1727 results returned for search: "" category "Business" 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
Bermuda-based Flagstone Reinsurance Holdings Ltd. announced a fourth-quarter net loss of $75.6 million on a decline in the value of its investments.
The class of 2005 reinsurer posted solid underwiting results, but they were overshadowed by realised ...
DATE: Feb 18, 2009
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AUTHOR:
Jonathan Kent
Axis Capital chairman Michael Butt says Bermuda has to "stay on its toes" to ensure it continues to attract international business as it faces multiple threats from potential changes in US taxation law, competition from rival jurisdictions and the ch...
DATE: Feb 17, 2009
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AUTHOR:
Jonathan Kent
Finance Minister Paula Cox yesterday presented $12,000 to the six successful applicants to earn passage through to the second round of the Economic Empowerment Zone design competition.
The competition was seeking entries for idea to establish various...
DATE: Feb 17, 2009
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AUTHOR:
Jonathan Kent
