1710 results returned for search: "" category "Business" author Jonathan Kent
KeyTech Ltd. is considering plans to install a new multi-million-dollar undersea telecommunications cable linking the Island with the US and has been in talks with potential fellow investors.
The Ministry of Environment, Telecommunications and E-Comm...
DATE: Apr 26, 2007
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AUTHOR:
Jonathan Kent
XL Capital Ltd. chief executive officer Brian O'Hara said yesterday that any new legislation that would force global insurers to pay more US tax would end up hurting policy-holders who lived in hurricane-prone areas.
Some Democratic Party politicians...
DATE: Apr 26, 2007
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AUTHOR:
Jonathan Kent
Bermuda-based Orbis Mutual Funds will cease to use HSBC Bank of Bermuda as one of its administrative banks and is switching most of its funds to Citigroup by the end of this year.
The Fund made the announcement on its web-site yesterday, explaining t...
DATE: Apr 25, 2007
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AUTHOR:
Jonathan Kent
Bermuda-based IPC Holdings Ltd. last night reported net income of $77.2 million for the first quarter and said it would repurchase up to $200 million of shares over the next 12 months.
IPC's net income was up by $14.6 million on the same period last ...
DATE: Apr 25, 2007
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AUTHOR:
Jonathan Kent
Bermuda biggest company Ace Ltd. last night reported a 43-percent surge in first-quarter earnings to $701 million.
The insurer and reinsurer enjoyed improvements across the board as net investment income, combined ratio and underwriting income result...
DATE: Apr 25, 2007
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AUTHOR:
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Everest Re Group Ltd. massively outperformed analysts' expectations as it reported first-quarter net income of $297.6 million — up almost 77 percent on the same period a year earlier.
Operating income, which excludes realised capital gains and losses...
DATE: Apr 24, 2007
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AUTHOR:
Jonathan Kent
PartnerRe last night reported a 12 percent fall in first-quarter net income compared to 2006 after it sustained losses of $44 million from a winter storm in Europe.
The storm, named Kyrill, brought hurricane-force winds and widespread damage to the U...
DATE: Apr 24, 2007
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AUTHOR:
Jonathan Kent
Critics around the world should stop pointing the finger at offshore financial centres and get their own houses in order, according to the president of the Association of Bermuda Compliance Officers (ABCO).
Owen Reid said the world’s biggest money-la...
DATE: Apr 23, 2007
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AUTHOR:
Jonathan Kent
Property developer and manager West Hamilton Ltd. has estimated that its planned construction of four new multi-purpose structures around the existing Belvedere Building just outside Hamilton will cost $80 million.
In announcing its first quarter res...
DATE: Apr 23, 2007
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AUTHOR:
Jonathan Kent
Most M3 Wireless customers were unaffected by the outage which disrupted internet service for BlackBerry users across North America earlier this week, the company said.
In a statement relased on Wednesday afternoon, M3 said a fault had occurred on th...
DATE: Apr 20, 2007
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AUTHOR:
Jonathan Kent
