1713 results returned for search: "" category "Business" author Jonathan Kent
The parent company of dock services firm Stevedoring Services Ltd today reported an annual loss of $1.8 million for the year ended March 31, 2014.
Polaris Holding Company Ltd said in a statement that much of the loss was down to a $1 million write-do...
DATE: Oct 31, 2014
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Telecommunications firm the KeyTech Group reported that earnings fell more than 30 percent in its last fiscal year as expenses related to acquisitions took their toll.
KeyTech, which owns Logic Communications, made net income of $5.7 million for the ...
DATE: Oct 31, 2014
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CATEGORY:
Local Business
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AUTHOR:
Jonathan Kent
Validus Holdings Ltd’s third-quarter net income tumbled by three-quarters as the company was hit by more than $60 million in aviation, war and energy claims.
The Bermuda-based insurer and reinsurer reported net income of $39.7 million for the July th...
DATE: Oct 30, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Bermuda-based White Mountains Insurance Group Ltd reported net income of $52 million for the third quarter — slightly down from $57 million in the corresponding quarter last year.
Ray Barrette, the group’s chairman and chief executive officer, descri...
DATE: Oct 30, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
XL Group reported net income plunged for the third quarter, but operating income beat Wall Street expectations.
The Dublin-based business insurer, which has substantial operations in Bermuda said net income for the July through September period was $...
DATE: Oct 28, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Butterfield Bank’s third-quarter profit totalled $22.8 million — up by 5.5 percent from the same period of last year.
Net income for the first nine months of the year increased by $5.7 million to $73.5 million, the bank said in a statement this after...
DATE: Oct 28, 2014
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
The reinsurance industry has been slow to respond to new risks because of its tendency to look to the past to predict the future, according to Brian Duperreault.
The Hamilton Insurance Group chief executive officer, speaking yesterday at the opening ...
DATE: Oct 20, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Damage from Hurricane Gonzalo could have been much worse — had the storm’s eye not passed directly over Bermuda and had Tropical Storm Fay not visited less than a week earlier.
That is the view of experts from catastrophe modelling firm AIR Worldwide...
DATE: Oct 20, 2014
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
A lobbyist for the Bermuda re/insurance industry said yesterday that international regulatory standards and protectionism posed a risk to global business.
Speaking at the “Regulation as a Business Risk” conference at St John’s University in New York,...
DATE: Oct 16, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Insurance-linked securities services specialist Horseshoe Group has expanded its operations to Gibraltar.
The firm’s move comes after Gibraltar finalised its own ILS guidelines, launching its own bid for market share in the booming sector.
Horseshoe,...
DATE: Oct 15, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
