1727 results returned for search: "" category "Business" author Jonathan Kent
Insurer Argus Group Holdings Ltd’s profit for the first six months of its financial year fell by 77 percent to $1.6 million, chiefly as a result of unrealised losses in the value of its fixed-income investments.
Argus chief executive officer Alison H...
DATE: Dec 16, 2013
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
Bermuda’s reinsurers will be among those paying out estimated claims of between $960 million and $1.9 billion related to high winds that battered parts of Western Europe last week.
The range represents the preliminary estimate of catastrophe modellin...
DATE: Dec 13, 2013
|
CATEGORY:
Reinsurance
|
AUTHOR:
Jonathan Kent
Bermuda’s property and casualty re/insurers will likely see their profit margins come under pressure in 2014, according to stock research analysts Keefe, Bruyette & Woods (KBW).
In a report published this week, KBW said the sector faced pricing press...
DATE: Dec 12, 2013
|
CATEGORY:
Reinsurance
|
AUTHOR:
Jonathan Kent
Bermuda’s imports have risen significantly in each of the first three quarters of this year, the latest Government statistics reveal.
The Government’s detailed quarterly statistics show that the value of imported goods increased by 9.8 percent in the...
DATE: Dec 11, 2013
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
Investors led by insurance industry veteran Brian Duperreault have made a deal to buy out Bermuda reinsurer SAC Re.
The company, which was launched with the backing of billionaire trader Steve A Cohen last year, will be renamed Hamilton Re on the clo...
DATE: Dec 10, 2013
|
CATEGORY:
Reinsurance
|
AUTHOR:
Jonathan Kent
Retailers took 0.1 percent more at the till in October this year than in the same month last year, driven by a 9.3 percent increase in motor vehicle sales.
However, after inflation was taken into account, retail sales volume fell 0.9 percent, as rece...
DATE: Dec 03, 2013
|
CATEGORY:
Local Business
|
AUTHOR:
Jonathan Kent
Butterfield Bank has been named Bermuda’s Bank of the Year by international banking industry magazine The Banker.
Butterfield also scooped the same award in the Cayman Islands.
The Banker, an FT publication, is a highly regarded UK-based publication ...
DATE: Dec 02, 2013
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
Somers Ltd, owner of the Bermuda Commercial Bank, is seeking to buy out London-based broker Westhouse Holdings PLC.
The Bermuda Stock Exchange-listed Somers already owns a 46.1 percent stake in Westhouse.
Somers, formerly known as Bermuda National Lt...
DATE: Nov 29, 2013
|
CATEGORY:
International Business
|
AUTHOR:
Jonathan Kent
Financial regulator the Bermuda Monetary Authority (BMA) is in talks aimed at allowing alternative fund managers based on the Island to market their investment products in Germany.
The confirmation of the talks comes after British newspaper The Finan...
DATE: Nov 27, 2013
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
Investors interested in an expected near five percent annual return offered by a new Bermuda Government bond issuance can learn more at two public information sessions next week.
The events will take place next Tuesday, December 3, and Wednesday, Dec...
DATE: Nov 27, 2013
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
