1727 results returned for search: "" category "Business" author Jonathan Kent
The increasing cost of employing people in Bermuda will add to the pressure on the Island's global re/insurers to locate more jobs in cheaper jurisdictions.
That is the view of Stephen Catlin, co-founder and chief executive officer of Catlin Group Lt...
DATE: Mar 23, 2010
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AUTHOR:
Jonathan Kent
Insurer and investment company BF&M Ltd. has announced it will be maintaining its 20 cents per share dividend for shareholders of record at March 31, payable on April 15.
The announcement means the company will maintain the 20-cent dividend for a nin...
DATE: Mar 22, 2010
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AUTHOR:
Jonathan Kent
Merger talks between numerous Bermuda insurers took place last year, but few deals came off because market valuations were so low.
That was one of the revelations in a report by accountancy firm PricewaterhouseCoopers on the top issues facing Bermuda...
DATE: Mar 22, 2010
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AUTHOR:
Jonathan Kent
Bermuda-based Omega Insurance Holdings has replaced its chief executive officer following a boardroom battle that brought in six new directors.
The new CEO is Richard Pexton, formerly CEO of Argo Group's Lloyd's platform, Heritage Underwriting Agency...
DATE: Mar 22, 2010
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AUTHOR:
Jonathan Kent
Bermuda has concluded negotiations of a tax information exchange agreement (TIEA) with the Republic of South Africa that will be signed later this year.
Finance Minister Paula Cox announced the news in the House of Assembly on Friday and said the ag...
DATE: Mar 22, 2010
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AUTHOR:
Jonathan Kent
The 23 re/insurers who make up the membership of the Association of Bermuda Insurers (ABIR) and Reinsurers last year wrote $61 billion in gross premiums and racked up combined earnings of $12.4 billion.
The capital and surplus base of the group rocke...
DATE: Mar 19, 2010
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AUTHOR:
Jonathan Kent
Butterfield Bank's share price is trading well above its "normalised value", according to one analyst.
Nathan Kowalski, of Anchor Investment Management, a chartered financial analyst, estimates the normalised value of a Butterfield common share at be...
DATE: Mar 19, 2010
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AUTHOR:
Jonathan Kent
Many Bermuda international insurance companies will likely move their holding companies elsewhere within the next few years, according to a leading industry figure.
Flagstone Reinsurance Holdings Ltd. chairman Mark Byrne said yesterday that he was aw...
DATE: Mar 18, 2010
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AUTHOR:
Jonathan Kent
Plans to create a Bermuda Insurance Exchange have been put to Government, Flagstone Reinsurance Holdings Ltd. chairman Mark Byrne revealed yesterday.
During a panel discussion on the attempts to resurrect the New York Insurance Exchange (NYIE) and wh...
DATE: Mar 18, 2010
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AUTHOR:
Jonathan Kent
Bermuda Press (Holdings) Ltd. (BPH) yesterday reported a profit of $63,000 for the year through September 2009 — a 96 percent fall from the prior year's earnings of $1.78 million.
The owner of The Royal Gazette and a portfolio of other local business...
DATE: Mar 18, 2010
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AUTHOR:
Jonathan Kent
