1727 results returned for search: "" category "Business" 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
Expect a few quarters of recession in the US, but things could start to turn around by next summer, provided the grip of the credit squeeze is eased.
That is the view of Brown Brothers Harriman (BBH) partner Jeffrey Schoenfeld, who was speaking to an...
DATE: Nov 10, 2008
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AUTHOR:
Jonathan Kent
Budding entrepreneurs at the western and eastern ends of the Island could be in line to receive a helping hand from Government.
The model of the Economic Empowerment Zone (EEZ), which has helped to commercially regenerate North East Hamilton, may be ...
DATE: Nov 10, 2008
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AUTHOR:
Jonathan Kent
Bermuda reinsurer Validus Holdings Ltd. suffered a net loss of $126.3 million for the third quarter, after taking big hits from hurricanes, investment losses and foreign exchange losses.
The class of 2005 company's first quarterly loss, which broke d...
DATE: Nov 07, 2008
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AUTHOR:
Jonathan Kent
