2353 results returned for search: "" category "Other" author Jonathan Kent
Inspectors from the International Monetary Fund (IMF) are on the Island as part of an ongoing assessment of offshore financial centres.
Bermuda is one of more than 40 jurisdictions scheduled to be visited by IMF reviewers this year and the delegation...
DATE: May 10, 2007
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda reinsurer ESG Re is suing accountancy firm Deloitte & Touche for $22 million in a case that opens in Dublin's High Court today.
ESG is claiming that it suffered a significant loss of business because three Deloitte companies were negligent an...
DATE: May 08, 2007
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda is one of the top five financial centres in the world and a secure jurisdiction, according to Digicel owner Denis O'Brien.
That is why the Irish entrepreneur, who has masterminded the phenomenal success of the Caribbean region's biggest cell ...
DATE: Apr 30, 2007
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Government is in the process of collecting information from around 1,500 Island businesses and organisations to monitor economic activity.
Questionnaires were mailed out this week by the Department of Statistics, which is gathering data for the annua...
DATE: Apr 27, 2007
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
KeyTech Ltd. is considering plans to install a new multi-million-dollar undersea telecommunications cable linking the Island with the US and has been in talks with potential fellow investors.
The Ministry of Environment, Telecommunications and E-Comm...
DATE: Apr 26, 2007
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
XL Capital Ltd. chief executive officer Brian O'Hara said yesterday that any new legislation that would force global insurers to pay more US tax would end up hurting policy-holders who lived in hurricane-prone areas.
Some Democratic Party politicians...
DATE: Apr 26, 2007
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda-based Orbis Mutual Funds will cease to use HSBC Bank of Bermuda as one of its administrative banks and is switching most of its funds to Citigroup by the end of this year.
The Fund made the announcement on its web-site yesterday, explaining t...
DATE: Apr 25, 2007
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda-based IPC Holdings Ltd. last night reported net income of $77.2 million for the first quarter and said it would repurchase up to $200 million of shares over the next 12 months.
IPC's net income was up by $14.6 million on the same period last ...
DATE: Apr 25, 2007
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda biggest company Ace Ltd. last night reported a 43-percent surge in first-quarter earnings to $701 million.
The insurer and reinsurer enjoyed improvements across the board as net investment income, combined ratio and underwriting income result...
DATE: Apr 25, 2007
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Everest Re Group Ltd. massively outperformed analysts' expectations as it reported first-quarter net income of $297.6 million — up almost 77 percent on the same period a year earlier.
Operating income, which excludes realised capital gains and losses...
DATE: Apr 24, 2007
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
