1541 results returned for search: "" category "Business" author David Fox, Business Editor
There was evidence of a Bermuda economy still in flux from the economic recession this week, as confirmation came that the Bermuda money supply this Cup Match holiday was at a seven-year low.
The news came during Bermuda tourism’s high season, and at...
DATE: Jul 31, 2014
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CATEGORY:
Other
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AUTHOR:
David Fox, Business Editor
The Bank of NT Butterfield & Son Ltd has declared net income for the second quarter ended 30 June of $27.5 million, down from $32.9 million in the same quarter a year ago.
The six-month net income was $50.7 million, up from $46.2 million for last ye...
DATE: Jul 30, 2014
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CATEGORY:
Local Business
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AUTHOR:
David Fox, Business Editor
RenaissanceRe Holdings Ltd continued strong underwriting profitability during the second quarter of 2014 — but with a notable drop in gross premiums written and underwriting income.
The Bermuda reinsurer last night reported underwriting income of $99...
DATE: Jul 30, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
David Fox, Business Editor
White Mountains Insurance Group, Ltd yesterday reported net income attributable to common shareholders of $96 million for the second quarter and $191 million for the first half of the year.
The results compared favourably to $26 million and $147 mill...
DATE: Jul 30, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
David Fox, Business Editor
Today’s economy is causing people to step out of their comfort zone and try something completely different.
Kim Wilson, a popular bar tender, has traded polishing drinks glasses, for polishing cars. Her new business, Bermuda DryWash, came about in a ...
DATE: Jul 29, 2014
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CATEGORY:
Local Business
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AUTHOR:
David Fox, Business Editor
XL Group plc yesterday announced a second-quarter net loss attributable to ordinary shareholders of $279.3 million compared to net income of $272.7 million in the prior year quarter, primarily due to a $621.3 million after-tax loss on the sale of the...
DATE: Jul 29, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
David Fox, Business Editor
Bermuda reinsurer Montpelier Re Holdings Ltd yesterday posted second-quarter earnings figures highlighted by strong underwriting profitability.
A leading provider of short-tail reinsurance and other speciality lines, Montpelier’s results included a 7...
DATE: Jul 29, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
David Fox, Business Editor
Allied World Assurance Company Holdings yesterday reported net income of $151.9 million for the second quarter of 2014 compared to a net loss of $1.9 million for the second quarter of 2013. Operating income was $76.1 million, down from $103.5 million...
DATE: Jul 24, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
David Fox, Business Editor
Even though there is little evidence of any strong uptick in economic activity to date, Bermuda’s economy has stabilised, LOM (Holdings) Ltd CEO Scott Lines said yesterday.
And he sees policy changes to attract more international capital into the rea...
DATE: Jul 24, 2014
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CATEGORY:
Local Business
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AUTHOR:
David Fox, Business Editor
The cost of healthcare in Bermuda is one of the highest in the world relative to economic output, according to the latest figures.
The National Health Accounts Report 2013 also indicates a rising tide of uninsured Bermudians.
And although Bermuda spe...
DATE: Jul 23, 2014
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CATEGORY:
Other
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AUTHOR:
David Fox, Business Editor
