1710 results returned for search: "" category "Business" author Jonathan Kent
Shares of troubled Bermuda insurance giant XL Capital shot up 38 percent in early trading today after the company revealed third-quarter investment losses could top $1 billion.
In a statement issued this morning, the company estimated that its book v...
DATE: Oct 10, 2008
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AUTHOR:
Jonathan Kent
Bermuda is not immune from the global financial turmoil that has plunged world markets into free fall, but the Island's international business sector could emerge well from the global carnage.
That is the view of Finance Minister Paula Cox, who told ...
DATE: Oct 09, 2008
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Jonathan Kent
A subsidiary of Bermuda-based insurer American Safety Insurance has been hit with a $250 million lawsuit in California.
The case, which has been brought by PMA Capital Insurance Company, revolves around an insurance policy written by Oklahoma-based A...
DATE: Oct 08, 2008
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Jonathan Kent
American International Group chief executive officer Edward Liddy's phone is likely to be ringing off the hook with offers from insurance companies around the world looking to buy off pieces of the global giant's empire.
Among those callers will be C...
DATE: Oct 07, 2008
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AUTHOR:
Jonathan Kent
Bermuda insurers RenaissanceRe, Platinum Underwriters and Allied World Assurance Company last night revealed their initial loss estimates resulting from Hurricanes Gustav and Ike.
RenRe expects its combined losses from the storms to run to around $27...
DATE: Oct 02, 2008
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AUTHOR:
Jonathan Kent
Warwick has a new hardware store, following the grand opening of Sargasso Supplies on Saturday.
The store is located in the Middle Road premises formerly occupied by Fisher's Hardware.
Sargasso is part of the Liquid Group of companies, which also com...
DATE: Sep 19, 2008
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AUTHOR:
Jonathan Kent
An estimated 500 people attended the Bermuda reception in Monte Carlo as reinsurers and brokers met in a social setting to discuss industry issues.
According to Robin Spencer-Arscott, who organised the event with Suzie Pewter, the mood at Wednesday's...
DATE: Sep 12, 2008
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AUTHOR:
Jonathan Kent
Ace Ltd. is being sued for $133 million at the Grand Court of the Cayman Islands by the Receiver of the Liberian operations of Cigna Worldwide Insurance Company — a complaint that has already been rejected twice by US courts.
The claim relates to two...
DATE: Sep 11, 2008
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AUTHOR:
Jonathan Kent
Property developer Michael Bradshaw is hoping that Prosperity Heights — his new residential development officially opened yesterday — will breathe new life into the area of North Hamilton where he was raised.
The four-storey, nine-unit condominium co...
DATE: Sep 10, 2008
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AUTHOR:
Jonathan Kent
Former US Secretary of States General Colin Powell and Bob Geldof will be among the speakers at the global risk conference hosted by Bermuda-based XL Capital in Washington, DC next month.
Under the theme of "Intelligent Change for a World at Risk", t...
DATE: Sep 05, 2008
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AUTHOR:
Jonathan Kent
