2353 results returned for search: "" category "Other" author Jonathan Kent
Bermuda-based Intelsat Ltd. announced that it was the successful bidder in last Thursday's public auction for the Protostar 1 satellite with a $210 million, all cash offer.
The seller Protostar, also based in Bermuda, put the satellite up for auctio...
DATE: Nov 02, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Finance Minister Paula Cox agrees with UK Treasury investigator Michael Foot's conclusion that a more diversified tax base could help to defend Bermuda against the impact of economic shocks.
She added that Bermuda had "fared relatively well" in the r...
DATE: Oct 30, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
A British Treasury minister yesterday said UK offshore financial centres like Bermuda should broaden their tax bases to better withstand economic shocks.
The comments from Stephen Timms, a junior UK finance minister, came after the publication of a r...
DATE: Oct 30, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Two directors have resigned from the board of the fund whose listing was suspended by the Bermuda Stock Exchange (BSX) after another board member was charged in an insider trading case.
The BSX announced yesterday that John Eager and Robert Steinberg...
DATE: Oct 29, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda insurer American Safety Insurance Holdings, Ltd. last night reported net earnings of $5 million for the third quarter, as underwriting revenue soared.
The company said that gross premiums written climbed 24.3 percent to $92.6 million in the J...
DATE: Oct 29, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda business insurer XL Capital Ltd. last night posted a net loss of $11.4 million for the third quarter — primarily due to $310.8 million of realised investment losses.
But the company, which made a loss of more than $2.5 billion in a traumatic ...
DATE: Oct 29, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Torus Insurance Holdings Ltd. posted a $30 million loss in its first year of operation, commentary by ratings agency AM Best has revealed.
The Bermuda-based company, which is privately held and so is not obliged to report earnings, had its A- financi...
DATE: Oct 29, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda-based re/insurer Arch Capital Group Ltd. last night reported net income of $274.4 million - a tenfold improvement over the same period last year.
The company also enjoyed a spectacular 14.4 percent increase in book value during the July throu...
DATE: Oct 27, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Financial regulator the Bermuda Monetary Authority today announced a joint initiative with industry representatives and the Pensions Commission aimed at improving disclosure practices among Bermuda pension providers and investment firms.
A working gr...
DATE: Oct 23, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
International business visitors already face challenges finding a hotel room in Bermuda in the months either side of summer — and the imminent closure of the main hotel building at the Elbow Beach resort will only add to their challenges.
That is the...
DATE: Oct 22, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
