oct 15, 2010
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AUTHOR:
Jonathan Kent
LOM (Holdings) Ltd. announced today that the US District Court in New York has approved a settlement with the US Securities and Exchange Commission (SEC) resolving allegations that involved trading of Sedona Software Solutions Inc. and SHEP Technolog...
DATE: Oct 15, 2010
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AUTHOR:
Jonathan Kent
Bermuda-based reinsurer Platinum Underwriters Holdings Ltd. said yesterday that it spent $91.8 million buying back more than 2.2 million its own shares in the third quarter.
The company added that it also agreed to pay $98.5 million in cash for optio...
DATE: Oct 15, 2010
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AUTHOR:
Jonathan Kent
The annual rate of inflation fell for the fourth successive month in August to two percent.
But significant increases in the prices of food and electricity during the month kept the cost of living moving higher.
Those were two of the main revelations...
DATE: Oct 15, 2010
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AUTHOR:
Jonathan Kent
Redomestication away from Bermuda is having little operational impact on insurers who have chosen to move, according to credit rating agency Standard & Poor's.
Laline Carvalho, director of S&P's financial services ratings group, told BNamericas that ...
DATE: Oct 14, 2010
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AUTHOR:
Jonathan Kent
Bermuda-based reinsurer Everest Re Group, Ltd. has released an early estimate of its third-quarter earnings to counter speculation swirling around the company.
The company said yesterday it expected after-tax operating income to range between $2.55 a...
DATE: Oct 14, 2010
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AUTHOR:
Jonathan Kent
The ALARYS Congress wound up yesterday, with organisers hailing the event as a success.
More than 150 delegates from at least 17 countries attended the event, the Latin American Association of Risk and Insurance Managers' annual meeting.
The event wa...
DATE: Oct 14, 2010
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AUTHOR:
Jonathan Kent
The Organisation for Economic Cooperation and Development's latest report on Bermuda signals that the Island is leaving offshore rival the Cayman Islands behind, according to Finance Minister Paula Cox.
Bermuda was one of just two countries — along w...
DATE: Oct 14, 2010
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AUTHOR:
Jonathan Kent
The regulatory backlash from the world financial crisis could curb the ability of the international re/insurance industry to do its job, said XL Group CEO Mike McGavick yesterday.
Speaking at the ALARYS Congress at the Fairmont Southampton yesterday,...
DATE: Oct 13, 2010
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AUTHOR:
Jonathan Kent
Bermuda sees opportunities to leverage its advantage over other jurisdictions in its regulatory and legislative framework to attract more business from Asia.
That is the view of Susan Stirling, director of marketing for Business Bermuda, who has been...
DATE: Oct 12, 2010
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AUTHOR:
Jonathan Kent
