2353 results returned for search: "" category "Other" author Jonathan Kent
Bermuda’s insurance regulation regime for big commercial re/insurers is largely equivalent with the new European Solvency II regulations, according to a consultation document published yesterday by European assessors.
However, more enhancements need ...
DATE: Aug 18, 2011
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
There are many good reasons why there should be more mergers and acquisitions (M&A) in the Bermuda insurance market - but don’t expect to see a wave of consolidation.
That was the consensus view of a CEO panel at the Ernst & Young Property/Casualty Y...
DATE: Dec 14, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Ace Ltd’s Bermuda operations have had their financial strength and counterparty credit ratings raised to AA- (very strong) by Standard & Poor’s.
The ratings agency announced on Friday that Ace’s core Bermuda, European and North American operating ins...
DATE: Dec 13, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Ignition Bermuda Ltd is one of those rare businesses to have benefited from the recession.
That’s the view of the company’s chief executive officer Graham Pearson, who said cost-cutting firms were increasingly seeing the benefits of outsourcing their...
DATE: Dec 13, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda reinsurers’ voracious appetite for repurchasing their own shares shows no sign of being sated.
Yesterday, Validus Holdings Ltd said it expected to buy back $238 million worth of its shares as the result of a tender offer, while PartnerRe Ltd ...
DATE: Dec 10, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Residential properties are holding their value well despite the effects of the economic downturn.
That is the view of Buddy Rego, president of Rego Sotheby’s International Realty, who said the price of stand-alone homes had risen 11 percent and condo...
DATE: Dec 09, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Mark Byrne has stepped down from the board of Flagstone Reinsurance Holdings, the company he co-founded in Bermuda five years ago.
The company also announced yesterday that it would pay more than $100 million to buy shares and a warrant owned by comp...
DATE: Dec 09, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Two young Bermudian entrepreneurs are to launch a boutique selling exotic products from Thailand in a shopping night to be held at the Port O’ Call restaurant tomorrow night.
Rachel Sawden’s business, Wanderlust Boutique, will offer hand-made jewelle...
DATE: Dec 09, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
The annual rate of inflation fell back to three percent in October from its 19-month high of 3.4 percent the month before.
The figure was revealed in the Consumer Price Index, released by Government’s Department of Statistics yesterday.
The fuel and ...
DATE: Dec 08, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
It’s a tale of two houses, captured on a dramatic video.
Two wooden, three-bedroom houses, side by side, when a 95 mph wind starts raging.
Within a few moments one of the homes is reduced to a pile of debris by the violent gusts, while the other stan...
DATE: Dec 08, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
