1710 results returned for search: "" category "Business" author Jonathan Kent
Bermuda College economist Craig Simmons says Bermuda could see a severe recession, with a decline of 10 percent in gross domestic product (GDP) "a distinct possibility".
The respected commentator on the local economy said Finance Minister Paula Cox h...
DATE: Feb 23, 2009
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AUTHOR:
Jonathan Kent
It's a sad fact that clearing unexploded ordnance is one of the world's great growth industries.
At current rates of progress, it would take about 1,000 years to remove all the mines and bombs that menace the hot spots of the world — and that's if no...
DATE: Feb 20, 2009
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AUTHOR:
Jonathan Kent
Citigroup plans to make job cuts at its Bermuda operations, where it employs some 230 people, The Royal Gazette has learned.
Sources have revealed to this newspaper that some staff will definitely go, without saying how many, or when the cuts will ta...
DATE: Feb 20, 2009
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AUTHOR:
Jonathan Kent
XL Capital Ltd. chief executive officer Mike McGavick believes the United States will see Bermuda's insurance industry as "too valuable to undermine" when lawmakers consider whether to make tax law changes that could hurt the Island's major industry....
DATE: Feb 20, 2009
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AUTHOR:
Jonathan Kent
H. Davidson and Co. is to cease trading on May 1 after nearly 40 years in business — but its dive shop and some of its wholesale unit will remain in operation under new ownership.
The Thistle Gallery, on Park Street, Hamilton, an antique and collecti...
DATE: Feb 20, 2009
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AUTHOR:
Jonathan Kent
PLATINUM Q4
REPORT CARD
Net income: $64.1 million compared to $102.2 million in 2007.
Combined ratio: 97.7 percent compared to 75.3 percent in 2007.
Net premiums written: $237.3 million compared to $241 million in 2007.
Platinum Underwriters Holdings...
DATE: Feb 19, 2009
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AUTHOR:
Jonathan Kent
Bermuda-based Nordic American Tankers Ltd. yesterday boosted its earnings capacity with the delivery of its latest tanker, named Nordic Sprite.
The debt-free oil tanker operator has now expanded its fleet to 15 Suezmax tankers — so called because the...
DATE: Feb 19, 2009
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AUTHOR:
Jonathan Kent
Investment losses wiped out a profitable underwriting performance for Montpelier Re Holdings Ltd., which reported a net loss of $47.7 million for the fourth quarter.
Operating income totalled $57 million for the three months ended December 31, or 68 ...
DATE: Feb 18, 2009
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AUTHOR:
Jonathan Kent
Catastrophe reinsurance specialist IPC Holdings Ltd. passed a stern test of its business model by making net income of $90.4 million last year.
The 15-year-old Bermuda company's net income for the year was down by more than three quarters compared to...
DATE: Feb 18, 2009
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AUTHOR:
Jonathan Kent
An increase to the loss estimate from Hurricane Ike drove Arch Capital Group Ltd. to a fourth-quarter loss of $143 million.
The Bermuda-based insurer and reinsurer last night said the company's results for the last three months of 2008 had been impac...
DATE: Feb 18, 2009
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AUTHOR:
Jonathan Kent
