1685 results returned for search: "" category "Business" author Jonathan Kent
A Bermuda investment management company is being sued by a class-action lawsuit over money lost in relation to an alleged $3 billion Ponzi scheme.
Bermuda-incorporated Blue Point Management Ltd. is one of the defendants in a case brought by sharehold...
DATE: Jul 14, 2009
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AUTHOR:
Jonathan Kent
It is too early to say what impact Validus Holdings Ltd.'s takeover of fellow Bermuda reinsurer IPC Holdings Ltd. will have on jobs, according to the man who will lead the combined company.
Ed Noonan, chairman and chief executive officer of Validus, ...
DATE: Jul 14, 2009
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Jonathan Kent
Validus Holdings Ltd. has emerged on top in the protracted bidding war for IPC Holdings Ltd. after reaching an agreement to buy IPC in a sweetened cash-and-shares deal worth $1.67 billion.
Provided the shareholders of the two reinsurers approve the d...
DATE: Jul 10, 2009
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AUTHOR:
Jonathan Kent
IPC Holdings Ltd.'s interim chief executive officer John Weale said yesterday that the Bermuda reinsurer has received several proposals of interest beside the takeover bids tabled by Validus Holdings Ltd. and Flagstone Reinsurance Holdings Ltd.
Chief...
DATE: Jul 09, 2009
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AUTHOR:
Jonathan Kent
Bermuda-based PartnerRe Ltd. has agreed to buy Paris Re Holdings Ltd. in a $2 billion deal that will make it the fourth largest reinsurer in the world.
PartnerRe chief executive officer Patrick Thiele said PartnerRe would become a larger and stronger...
DATE: Jul 07, 2009
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AUTHOR:
Jonathan Kent
The voracious take-up of Butterfield Bank's $200 million preference share offering has shown the local capacity and appetite for sound investments with an attractive yield.
The is the view of Greg Wojciechowski, president and CEO of the Bermuda Stock...
DATE: Jul 06, 2009
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AUTHOR:
Jonathan Kent
listing of Butterfield Bank's preference shares on the Bermuda Stock Exchange has been officially launched.
DATE: Jul 04, 2009
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AUTHOR:
Jonathan Kent
Argus Group Holdings Ltd. yesterday announced a net loss of $115.7 million for the year ending March 31, 2009 — the first annual loss in the company's 60-year history.
Chief executive officer Gerald Simons said earnings had been "severely impacted by...
DATE: Jul 03, 2009
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AUTHOR:
Jonathan Kent
Bermuda-based bond insurer Assured Guaranty Ltd. yesterday completed its acquisition of Financial Security Assurance Holdings Ltd. (FSA) from Dexia SA, boosting its claims-paying ability to around $12.5 billion.
In a statement yesterday, Assured said...
DATE: Jul 02, 2009
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AUTHOR:
Jonathan Kent
Efforts by the US tax authorities to tighten up scrutiny of offshore hedge funds will have
Stepping up its scrutiny of offshore investing, the IRS demanded that hedge-fund and private-equity investors disclose hundreds of billions of dollars they hav...
DATE: Jul 02, 2009
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AUTHOR:
Jonathan Kent
