2353 results returned for search: "" category "Other" author Jonathan Kent
Insurer Old Mutual believes its Bermuda life insurance unit can recover to profitability after it cost the group more than half a billion dollars last year.
The London-listed insurance and banking giant said it recognised a total loss of $508 million...
DATE: Mar 05, 2009
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AUTHOR:
Jonathan Kent
PartnerRe has a "strong competitive position and solid operating profitability", according to Fitch Ratings, which has affirmed the Bermuda reinsurer's financial strength rating at AA.
In a statement released yesterday, Fitch said it expected Partner...
DATE: Mar 05, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda is negotiating tax information exchange agreements (TIEAs) with 12 countries in an effort to boost transparency as world leaders look to clamp down on secretive tax havens.
The Island already has three TIEAs in force, with the UK, US and Aust...
DATE: Mar 04, 2009
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AUTHOR:
Jonathan Kent
Staff at the Bermuda offices of American International Group were yesterday told their work would remain unaffected by the turmoil surrounding the New York-based parent company.
George Cubbon, president and chief executive officer of AIG's Bermuda op...
DATE: Mar 04, 2009
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AUTHOR:
Jonathan Kent
US Senator Carl Levin's beefed-up bill to clamp down on tax havens could have a significant impact on global trade and tax agreements, Finance Minister Paula Cox said last night.
Sen. Levin's bill, co-sponsored by fellow Democrats Sheldon Whitehouse ...
DATE: Mar 04, 2009
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Other
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AUTHOR:
Jonathan Kent
Bermuda insurance companies IPC Holdings Ltd. and Max Capital Group Ltd. are to combine to create Bermuda's sixth largest global underwriter.
The new, Bermuda-based holding company will be called Max Capital Group and its president and chief executiv...
DATE: Mar 03, 2009
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Other
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AUTHOR:
Jonathan Kent
The global financial downturn deepened yesterday, as insurance giant American International Group was bailed out for the third time in five months by the US Government after announcing the biggest loss in corporate history.
Stock markets plunged arou...
DATE: Mar 03, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Hardy Underwriting Bermuda Ltd. intends to start writing business from a unit based on the Island by May this year.
Chief executive officer Barbara Merry told The Royal Gazette that the new Hardy Bermuda Ltd. operation would employ five or six people...
DATE: Mar 02, 2009
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Other
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AUTHOR:
Jonathan Kent
Argus Group Holdings Ltd. is about to appoint a chief operating officer — a new role designed to strengthen senior management in running a company that has grown in size and complexity in recent years.
Chief executive officer Gerald Simons said Argus...
DATE: Mar 02, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Souvenir store The Bee's Knees Ltd. is to close next week with the loss of two jobs.
The owner, who asked not to be named, said the lack of cruise ships in Hamilton meant the business was no longer sustainable.
"Although we will have a ship coming to...
DATE: Feb 27, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
