2353 results returned for search: "" category "Other" author Jonathan Kent
The Bermuda-based private-equity services operations of Schroders have been acquired by the global custody and fund services arm of US banking giant JP Morgan.
Around 50 people work at Schroders' Bermuda office, based in Schroders House, on Front Str...
DATE: Apr 30, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Shareholders of Max Capital Group Ltd. and Harbor Point Ltd. have "overwhelmingly" approved the merger of the two Bermuda re/insurers.
Pending regulatory approvals, the two companies expect to complete their amalgamation before the end of June.
The c...
DATE: Apr 30, 2010
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CATEGORY:
Other
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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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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda is battling for captive insurance company business at the RIMS annual conference in Boston — and the technical expertise of the Island's insurance regulators is one of their main weapons.
Several of the inquiries coming in at the Bermuda boot...
DATE: Apr 28, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Finance Minister Paula Cox got a warm reception from insurance industry delegates in Boston yesterday, as she headed the Bermuda delegation in what has become a traditional walkabout at the RIMS annual conference.
Ms Cox said in an interview that it ...
DATE: Apr 28, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Butterfield Bank yesterday announced a first-quarter loss of $176.3 million — largely as a result of offloading most of the troubled assets that plunged the bank into turmoil over the past two years.
Chief Executive Officer Brad Kopp said that the ba...
DATE: Apr 28, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda re/insurer Axis Capital Holdings Ltd. posted a $112 million profit for the first quarter — despite catastrophe losses estimated at $147 million.
In its earnings statement last night, Axis estimated pre-tax net losses of around $100 million fo...
DATE: Apr 27, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
QuoVadis has become the first provider to roll out Switzerland's first national electronic ID, after signing up the Swiss Bar Association and its 9,000 members as new clients.
The 11 year-old company, which has expanded internationally out of humble ...
DATE: Apr 27, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
The Bermuda booth at the Risk and Insurance Management Society's (RIMS) annual conference in Boston attracted international interest yesterday.
Allison Towlson, chairman of Bermuda's Insurance Development Council (IDC), said the booth had seen a stro...
DATE: Apr 27, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda yesterday signed its first ever full double-taxation agreement (DTA) with the Kingdom of Bahrain.
The agreement is a reciprocal arrangement between the Middle Eastern country and Bermuda not to tax the repatriated income that a firm or a nati...
DATE: Apr 23, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
