1727 results returned for search: "" category "Business" 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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AUTHOR:
Jonathan Kent
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
Thousands of pension contributors across Bermuda have been disturbed to see that the value of their retirement funds diminished during the first six months of the year.
The US property slump, sub-prime mortgage debacle and credit crisis have made for...
DATE: Aug 08, 2008
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AUTHOR:
Jonathan Kent
Fulcrum Group and Butterfield Fund Services yesterday announced they plan to join forces to create a Bermuda-based company expected to be in the top 10 alternative asset fund administration companies in the world.
The agreement to form Butterfield Fu...
DATE: Aug 06, 2008
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AUTHOR:
Jonathan Kent
Bermuda-based insurer XL Capital Ltd. last night announced it had raised $2.875 billion in capital and closed the $1.9 billion deal that will eliminate almost all of its exposure to bond insurer Syncora Holdings Ltd. (formerly known as Security Capit...
DATE: Aug 06, 2008
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AUTHOR:
Jonathan Kent
