1727 results returned for search: "" category "Business" author Jonathan Kent
New legislation to give some companies relief from foreign ownership restrictions has been welcomed by energy company Ascendant Group, which said it would stimulate the availability of overseas capital to fund infrastructure projects.
BF&M Ltd CEO Jo...
DATE: Jul 18, 2012
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CATEGORY:
Local Business
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AUTHOR:
Jonathan Kent
Insurance CEOs believe that the payroll tax increase of two years ago caused Bermuda jobs to be lost and a “rupture of trust” between Government and the industry.
Speaking at a CEO roundtable organised by the Bermuda Insurance Journal magazine, XL Gr...
DATE: Jul 04, 2012
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
The downgrade of Bermuda’s credit rating by Fitch will cost taxpayers $15.5 million in extra interest payments on this week’s Government bond issue, according to the opposition One Bermuda Alliance (OBA).
In a press conference today, Shadow Finance M...
DATE: Jun 27, 2012
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
The Bermuda market’s major US-listed re/insurers bounced back strongly to reap more than $4 billion of net income in the first quarter of this year.
This represents a dramatic swing from the $2.67 billion net loss the group of 17 companies recorded i...
DATE: May 28, 2012
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CATEGORY:
Reinsurance
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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
