2353 results returned for search: "" category "Other" author Jonathan Kent
The tourism industry is facing a tough couple of years ahead — but by 2011 solid growth should return.
That is the view of Avery Shenfeld, managing director and chief economist of Canadian Imperial Bank of Commerce (CIBC), who reckons the US economy ...
DATE: Apr 16, 2009
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AUTHOR:
Jonathan Kent
More than 100 less than happy Butterfield Bank shareholders yesterday gave the go-ahead for a $200 million capital raise through the sale of preference shares guaranteed by the Bermuda Government.
The plan, designed to give the bank a "capital cushio...
DATE: Apr 15, 2009
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AUTHOR:
Jonathan Kent
The insurance cycle has taken the industry through some dramatic ups and downs over the years — but the near future at least could be a much smoother ride.
That is the view of Andrew Turnbull, who heads up the Bermuda operation of 2008 start-up Torus...
DATE: Apr 14, 2009
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AUTHOR:
Jonathan Kent
Bermuda insurer Ironshore has announced the appointment of another two experienced former American International Group executives to bolster its US operations.
Tim McAuliffe is to take over as president of Ironshore's US Specialty Casualty unit, whil...
DATE: Apr 13, 2009
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AUTHOR:
Jonathan Kent
Bermuda reinsurer RenaissanceRe last week won an award from the National Hurricane Conference as one of the sponsors of the StormStruck exhibit at the Walt Disney World resort.
Since the exhibit opened at Epcot last August, hundreds of thousands of p...
DATE: Apr 13, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda reinsurer Validus Holdings Ltd. has filed a proxy document detailing why it believes fellow shareholders of fellow Island company IPC Holdings Ltd. should not approve an agreement to merge with Max Capital Group Ltd.
Validus made its own $1.6...
DATE: Apr 13, 2009
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AUTHOR:
Jonathan Kent
Validus Holdings Ltd. says it will canvass shareholders of IPC to try to persuade them to vote against the company's proposed merger with Max Capital.
In a statement released last night, Validus chief executive officer Ed Noonan said he was "extremel...
DATE: Apr 09, 2009
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AUTHOR:
Jonathan Kent
Bermuda-based Pentelia Capital Management has teamed up with Japanese giant Mitsubishi Corporation to create a new alternative investment fund to focus on insurance-linked securities.
Eolia Diamond Ltd. starts with $132 million and will be involved w...
DATE: Apr 09, 2009
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AUTHOR:
Jonathan Kent
Bermuda bond reinsurer Ram Holdings Ltd. has agreed to pay almost $100 million to Ambac to terminate its $7.4 billion portfolio of business with the US bond insurer.
Ram said the portfolio included $4.95 billion of public finance par outstanding and ...
DATE: Apr 09, 2009
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AUTHOR:
Jonathan Kent
IPC Holdings said last night that its board of directors had reaffirmed its commitment to a merger agreement with fellow Bermuda re/insurer Max Capital, after considering a rival offer from Validus Holdings.
IPC and Max announced their plans to merge...
DATE: Apr 08, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
