1684 results returned for search: "" category "Business" author Jonathan Kent
Shares of Bermuda-based business insurer XL Capital Ltd. surged nearly nine percent yesterday after the company announced it would retain its place in the S&P 500 Index after its redomestication to Ireland.
XL shareholders have approved the company's...
DATE: May 13, 2010
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AUTHOR:
Jonathan Kent
Former Lines Overseas Management (LOM) president Brian Lines suggested to attorneys that they destroy a letter that referred to a deal involving the Bermuda-based broker and investment company because it would not look good to regulators.
The evidenc...
DATE: May 13, 2010
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AUTHOR:
Jonathan Kent
Financial journalist David Marchant has drawn criticism from LOM for what the company claims is his unbalanced coverage of the SEC case.
The former Royal Gazette business journalist's stories on the case have appeared on his OffshoreAlert website, wh...
DATE: May 13, 2010
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AUTHOR:
Jonathan Kent
The United States could be facing the second leg of double-dip in house prices, a prominent economist said at an investment conference in Hamilton yesterday.
Burton Malkiel, professor of economics at Princeton University and author of the book "A Ran...
DATE: May 12, 2010
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AUTHOR:
Jonathan Kent
Greece may have to restructure or default on its debt in future years — despite its $150 billion bailout deal and the $1 trillion Eurozone rescue package put together last weekend.
That was the message from sovereign debt expert Jonathan Lemco at an ...
DATE: May 12, 2010
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AUTHOR:
Jonathan Kent
Bermuda-based insurer Ironshore has raised $250 million on the debt market to fuel its continuing growth.
The private offering of 8.50 percent senior notes, due 2020, follows a successful $300 million equity capital raise last year.
"We saw a window ...
DATE: May 12, 2010
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AUTHOR:
Jonathan Kent
Assured Guaranty's first-quarter profit surged 277 percent, driven by last year's acquisition of Financial Security Assurance Holdings Ltd.
The Bermuda-based bond insurer said last night that net income for the first three months of this year was $3...
DATE: May 11, 2010
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AUTHOR:
Jonathan Kent
Bermuda reinsurer PartnerRe yesterday announced net income of nearly $80 million in a first quarter that produced more than $330 million in catastrophe losses.
February's earthquake in Chile and European windstorm Xynthia were the two most expensive ...
DATE: May 07, 2010
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AUTHOR:
Jonathan Kent
Banking at HSBC Bermuda is about to get a whole new 21st-century look.
The Harbourview Centre, on the site of the former Trimingham's department store, will open to customers next Monday and give them a facility that looks nothing like any bank ever ...
DATE: May 07, 2010
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AUTHOR:
Jonathan Kent
Bermuda reinsurer Validus Holdings Ltd. last night posted a net loss of $118.4 million driven by catastrophe losses of more than $300 million.
Validus said the net impact of three major events was $306.9 million. It attributed a net loss of $293.1 mi...
DATE: May 07, 2010
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AUTHOR:
Jonathan Kent
