1727 results returned for search: "" category "Business" author Jonathan Kent
Butterfield Bank today reported first-quarter net income of $23.2 million — up more than 74 percent from the same period last year.
Increasing business volumes and further cost cutting helped the bank to achieve the improvement from last year’s first...
DATE: Apr 28, 2014
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CATEGORY:
Local Business
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AUTHOR:
Jonathan Kent
LOM (Holdings) Ltd swung to a profit of $180,284 in 2013, as revenue rose more than eight percent.
CEO Scott Lines said in a letter to shareholders, published by the Bermuda Stock Exchange this morning, that the profit — which compared to a loss of $...
DATE: Apr 28, 2014
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CATEGORY:
Local Business
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AUTHOR:
Jonathan Kent
Bermuda-based reinsurer Everest Re Group says it will be using alternative capital increasingly as it comes close to closing its first catastrophe bonds.
That was the view expressed by Everest CEO Dominic Addesso in an earnings statement that showed ...
DATE: Apr 25, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Validus Holdings last night reported net income of $162.4 million for the first quarter — a fall of 27 percent from the $223.2 million recorded in the same period of 2013.
Aided by a lack of catastrophe claims, the Bermuda Class of 2005 reinsurer ach...
DATE: Apr 25, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Aspen Insurance Holdings CEO Chris O’Kane yesterday told analysts that his company is committed to its stand-alone plan — but conceded that there are many companies that would make potential merger partners, other than Endurance Specialty Holdings wh...
DATE: Apr 25, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Aspen Insurance Holdings Ltd’s first-quarter profit rose by nearly a third compared to the same period last year to $120.4 million, as the company trounced Wall Street’s expectations.
The Bermuda-based insurer and reinsurer, which is the subject of a...
DATE: Apr 24, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
The easing of currency restrictions by Chinese authorities is opening up opportunities for investors that could dramatically increase within the next few years.
That was the clear message for clients and staff of HSBC Bermuda, who were told in a brie...
DATE: Apr 24, 2014
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Even when he was between jobs 15 months ago, John Charman had a merger between Bermuda re/insurance rivals Endurance Specialty Holdings Ltd and Aspen Insurance Holdings Ltd in his sights.
In an interview with The Royal Gazette, Mr Charman said the tw...
DATE: Apr 23, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Aspen Insurance Holdings Ltd says it has found “overwhelming consensus” among shareholders for rejecting Endurance Specialty Holdings’ $3.2 billion bid for the company.
However, that is disputed by Endurance which argued yesterday that shareholders o...
DATE: Apr 22, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Aspen Insurance Holdings Ltd has adopted a so-called poison pill to discourage attempts from fellow Bermuda re/insurer Endurance to stage a hostile takeover of the company.
The plan, which will be in place for one year, will give shareholders rights ...
DATE: Apr 21, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
