1683 results returned for search: "" category "Business" author Jonathan Kent
Bermuda-based Enstar Group Ltd. reported a more than 40 percent rise in net earnings for the second quarter.
The company, which specialises in acquiring and managing insurance and reinsurance companies in run-off, posted profit of $12.4 million, or 9...
DATE: Aug 09, 2010
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AUTHOR:
Jonathan Kent
Butterfield Bank eked out a $200,000 profit in the second quarter as the bank's revenues were squeezed by low interest rates.
After dividends paid out on preference shares were taken into account, the April through June period brought a net loss of $...
DATE: Aug 06, 2010
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Jonathan Kent
Re/insurer Hardy Underwriting Bermuda Ltd. said yesterday that first-half pretax profit declined 90 percent to £0.8 million ($1.3 million).
The company was hit by around $80 million in losses from two first-quarter catastrophes — the earthquake in Ch...
DATE: Aug 06, 2010
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Jonathan Kent
XL Group plc has no plans to relocate senior executives from Bermuda to Ireland, following the move of the company's holding company to Dublin.
The global business insurer's chief executive officer Mike McGavick told The Royal Gazette that there was...
DATE: Aug 05, 2010
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Jonathan Kent
The Bermuda Government's mounting debt problem can be traced back a few years to when the economy was booming, according to the Bermuda Chamber of Commerce.
In a statement on Finance Minister Paula Cox's recent comments on the debt situation, the Cha...
DATE: Aug 05, 2010
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AUTHOR:
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Bermuda-based reinsurer Maiden Holdings Ltd. saw profits rise 14.7 percent increase in the second quarter over the same period last year.
The three-year-old company beat Wall Street estimates, generating operating income of $21.2 million, or 30 cents...
DATE: Aug 05, 2010
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AUTHOR:
Jonathan Kent
XL Group plc last night posted second-quarter profits of $191.8 million and handily beat Wall Street estimates of its operating earnings.
The business insurer and reinsurer's profits broke down to 56 cents per share and compared to $79.9 million in t...
DATE: Aug 04, 2010
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AUTHOR:
Jonathan Kent
Alterra Capital Holdings Ltd. topped $100 million in profit in its first quarterly earnings report since the company was formed by the merger of Max Capital Group and Harbor Point Re.
The Bermuda-based insurer and reinsurer last night reported net in...
DATE: Aug 04, 2010
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AUTHOR:
Jonathan Kent
Trading in the shares of Argus Group Holdings Ltd. is likely to be halted for around six weeks after the company gave insufficient notice of its annual general meeting.
The insurer and investment company announced yesterday that the Bermuda Stock Exc...
DATE: Aug 03, 2010
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AUTHOR:
Jonathan Kent
Flagstone Reinsurance Holdings SA last night reported an 80 percent fall in profits for the second quarter, compared to last year.
Net income was $13.3 million, or 17 cents per share, compared to $67.8 million, or 80 cents per share for the second qu...
DATE: Aug 03, 2010
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AUTHOR:
Jonathan Kent
