110 results returned for search: "" category "News" 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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AUTHOR:
Jonathan Kent
Butterfield Bank is in talks with institutional investors to raise a “significant” amount of new capital.
The bank made the announcement this morning, shortly after the Bermuda Stock Exchange suspended trading of its common shares.
“In response to en...
DATE: Mar 02, 2010
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AUTHOR:
Jonathan Kent
Butterfield Bank has obtained $550 million in new capital from several institutional investors and has replaced chief executive officer Alan Thompson.
As it announced a $213 million loss for 2009, the bank said it would also offer its existing shareh...
DATE: Mar 02, 2010
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AUTHOR:
Jonathan Kent
