1710 results returned for search: "" category "Business" author Jonathan Kent
Bermuda and Germany have begun talks on a tax information exchange agreement.
A Government statement sent out last night said officials from the Finance Ministry and the Attorney General's Chambers had concluded the first round of negotiations on the...
DATE: Oct 30, 2008
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AUTHOR:
Jonathan Kent
Mortgage holders received a boost yesterday when both the Bank of Bermuda and Capital G Bank announced a 0.5 percent cut in lending rates.
The banks' action followed yesterday afternoon's move by the US Federal Reserve to cut its influential Fed Fund...
DATE: Oct 30, 2008
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Jonathan Kent
Axis Capital chief executive officer John Charman said yesterday than the insurance and reinsurance market faced a better market opportunity now than after the 9/11 terrorist attacks in 2001.
He said the erosion of capacity, due to widespread catastr...
DATE: Oct 29, 2008
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Jonathan Kent
Ace Ltd.'s third-quarter profit was down 92 percent to $54 million, the Switzerland-based insurer reported last night.
The company, which has major operations in Bermuda, is one of a minority in the industry to be able to report a positive net income...
DATE: Oct 29, 2008
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Jonathan Kent
Axis Capital Holdings Ltd. yesterday posted a net loss of $249 million for the third quarter, after taking huge hits from hurricanes Gustav and Ike.
The insurer and reinsurer said the two storms would cost it around $371 million — the largest sum dec...
DATE: Oct 28, 2008
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Jonathan Kent
A Bermuda-based insurance brokerage executive has warned the industry to brace itself for a severe bolstering of regulation in the wake of the ongoing financial crisis.
Dennis Mahoney, chairman of Aon Global, told an insurance conference in Sydney, A...
DATE: Oct 27, 2008
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Jonathan Kent
Bermuda will today host one major hedge fund conference and plug itself as a leading fund domicile at another, as the industry goes through a period of dramatic transformation.
Top hedge fund managers and some of their biggest investors will converge...
DATE: Oct 27, 2008
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AUTHOR:
Jonathan Kent
Catastrophe reinsurance specialist IPC Holdings Ltd. recorded a net loss of $87.5 million for the third quarter, as storm losses and net investment losses each topped $100 million.
In results for the June-through-September period released last night,...
DATE: Oct 24, 2008
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Bermuda insurer Endurance Specialty Holdings Ltd. has announced that it expects to report a third-quarter operating loss of between 96 cents and $1.15 per share.
The main reasons were estimated losses of $145 million related to hurricanes Gustav and ...
DATE: Oct 23, 2008
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AUTHOR:
Jonathan Kent
A glimmer of optimism is emerging for insurers in the wake of what has been one of the most difficult quarters the industry has faced, as some suggesting the trend of declining rates could be about to change.
Bermuda insurers to have declared their t...
DATE: Oct 23, 2008
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AUTHOR:
Jonathan Kent
