1727 results returned for search: "" category "Business" author Jonathan Kent
Growing demand for Atelerie's distinctive lines of women's clothing and designer jewellery have led to the boutique expanding and relocating to Hamilton.
The store, launched six months ago by owner Heather Macdonald-Armour, quickly outgrew the small ...
DATE: Dec 08, 2008
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Jonathan Kent
Financial services regulator the Bermuda Monetary Authority has received the thumbs-up from the entities and professionals it oversees.
In its first external stakeholder survey, the BMA attracted a strongly positive rating, with 75 percent of respond...
DATE: Dec 08, 2008
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Jonathan Kent
Bermuda-based bond reinsurer Ram Holdings Ltd. received a ratings blow as Moody's downgraded its reinsurance unit Ram Re's insurance financial strength rating to Baa3 from A3.
Moody's said the rating action reflected the expectation of greater losses...
DATE: Dec 08, 2008
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AUTHOR:
Jonathan Kent
Insurer and reinsurer Hiscox said yesterday it would close a Bermuda-based specialist unit that it opened just three months ago, with the loss of two local jobs.
Robert Childs, chief executive officer of the company's Bermuda operations, said Hiscox ...
DATE: Dec 04, 2008
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Jonathan Kent
Bermuda-based financial guarantor Ram Holdings Ltd. yesterday announced it had agreed to pay $156.5 million to walk away from its reinsurance of $10.6 billion worth of assets insured by MBIA.
The commutation agreement covers some asset sectors that h...
DATE: Dec 03, 2008
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AUTHOR:
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UK Chancellor of the Exchequer Alistair Darling has asked financial services expert Michael Foot to head the UK review of Bermuda and other UK territories that are financial centres.
The review was announced last week by Mr. Darling, who said the the...
DATE: Dec 03, 2008
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Jonathan Kent
Business Insurance magazine has selected two Bermuda-based executives on its list of among its list of "Women to Watch".
Bermudian Judy Gonsalves, of Ace Bermuda, where she is senior vice-president, Excess Liability Division, and XL Capital Ltd.'s gl...
DATE: Dec 03, 2008
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AUTHOR:
Jonathan Kent
Max Capital Group Ltd. said yesterday it had seen the value of its hedge fund investments fall by $70 million over the the last two months.
The Bermuda-based insurer and reinsurer also said its alternative investment portfolio made up 18.6 percent of...
DATE: Dec 03, 2008
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AUTHOR:
Jonathan Kent
Bermuda-based reinsurer PartnerRe yesterday raised its estimate of claims from Hurricane Ike, as the company's boss said it would likely prove to be the third costliest hurricane in history for the industry.
Adding $115 million, or 61 percent, to its...
DATE: Dec 02, 2008
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AUTHOR:
Jonathan Kent
Rocketing food prices and continued high electricity costs kept inflation comfortably above five percent in October.
The Consumer Price Index, released yesterday, showed inflation hit 5.6 percent, slipping back slightly from the 17-year high of 5.9 p...
DATE: Dec 02, 2008
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AUTHOR:
Jonathan Kent
