1710 results returned for search: "" category "Business" author Jonathan Kent
WP Stewart & Co. Ltd. has been granted a primary listing of its common shares on the Bermuda Stock Exchange, the investment company announced yesterday.
The company also said it had applied to the US Securities and Exchange Commission to deregister i...
DATE: Jan 27, 2009
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AUTHOR:
Jonathan Kent
Bermuda-based PartnerRe expects to write $2.1 billion of non-life premium for the January 1 renewal season, a result which the reinsurer's chief executive officer Patrick Thiele believes indicates a positive change of direction in the market.
The com...
DATE: Jan 26, 2009
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Jonathan Kent
Bermuda-based Max Capital Group Ltd. said its hedge fund investments declined in value by some $233 million in 2008 contributing to a fall in book value for the year of at least 16 percent.
In its year-end letter to shareholders, released last Friday...
DATE: Jan 26, 2009
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AUTHOR:
Jonathan Kent
The Argus Group is being sued by a life insurance client who saw their policy's cash value slump due to investment exposure to funds operated by disgraced financier Bernard Madoff.
The legal move came after Argus sent out an e-mail to some clients la...
DATE: Jan 23, 2009
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AUTHOR:
Jonathan Kent
Walker Christopher Ltd.'s Front Street jewellery store is to close for the next five weeks or so for renovations.
Yesterday, work was going on in the empty interior of the premises, at 9 Front Street, opposite the Bank of Bermuda's head office.
A not...
DATE: Jan 21, 2009
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AUTHOR:
Jonathan Kent
Bermuda Container Lines Ltd. (BCL) yesterday announced that its earnings through the first nine months of 2008 fell 13.3 percent to $2.82 million after a substantial fall in investment income.
And a dramatic reduction in imports since mid-October doe...
DATE: Jan 21, 2009
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AUTHOR:
Jonathan Kent
Bermuda recorded a current account surplus of $548 million in the third quarter of 2008 — a rise of 30 percent compared to the same period the previous year — despite a plunge in tourism revenue.
The surplus, which reflects the difference between rec...
DATE: Jan 20, 2009
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AUTHOR:
Jonathan Kent
Bermuda-based investment funds lost $39 billion of their net asset value in the third quarter of last year, when world markets plunged.
The latest figures published by financial regulator the Bermuda Monetary Authority (BMA) showed the total value of...
DATE: Jan 20, 2009
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AUTHOR:
Jonathan Kent
Bermuda is in the American political spotlight once again with the publication of a report on "tax havens" which shows that the 100 largest US corporations have a combined total of 229 subsidiaries on the Island.
The Government Accountability Office ...
DATE: Jan 19, 2009
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AUTHOR:
Jonathan Kent
Argus Group Holdings Ltd. is working with fund managers and lawyers to explore whether it will be possible to recover any of the money at risk in some of its pension and investment fundsaffected by exposure to the alleged Bernard Madoff fraud.
In a l...
DATE: Jan 16, 2009
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AUTHOR:
Jonathan Kent
