1727 results returned for search: "" category "Business" author 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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AUTHOR:
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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AUTHOR:
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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AUTHOR:
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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AUTHOR:
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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AUTHOR:
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
Dublin is keenly eyeing any opportunities that might arise from the political risk which some insurance company bosses are concerned about in Bermuda.
That was the message from the European Insurance Forum in the Irish capital on Monday.
According to...
DATE: Apr 09, 2008
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AUTHOR:
Jonathan Kent
Fuel and power costs increased by a whopping 32 percent over the 12 months from February 2007 — but the rate of inflation fell to its lowest rate since last April.
The Consumer Price Index (CPI), released by the Department of Statistics yesterday, re...
DATE: Apr 08, 2008
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AUTHOR:
Jonathan Kent
Annuity and Life Re (Holdings) Ltd. on Friday reported a $16.9 million loss for the fourth quarter of 2007.
And the Bermuda-based company announced it will give back capital to shareholders starting with a 50-cent-per-share payment next month.
The ca...
DATE: Apr 07, 2008
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AUTHOR:
Jonathan Kent
