1684 results returned for search: "" category "Business" author Jonathan Kent
Gerova Reinsurance Ltd. has won approval from regulator Bermuda Monetary Authority to establish a new life reinsurance operation on the Island.
The company will be headed by Lou Hensley, chief executive officer of the reinsurer's parent Gerova Holdin...
DATE: Jun 09, 2010
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AUTHOR:
Jonathan Kent
The class of 2005 reinsurers who set up in response to a spike in demand after Hurricane Katrina may start to disappear as some institutional investors seek to pull out their money.
That is the view of Franklin Montross, the chairman and chief execut...
DATE: Jun 08, 2010
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AUTHOR:
Jonathan Kent
Bermuda-based reinsurers face weakening earnings after heavy catastrophe losses already in the first five months of the year.
That is the view of credit rating agency Standard & Poor’s, which also believes that softening reinsurance pricing and shaky...
DATE: Jun 07, 2010
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AUTHOR:
Jonathan Kent
The boss of Bermuda-based re/insurer Catlin Group Ltd. has admitted that insurers have "got lucky" in that only about 20 percent of the losses so far from the Gulf of Mexico oil spill have been borne by the industry.
Stephen Catlin, the company's chi...
DATE: Jun 07, 2010
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AUTHOR:
Jonathan Kent
Increasing demand for 'green' products has prompted the Bermuda Air Conditioning Group of Companies (BAC) to create a new entity called Bermuda Alternate Energy Ltd (BAE).
The company will provide energy efficiency, energy conservation and renewable ...
DATE: Jun 04, 2010
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AUTHOR:
Jonathan Kent
Financial regulator the Bermuda Monetary Authority says it is working with its US counterpart, the Securities and Exchange Commission, on the issue of Bernard Madoff "feeder funds".
Last week, London High Court judge David Kitchin said Bermuda-based ...
DATE: Jun 03, 2010
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AUTHOR:
Jonathan Kent
Telecommunications reform measures outlined in a draft bill due to go before the House of Assembly before its summer recess could spell the end for smaller operators in the industry and cost "hundreds of jobs".
That is the view of Jamie Thain, managi...
DATE: Jun 03, 2010
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AUTHOR:
Jonathan Kent
Butterfield Bank's share price yesterday surged 33 percent, helping to push The Royal Gazette/BSX Index up by 11.5 percent.
By early yesterday afternoon, Butterfield's common shares were trading at $2, up from Monday's closing price of $1.50.
Those w...
DATE: Jun 02, 2010
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AUTHOR:
Jonathan Kent
Bermuda's financial regulator is confident that it will achieve equivalence with the European Union's imminent Solvency II regulations.
Yesterday the Bermuda Monetary Authority (BMA) announced that it had taken an important step nearer that goal, by ...
DATE: Jun 02, 2010
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AUTHOR:
Jonathan Kent
Bermuda continues to have a bright future as a global insurance centre, despite political threats from the US and elsewhere, according to Flagstone Re co-founder Mark Byrne.
What matters to the Island is not whether insurers domicile their holding co...
DATE: Jun 01, 2010
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AUTHOR:
Jonathan Kent
