1710 results returned for search: "" category "Business" author Jonathan Kent
The Bermuda-based Ipoc International Growth Fund will today face charges of perverting the course of justice and furnishing false information in a British Virgin Islands (BVI) court.
Inspector Jefferson Knight, of the Royal Virgin Islands Police Forc...
DATE: Apr 23, 2008
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AUTHOR:
Jonathan Kent
Bermuda reinsurer Platinum Underwriters Holdings Ltd. yesterday reported a 44-percent rise in net income for the first quarter to $105.2 million.
Net investment income totalled $49.1 million and, although this figure was down 5.1 percent on the same ...
DATE: Apr 22, 2008
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Jonathan Kent
The balance sheets of Bermuda's insurance companies are "in the best shape in years", according to a special report by credit rating agency AM Best.
A lack of catastrophes and solid investment returns over the past two years have allowed companies to...
DATE: Apr 22, 2008
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Jonathan Kent
Bermuda-based Max Capital Group Ltd. expects its returns on alternative investments to be negative 2.11 percent, the company stated on Friday.
Alternative investments, make up around 20 percent of the insurer and reinsurer's total invested assets of ...
DATE: Apr 21, 2008
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Jonathan Kent
Bermuda insurer Ironshore's A- (excellent) financial strength rating has been affirmed by ratings agency AM Best.
The company's issuer credit rating was also affirmed at a-. The ratings apply to both Ironshore Insurance and Ironshore Reinsurance.
Bes...
DATE: Apr 18, 2008
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Jonathan Kent
Butterfield Bank's investments in in US residential mortgage-linked securities total $479 million — but the Bank is weathering the sub-prime crisis well, chief executive officer Alan Thompson told shareholders yesterday.
Speaking at the Bank's annual...
DATE: Apr 17, 2008
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Jonathan Kent
When shareholders see their holdings fall rapidly and substantially in value, they will sometimes get together to sue company management.
And with so many companies losing huge chunks of their market value during the fall-out from the sub-prime mortg...
DATE: Apr 14, 2008
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Jonathan Kent
Bermuda is "ahead of the game" in its efforts to ensure that it keeps up with international insurance regulation standards.
That is the view of Bradley Kading, president and executive director of the Association of Bermuda Insurers and Reinsurers (AB...
DATE: Apr 11, 2008
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Jonathan Kent
Jewellery giant the Signet Group is tentatively planning to redomicile to Bermuda.
The London-based company stated in its year-end results release yesterday that discussions between directors and major investors had led it to believe that most shareh...
DATE: Apr 10, 2008
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AUTHOR:
Jonathan Kent
Billionaire investor Wilbur Ross has been appointed to the board of Bermuda-based bond insurer Assured Guaranty Ltd. after his company bought $250 million of Assured shares.
Mr. Ross had announced in late February that he intended to invest up to $1 ...
DATE: Apr 09, 2008
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AUTHOR:
Jonathan Kent
