1683 results returned for search: "" category "Business" author Jonathan Kent
HSBC Bermuda mortgage holders face higher repayments after the bank announced yesterday it would increase its lending rate by 0.25 percent next month.
The increase, which becomes effective on September 1, takes HSBC's base lending rate for Bermuda do...
DATE: Aug 25, 2010
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AUTHOR:
Jonathan Kent
The impact of the Gulf of Mexico oil spill on the tourism industry has prompted Bermuda-based insurer Ironshore to offer better protection against such events to the sector.
Ironshore Environmental has expanded its suite of asset-class specific SPILL...
DATE: Aug 24, 2010
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AUTHOR:
Jonathan Kent
Bermuda-based specialty re/insurer Hiscox Ltd. saw its profits plunge by nearly a third in the first half of the year, on heavy catastrophe claims.
Hiscox, which is domiciled on the Island and also has a significant underwriting platform here, posted...
DATE: Aug 24, 2010
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AUTHOR:
Jonathan Kent
Insurer, pension provider and investment company BF&M Ltd.'s insurance operating companies have seen their financial strength rating affirmed at A (excellent) by rating agency AM Best Co.
But the New Jersey-based agency has expressed some concern at ...
DATE: Aug 23, 2010
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AUTHOR:
Jonathan Kent
Hedge fund manager Paolo Pellegrini — whose PSQR Capital Management has an office in Bermuda and who helped Paulson & Co. to make $3 billion out of the bets on the US housing crash — is to return money to investors in his fund by next month.
The PSQR...
DATE: Aug 23, 2010
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AUTHOR:
Jonathan Kent
Bermuda-based Catlin Group has seen the financial strength ratings of its operating subsidiaries affirmed at A by ratings agency AM Best Co.
The New Jersey-based ratings agency said in its ratings commentary that the group's capitalisation is expecte...
DATE: Aug 23, 2010
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AUTHOR:
Jonathan Kent
John Oros has resigned as executive chairman of Bermuda-based run-off specialist Enstar Group Ltd., to be replaced by the company's chief executive officer Dominic Silvester.
Mr. Oros will also step down from the company's board of directors to assum...
DATE: Aug 23, 2010
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AUTHOR:
Jonathan Kent
Consumers continue to tighten their purse strings and spend less at the stores — a trend that has been going on for more than two years.
Sales at retail outlets fell in June for the 15th consecutive month, year on year, according to figures released ...
DATE: Aug 12, 2010
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AUTHOR:
Jonathan Kent
Bermuda-based Allied World Assurance Company Holdings Ltd. has repurchased $250 million of its common shares from some of the company's founding shareholders.
The company bought five million shares from affiliates of US banking giant Goldman Sachs, i...
DATE: Aug 10, 2010
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AUTHOR:
Jonathan Kent
Butterfield Bank is on the road to recovery and hopes to end the year with a return to profitable growth, says chief executive officer Bradford Kopp.
Last week, the bank scraped a second-quarter profit of $200,000, with its revenues continuing to be ...
DATE: Aug 09, 2010
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AUTHOR:
Jonathan Kent
