1710 results returned for search: "" category "Business" author Jonathan Kent
Bermuda's major US-listed insurers expect to pay out a combined total of more than $3 billion in claims for hurricanes Gustav and Ike alone.
And combined with investment losses emanating from the ongoing turmoil on the world markets, that made for a ...
DATE: Nov 19, 2008
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AUTHOR:
Jonathan Kent
International business leader David Ezekiel yesterday called upon Government to encourage job-creating businesses to Bermuda as the Island faced up to the impact of the global financial crisis.
Speaking at the annual general meeting of the Associatio...
DATE: Nov 19, 2008
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AUTHOR:
Jonathan Kent
Bermuda-based financial guarantor Syncora Holdings Ltd. last night admitted its management had "substantial doubt" about the company's ability to continue as a going concern after it announced a net loss of $1.34 billion for the third quarter.
In its...
DATE: Nov 18, 2008
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AUTHOR:
Jonathan Kent
The fallout from the turmoil on the global markets will result in less competition for Bermuda reinsurers from the capital markets.
That is the view of XL Capital Ltd. chief executive officer Michael McGavick, who believes a combination of factors wi...
DATE: Nov 14, 2008
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AUTHOR:
Jonathan Kent
XL Capital chief executive Michael McGavick says his company is competing well in the insurance market and is hopeful that its progress will eventually be reflected in the company's share price.
He also told The Royal Gazette the strategic review of ...
DATE: Nov 14, 2008
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AUTHOR:
Jonathan Kent
The clouds of economic gloom may be gathering - but the silver lining for Bermudians is the rising value of the dollar.
Yesterday the pound briefly dropped below $1.50 for the first time since 2002. During the summer, sterling was valued at more than...
DATE: Nov 13, 2008
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AUTHOR:
Jonathan Kent
The Bermuda Commercial Bank yesterday reported an $5.16 million profit, despite seeing a loss of nearly $150 million in deposits as client investment funds hit by the global financial crisis withdrew their money.
BCB president John Sainsbury said the...
DATE: Nov 13, 2008
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AUTHOR:
Jonathan Kent
Plans announced in Friday's Throne Speech to draw up draft legislation on electronic data protection will provide a boost to Bermuda's international business community.
Currently international companies that operate in the European Union face restric...
DATE: Nov 12, 2008
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AUTHOR:
Jonathan Kent
Bermuda's financial regulators will today examine one of the Island's major insurance companies in co-operation with their counterparts from other countries where that company does business.
The procedure, effectively a cross-border swapping of notes...
DATE: Nov 10, 2008
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AUTHOR:
Jonathan Kent
Barack Obama's election as US president could bring an indirect boost to Bermuda business — if the Island's governing party embraces the message of inclusiveness that propelled the Democratic candidate to a resounding victory last week.
That is the v...
DATE: Nov 10, 2008
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AUTHOR:
Jonathan Kent
