2353 results returned for search: "" category "Other" author Jonathan Kent
The board of Bermuda-based reinsurer IPC Holdings Ltd. remains opposed to Validus Holdings Ltd.'s takeover offer and is negotiating with other potential suitors.
Yesterday, IPC said it had made some progress in discussions with Validus, but added its...
DATE: Jun 24, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda's economy has fared better than most through the financial crisis, but faces tough challenges ahead, according to Butterfield Bank chief executive officer Alan Thompson.
Commentating on a panel at the Bermuda Captive Conference, Mr. Thompson ...
DATE: Jun 23, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Visitor spending plunged more than 45 percent in the first three months of this year, according to figures released by the Department of Statistics.
The numbers in the Quarterly Bulletin of Statistics for the first quarter reveal the brutal economic ...
DATE: Jun 22, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Japanese officials were in Bermuda last week to negotiate a tax information exchange agreement (TIEA) with the Finance Ministry's Treaty Unit.
Finance Minister Paula Cox said in the House of Assembly on Friday that negotiations with Japan would be co...
DATE: Jun 22, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermudian Jenia Thompson is to open a new online clothes and accessories outlet, to be called the Lovit Boutique.
Ms Thompson said her aim was to attract shoppers who wanted to buy classy apparel at an affordable price.
"I've always had a passion for...
DATE: Jun 19, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
A group of US insurers has tried to rebut claims that a proposed change in US tax law would cost American consumers billions of dollars in increased insurance premiums.
The Coalition for a Domestic Insurance Industry claimed the Brattle Group report,...
DATE: Jun 18, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Some investors in the Butterfield Bank $200 million preference share issue have been told they will be able to buy only half of what they applied for.
Two investors who called this newspaper yesterday said they had been told that anyone who applied t...
DATE: Jun 18, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda-based insurer Ironshore is planning to double its business this year, says chief executive officer Kevin Kelley.
The privately-held company, now in its third year of operation, has expanded rapidly since setting up with $1 billion in capital ...
DATE: Jun 17, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Premier Ewart Brown told an insurance industry audience yesterday that proposed US tax code changes to target non-US insurers could spark an international trade war.
Dr. Brown, who was speaking to delegates at the Insurance Day Summit at the Fairmont...
DATE: Jun 17, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Just nine days after opening its $200 million preference share issuance, Butterfield Bank has stopped taking applications from prospective investors.
On Friday the bank also confirmed that investors in the preferred stock would get a return of exactl...
DATE: Jun 16, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
