1717 results returned for search: "" category "Business" author Jonathan Kent
Many Bermuda companies are facing the prospect of changing the way they report their financial results, as regulators seek to move towards a global accounting standard.
The Island's publicly listed companies will have to adopt International Financial...
DATE: Dec 02, 2009
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AUTHOR:
Jonathan Kent
Rumours of a mega-merger in the Bermuda reinsurance market are circulating again.
The latest report comes from Reinsurance magazine, which cites sources who say that Aspen and Ariel Re are "close to signing a merger agreements".
The story quotes Lond...
DATE: Dec 01, 2009
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AUTHOR:
Jonathan Kent
Financial regulator the Bermuda Monetary Authority says it has taken no action against the fund and fund manager that has been at the centre of a $6 million fraud probe.
Interinvest (Bermuda) Ltd. and the fund it manages, the Hedge Hog and Conserve F...
DATE: Dec 01, 2009
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AUTHOR:
Jonathan Kent
Bermuda IT security provider QuoVadis is to participate in SuisseID, a national e-identity programme being launched by Switzerland next spring.
QuoVadis is one of three digital certificate providers participating in SuisseID, which has been allocated...
DATE: Nov 30, 2009
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AUTHOR:
Jonathan Kent
Most of Bermuda's property and casualty (re)insurers are trading well below their book values after a year in which they have recovered strongly from the tumult of 2008.
A lack of expensive catastrophes and rebounding financial markets have helped th...
DATE: Nov 26, 2009
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AUTHOR:
Jonathan Kent
More than 90 percent of residents surveyed believe international business is the main driver of the Island's economy and that it has a positive impact.
Almost half believed that international businesses are leaving Bermuda because of a variety of rea...
DATE: Nov 25, 2009
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AUTHOR:
Jonathan Kent
Butterfield Bank's new chief financial officer Bradford Kopp says the bank is working hard to steady its investment portfolio after the losses it suffered during the financial crisis.
In his first interview since taking on his new role two weeks ago,...
DATE: Nov 25, 2009
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AUTHOR:
Jonathan Kent
Bermuda-based investment company WP Stewart & Co. Ltd. reported a net loss of $9.6 million for first half of this year, as revenue plunged.
Income from fees dipped from $17.6 million to $8 million for the January through June period as total revenue ...
DATE: Nov 24, 2009
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AUTHOR:
Jonathan Kent
Bermuda insurer and investment company BF&M Ltd. achieved a seven percent increase in profits through the first nine months of the year, helped by rebounding financial markets.
Net earnings for the nine-month period ended September 30, 2009 were $16....
DATE: Nov 20, 2009
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AUTHOR:
Jonathan Kent
Topping the list of concerns of Island CEOs surveyed by the Association of Bermuda International Companies (ABIC) is not work permits or taxation policy — but public education.
The revelation came yesterday at from ABIC chairman David Ezekiel, as he ...
DATE: Nov 18, 2009
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AUTHOR:
Jonathan Kent
