2353 results returned for search: "" category "Other" author Jonathan Kent
Cable & Wireless has opened a new $10 million data centre that will add badly needed capacity to Bermuda's information technology infrastructure.
C&W Bermuda chief executive officer Gregory Jordan said Bermuda had "reached a standard of telecommunica...
DATE: Dec 15, 2008
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CATEGORY:
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AUTHOR:
Jonathan Kent
Bermuda-based financial guarantor Syncora Holdings Ltd. is set to be delisted from the New York Stock Exchange.
Syncora said in a statement released after the markets close on Friday that the NYSE will suspend trading in the company, which has been p...
DATE: Dec 15, 2008
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AUTHOR:
Jonathan Kent
The planned departure of a group of Bermuda-based corporations to Switzerland has attracted the attention of leading financial newspaper The Wall Street Journal.
In a story published on Friday, under the headline "Swiss gain as tax plan dims Bermuda'...
DATE: Dec 15, 2008
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AUTHOR:
Jonathan Kent
Bermuda insurance groups face a "real risk" of US tax law proposals that would impact them negatively becoming law by as soon as next year.
That is the view of Barclays Capital analysts Jay Gelb and Charles Marr, expressed in a note to investors yest...
DATE: Dec 12, 2008
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AUTHOR:
Jonathan Kent
Former Premier Sir John Swan has warned that Bermuda needs to wake up and realise it faces "severe consequences" from the global recession, including more job losses and falling property values.
The businessman said Bermuda's economy was hugely relia...
DATE: Dec 12, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Credit Suisse yesterday cut its share price target on Bermuda-based business insurer XL Capital Ltd. to $4 from $21.
The decision came the day after Bloomberg reported that the company was seeking a buyer.
Credit Suisse said in yesterday's research n...
DATE: Dec 12, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Former Premier Sir John Swan has warned that Bermuda needs to wake up and realise it faces "severe consequences" from the global recession, including more job losses and falling property values.
The businessman said Bermuda's economy was hugely relia...
DATE: Dec 11, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
The US Senate yesterday proposed draft legislation aimed at closing a "tax loophole" claimed to give some Bermuda insurance groups an advantage over their US rivals.
The move, which echoes the aims of the bill put forward in the House of Representati...
DATE: Dec 11, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
XL Capital Ltd. said last night it expected to report more than $200 million in losses from its alternative investment portfolio for the fourth quarter. And the company added that its fourth-quarter losses so far would be "largely in line with" third...
DATE: Dec 11, 2008
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AUTHOR:
Jonathan Kent
XL Capital Ltd.'s share price plunged 33 percent yesterday after a report that the Bermuda-based insurance giant is putting itself up for sale.
The Bloomberg business news agency reported that XL, which employs around 280 people at its Bermuda headqu...
DATE: Dec 11, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
