1683 results returned for search: "" category "Business" author Jonathan Kent
Bermuda re/insurer Aspen Insurance Holdings Ltd swung to a profit of nearly $79 million, despite taking a hit from claims related to the Italian cruise ship disaster.
Aspen also wrote more business and its operating earnings of 88 cents per share han...
DATE: Apr 26, 2012
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
The diversified facilities management group Bermuda Aviation Services said yesterday that it had bought a controlling interest in Integrated Technology Solutions Ltd.
The terms of the deal were not disclosed.
BAS group president Kenneth Joaquin told ...
DATE: Apr 03, 2012
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CATEGORY:
Local Business
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AUTHOR:
Jonathan Kent
HSBC Bank Bermuda Ltd made net income of $152 million, the bank revealed today.
Although that was down 38 percent from 2010, the underlying performance, which strips out the impact of parts of the business being sold off, showed a three percent impr...
DATE: Mar 01, 2012
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Butterfield Bank bounced back to make a $40.5 million profit in 2011, after posting losses in excess of $200 million for each of the previous two years.
Chief executive officer Brad Kopp told The Royal Gazette last night that the four successive quar...
DATE: Mar 01, 2012
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CATEGORY:
Local Business
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AUTHOR:
Jonathan Kent
Document destruction firm Guardian has recycled enough shredded paper since starting up in 2005 to save nearly 11,000 trees, the company revealed yesterday.
Guardian, which uses an industrial shredder housed in a secure facility in Southampton, sent ...
DATE: Feb 16, 2012
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CATEGORY:
Local Business
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AUTHOR:
Jonathan Kent
Argus Group Holdings Ltd made a net loss of $3.9 million for the six months ended September 30, 2011, driven by a soured investment in a Bermuda-based reinsurance company, the company announced yesterday.
The insurer said results were impacted by an ...
DATE: Dec 19, 2011
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Life insurance policyholders of the folded British-American Insurance Company (BAICO) will get back at least some of the money they are owed by Christmas.
The Official Receiver, Stephen Lowe, announced last night that creditors will be able to pick u...
DATE: Nov 30, 2011
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
A delegation from Bermuda is in Montreal today seeking to drum up captive insurance business for the Island.
Today’s Bermuda Captive Breakfast Seminar follows a similar event at the Fairmont Royal York Hotel in Toronto yesterday.
Interest from the Ca...
DATE: Nov 16, 2011
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Government has come out against forcing CellOne to provide interconnection to Digicel-Transact’s new long-distance service.
A statement from CellOne said on Friday that the Attorney General’s Chambers, on behalf of Environment Minister Walter Roban, ...
DATE: Oct 24, 2011
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda-based reinsurer Platinum Underwriters Holdings last night posted a $53.5 million net loss as catastrophe claims impacted results.
For Platinum, the first of the major Bermuda commercial re/insurers to post third-quarter results, it was the fo...
DATE: Oct 19, 2011
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
