112 results returned for search: "" category "News" author Jonathan Kent
Government is today set to try to raise up to half-a-billion dollars in a sale of 10-year bonds.
According to an explanatory note sent out to some financial institutions yesterday, Government intends to raise between $400 million and $500 million tod...
DATE: Jul 13, 2010
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AUTHOR:
Jonathan Kent
Seniors will see no rise in their Government pension benefits this year, after eight successive years of increases.
Government will also freeze the level of contributions into the Contributory Pension Fund, Finance Minister Paula Cox said yesterday.
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DATE: Jun 26, 2010
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AUTHOR:
Jonathan Kent
DATE: May 05, 2010
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AUTHOR:
Jonathan Kent
Bermuda-based reinsurer PartnerRe Ltd. today announced that chief executive officer Patrick Thiele will retire at the end of this year.
During his ten-year tenure with the company, Mr. Thiele has overseen the growth of PartnerRe into a top-five globa...
DATE: May 04, 2010
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AUTHOR:
Jonathan Kent
The new owners of Bermuda Commercial Bank Ltd. (BCB) have announced an agreement to buy First Bermuda Group Ltd. (FBG).
The deal is conditional on the approval of shareholders of both companies and regulator the Bermuda Monetary Authority.
Permanent ...
DATE: Apr 29, 2010
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AUTHOR:
Jonathan Kent
Bermuda Commercial Bank Ltd. (BCB) yesterday ended a four-year search for a buyer as it sold a controlling interest to Permanent Investment Holdings Ltd. for around $34.2 million.
The deal is a boost for BCB shareholders who will be offered $9.88 eac...
DATE: Apr 16, 2010
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AUTHOR:
Jonathan Kent
Bermuda's economic woes deepened in the last three months of 2009, new figures released by Government show.
The Quarterly Bulletin of Statistics suggests that the slumping local economy is becoming increasingly reliant on international business and t...
DATE: Apr 01, 2010
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AUTHOR:
Jonathan Kent
Shares of Butterfield Bank plunged nearly 30 percent yesterday to their lowest level since 1997.
The fall to $2 per share in Bermuda Stock Exchange (BSX) trading was expected after a deal that pumped $550 million of new capital into the bank was anno...
DATE: Mar 04, 2010
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AUTHOR:
Jonathan Kent
Bermuda re/insurers Max Capital Group Ltd. and Harbor Point Ltd. said today their boards of directors had agreed to “a merger of equals” to create a new company.
Holders of Harbor Point common stock will each receive a fixed exchange ratio of 3.7769 ...
DATE: Mar 03, 2010
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AUTHOR:
Jonathan Kent
Butterfield Bank yesterday announced it had raised $550 million of new capital from mostly foreign investors and replaced Alan Thompson as chief executive officer.
The news came as the bank declared a net loss of $213.4 million for last year and susp...
DATE: Mar 03, 2010
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CATEGORY:
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AUTHOR:
Jonathan Kent
