2353 results returned for search: "" category "Other" author Jonathan Kent
The board of IPC Holdings has urged the company's shareholders to reject the hostile takeover attempt by fellow Bermuda reinsurer Validus in favour of a merger with Max Capital.
IPC said its directors voted unanimously to reiterate their support for ...
DATE: May 04, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda-based Scottish Re Group Ltd. posted a net loss of $2.71 billion last year, the company announced last night - the biggest loss suffered by any company in the Bermuda insurance sector in 2008.
The life reinsurer, which has ceased writing new b...
DATE: May 01, 2009
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CATEGORY:
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AUTHOR:
Jonathan Kent
Finance Minister Paula Cox has lost her grip on public finances, said the Opposition after credit rating agency Moody's downgraded Bermuda Government bonds.
Acting Shadow Finance Minister Pat Gordon-Pamplin said the Island's first ever downgrade by M...
DATE: May 01, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda business insurer XL Capital Ltd is about three-quarters of the way through the process to "de-risk" its investment portfolio, the company's chief executive officer said yesterday.
Michael McGavick told The Royal Gazette that he could "see the...
DATE: Apr 29, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Most people think of fine wine as an expensive treat - but the managers of an unusual investment fund see it as a way of enhancing wealth.
After the Wine Investment Fund's (WIF) first five-year investment period closed last August, its investors were...
DATE: Apr 22, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Retailers took a severe blow from the economic downturn as their sales declined by 5.6 percent in February — or 11 percent after inflation is taken into account.
The March figures are likely to be even worse and the sector is certain to shed more job...
DATE: Apr 18, 2009
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Other
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AUTHOR:
Jonathan Kent
Disgraced Eliot Spitzer may be considering running again for his old position of New York Attorney General, according to a media report.
The news, which may send shudders downs the spines of some Bermuda insurance industry bosses, surfaced on the Pag...
DATE: Apr 17, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Finance Minister Paula Cox signed tax information-sharing agreements with eight countries yesterday — and then said Bermuda's inclusion on the OECD's tax transparency "grey list" was "misleading".
The Deputy Premier spent the day in Washington, DC, w...
DATE: Apr 17, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda reinsurer Validus Holdings Ltd. is to convene a special meeting of shareholders to try and win backing for its plan to take over fellow Island company IPC Holdings Ltd.
Validus announced yesterday that it has filed proxy materials with the US...
DATE: Apr 17, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Revenue has declined by around a quarter this year for Caribbean region hotels, an industry audience heard yesterday.
Duane Vinson, a vice-president of Smith Travel Research (STR), said a combination of lower hotel occupancy rates and discounted room...
DATE: Apr 16, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
