2353 results returned for search: "" category "Other" author Jonathan Kent
Proxy advisory firm RiskMetrics Group is recommending that IPC Holdings Ltd. shareholders vote against a merger with fellow Bermuda company Max Capital Group Ltd. next week.
And RiskMetrics believes that an offer by another Bermuda insurance company,...
DATE: Jun 04, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Fierce competition in the local wireless telecommunications industry is benefiting the consumer in the form of progressively better service and pricing, according to the Computer Society of Bermuda.
CSB yesterday published a "quick reference guide" g...
DATE: Jun 03, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
The nearly 700 Chevrolet owners on the Island need have no concern about the supply of parts or new vehicles as a result of the General Motors bankruptcy.
That is the view of Daniel Greenslade, owner of auto dealer Rayclan Chevrolet, which has sold t...
DATE: Jun 02, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Many of Bermuda's international companies have indicated to Government that they are here "for the long haul", Finance Minister Paula Cox said.
Speaking after last week's announcement by Accenture that it intended to leave for Ireland, Ms Cox said th...
DATE: Jun 01, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Butterfield Bank has invited prospective investors in its upcoming $200 million issuance of preferred shares to a series of information sessions this week.
Three sessions will be held on Wednesday at the Bermuda Underwater Exploration Institute, at 1...
DATE: Jun 01, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
The Bermuda Supreme Court has dismissed the application by Bermuda reinsurer Validus Holdings Ltd. to convene a meeting of IPC Holdings Ltd. shareholders in connection with its attempted hostile takeover of the company.
Validus wants to derail a plan...
DATE: Jun 01, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
BF&M Ltd.'s first-quarter earnings plunged by 88 percent as the accounting value of conservative long-term investments fell by more than $10 million.
The insurer and pension provider recorded net earnings of $0.89 million for the first three months o...
DATE: May 29, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Accountancy firm KPMG yesterday announced it is cutting its Bermuda workforce by nine due to the impact of "the unprecedented global economic situation".
In a statement yesterday, the company said the nine accountants being released today were all no...
DATE: May 29, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
The spate of departures of Bermuda international companies to Europe is a matter of concern, but this is no time to panic.
That was the message yesterday from a business leader and a politician who believe the trend is a signal to the Island to do ev...
DATE: May 29, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Argus Group Holdings Ltd. yesterday announced it had agreed in principle to settle a class action lawsuit pending in a New York court relating to losses stemming from the Bernard Madoff fraud.
The case had been brought against Argus and Argus Interna...
DATE: May 28, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
