2353 results returned for search: "" category "Other" author Jonathan Kent
Around four dollars in every ten of deposits in Bermuda's banks are held by non-residents — and any sudden withdrawal of a large proportion of that money would put pressure on the Island's balance of payments and its fixed exchange rate with the US d...
DATE: May 18, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Offering investment products that are not directly correlated to the financial markets could be one of the keys to persuading investors to get their money back to work in these uncertain times.
That is the view of Fabian Schonenberg, of Tromino Finan...
DATE: May 18, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Standard & Poor's yesterday changed its credit ratings outlook for Bermuda to negative from stable, citing risks stemming from the Island's banking system.
The New York-based rating agency affirmed Bermuda's AA long-term and A-1+ short-term sovereign...
DATE: May 16, 2009
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Other
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AUTHOR:
Jonathan Kent
Bermuda re/insurers IPC Holdings and Max Capital said last night they had cleared the regulatory hurdles needed to go ahead with their amalgamation, and they expected the merger transaction to be completed on June 12, pending shareholder approval.
Th...
DATE: May 15, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Amlin Bermuda's gross premiums written rose by 16 percent in the first four months of this year, the unit's London-based parent company stated yesterday.
Higher rates, a healthy renewal ratio and some new business all helped the Island unit write $19...
DATE: May 14, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
The Bermuda insurance sector has dodged a potential bullet from the US with the news that President Barack Obama did not include the tax code change that many on the Island had feared in his plans to clamp down on offshore tax avoidance.
When he reve...
DATE: May 13, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda is maturing as an international business jurisdiction as the Government machinery needed to deal with the weight of the tiny Island's outsize international business sector continues to develop.
The Finance Ministry's International Business te...
DATE: May 13, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Ensuring Bermuda climbs onto the 'white list' of the Organisation for Economic Cooperation and Development is critical to the Island's economic future.
Organising the tax information exchange agreements (TIEAs) that will allow Bermuda to shed the lab...
DATE: May 12, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda's tax information exchange agreement (TIEA) tally has been updated to 11 by the OECD - one short of qualifying for promotion from the "grey list" of tax havens.
The list was last updated on April 2, the day that G20 leaders met in London and ...
DATE: May 11, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Butterfield Bank yesterday announced a first-quarter net loss of $20.8 million, after writing down the value of a US mortgage-linked investment by $37.5 million.
Chief executive officer Alan Thompson said Butterfield had felt the impact of the recess...
DATE: May 08, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
