1710 results returned for search: "" category "Business" author Jonathan Kent
Lloyd's of London insurer Brit Insurance is looking for a more tax-friendly domicile - and Bermuda may be on its list of potential new homes.
The company has appointed accountancy firm Ernst & Young to advise it on a possible move out of the UK.
Brit...
DATE: Aug 19, 2008
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Jonathan Kent
Bermuda-based Flagstone Reinsurance Holdings Ltd. announced yesterday that it will merge its Bermuda and Swiss operating units into one entity known as Flagstone Reassurance Suisse SA.
As a result, from September 30, 2008, the Bermuda unit, currently...
DATE: Aug 19, 2008
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Jonathan Kent
Bermuda is being ruled out as a potential base by many firms forming new captive insurance companies because of high costs associated with the Island.
That is the view of industry consultant Andrew Barile, who said he had noticed a trend of new capti...
DATE: Aug 18, 2008
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AUTHOR:
Jonathan Kent
Bermuda-based bond reinsurer Ram Holdings Ltd.'s share price shot up 16 percent on Friday after it reported second-quarter profits of $126.3 million.
Net income broke down to $4.63 per share, compared to $9.1 million, or $0.33 per share in the second...
DATE: Aug 18, 2008
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Internet travel services provider YTB International, Inc. — which has recruited around 700 members to its multi-level marketing network in Bermuda — reported a second-quarter net loss of nearly $200,000 on Friday.
The company put the loss down to spe...
DATE: Aug 18, 2008
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AUTHOR:
Jonathan Kent
Bermuda's creditworthiness has been given a vote of confidence by credit ratings firm Fitch.
The firm yesterday announced it had affirmed the Island's long-term issuer default rating (IDR) at AA+ and its country ceiling rating at AAA, with a stable o...
DATE: Aug 15, 2008
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AUTHOR:
Jonathan Kent
Most insurance company bosses believe a focus on enterprise risk management (ERM) can enhance their businesses — but they are struggling to effectively implement it company-wide.
That was one of the findings of a global survey of the insurance indust...
DATE: Aug 13, 2008
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AUTHOR:
Jonathan Kent
Paul Giordano is to step down as chief executive officer of Syncora Holdings Ltd., after the Bermuda-based bond insurer announced a second-quarter loss of $493 million after the markets closed yesterday.
The company, formerly known as Security Capita...
DATE: Aug 12, 2008
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AUTHOR:
Jonathan Kent
Bermuda-based financial guarantor Assured Guaranty Ltd. last night announced profit of more than half a billion dollars for the second quarter — more than 16 times what the company made in the same period last year.
Most of the improvement related to...
DATE: Aug 08, 2008
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AUTHOR:
Jonathan Kent
Rising food prices have provided a boost in the midst of a soft market for those Bermuda insurers and reinsurers who offer agricultural insurance.
One such company is PartnerRe, whose chief executive officer Patrick Thiele said that while rates acros...
DATE: Aug 08, 2008
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AUTHOR:
Jonathan Kent
