112 results returned for search: "" category "News" author Jonathan Kent
Fitch Ratings today affirmed its high ratings on Bermuda’s creditworthiness and said the Island is “in a strong starting position for facing the global economic crisis”.
The American ratings agency maintained Bermuda’s foreign currency Issuer Default...
DATE: Sep 09, 2009
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AUTHOR:
Jonathan Kent
Health insurers are feeling the strain from a rise in the cost of hospital fees — and that could lead to higher premiums for policyholders next year.
In its half-year results published yesterday, insurer BF&M Ltd. said the sum paid out on policy bene...
DATE: Sep 04, 2009
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AUTHOR:
Jonathan Kent
Stores took fewer dollars at the till for a fifth successive month, prompting one industry leader to describe retail as "an industry in crisis".
Retail sales fell 4.5 percent in June, as shoppers continued to tighten their purse strings, figures rele...
DATE: Aug 14, 2009
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AUTHOR:
Jonathan Kent
The annual rate of inflation fell to 1.2 percent in June — its lowest point for at least 32 years — according to Government figures released yesterday.
The figure marked a slight drop from the May rate of 1.4 percent, which was the lowest rate since ...
DATE: Aug 07, 2009
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AUTHOR:
Jonathan Kent
Those with savings or investments with the British American Insurance Company (BAICO) have been warned they face losing some of their money, after winding-up proceedings began against the insurer's Bermuda branch yesterday.
But BAICO's health insuran...
DATE: Aug 04, 2009
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AUTHOR:
Jonathan Kent
Those with savings or investments with the British American Insurance Company (BAICO) have been warned they face losing some of their money, after winding-up proceedings began against the insurer’s Bermuda branch.
But BAICO’s health insurance policyh...
DATE: Aug 03, 2009
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AUTHOR:
Jonathan Kent
Validus Holdings Ltd. has agreed to buy fellow Bermuda reinsurer IPC Holdings Ltd. in a deal worth $1.7 billion.
The two companies announced that their boards of directors has agreed on a sweetened deal, which saw Validus double the cash payment it i...
DATE: Jul 09, 2009
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AUTHOR:
Jonathan Kent
Administrators working on the winding up of Bermuda investment firm Emerald Financial Group Ltd. are "hopeful" that many investors will get their money back, it emerged yesterday.
Bermuda Police arrested a 45-year-old woman last Thursday — reportedly...
DATE: Jul 04, 2009
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AUTHOR:
Jonathan Kent
Bermuda investment firm Emerald Financial Group is facing a winding-up action, after financial regulator the Bermuda Monetary Authority took enforcement action yesterday.
The news came after the arrest of a 45-year-old woman yesterday in connection w...
DATE: Jul 02, 2009
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AUTHOR:
Jonathan Kent
The Bermuda Monetary Authority today initiated winding-up proceedings against local investment firm Emerald Financial Group (EFG).
This afternoon’s announcement by the financial regulator followed the arrest of a 45-year-old woman this morning in con...
DATE: Jul 01, 2009
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AUTHOR:
Jonathan Kent
