1685 results returned for search: "" category "Business" author Jonathan Kent
Bermuda-based workers' compensation insurer CRM Holdings Ltd. posted a second-quarter net loss from continuing operations of $2.1 million, the company announced yesterday.
Revenue plunged by more than $20 million as the company's primary insurance su...
DATE: Aug 07, 2009
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AUTHOR:
Jonathan Kent
Life insurance policyholders with British American Insurance Company (BAICO) should continue to pay their premiums while the company's Bermuda branch is being wound up.
That is the advice from the team from KPMG Advisory Ltd., which has been appointe...
DATE: Aug 06, 2009
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AUTHOR:
Jonathan Kent
Local employment at Bermuda's biggest insurance companies is holding firm despite the impact of the global economic downturn.
Figures compiled by the Association of Bermuda Insurers and Reinsurers (ABIR) show that its 24 member companies employed nea...
DATE: Aug 06, 2009
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AUTHOR:
Jonathan Kent
Concern mounted yesterday for clients of British American Insurance Company's Bermuda branch after the Official Receiver moved in at the firm this week.
Late on Monday, financial regulator the Bermuda Monetary Authority announced it had started windi...
DATE: Aug 05, 2009
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AUTHOR:
Jonathan Kent
Max Capital Group Ltd. comfortably beat the analysts' expectations with second-quarter earnings of $43.8 million, as insurance policy sales grew strongly.
But the net income figure, which broke down to 76 cents per share, was down by 41 percent on th...
DATE: Aug 05, 2009
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AUTHOR:
Jonathan Kent
The Lobster Pot and Boat House Bar restaurant is closed for two weeks so it can undergo renovations.
Workers have been taking out walls and windows and gutting the interior of the popular seafood eatery over the past two days.
Yesterday, the restaura...
DATE: Aug 05, 2009
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AUTHOR:
Jonathan Kent
Bermuda-based offshore investment firm Lines Overseas Management Holdings Ltd. posted a net loss of $725,000 in the first half of 2009, as revenues fell by more than a third.
The company said yesterday it had suspended its regular quarterly dividend ...
DATE: Aug 04, 2009
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AUTHOR:
Jonathan Kent
Tech entrepreneur McCal Roberts is offering free advice on how to go about setting up a website for the month of August.
Mr. Roberts' company Mac10 Soft will also be happy to advise on other tech-based issues, such as video editing and software desig...
DATE: Aug 03, 2009
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AUTHOR:
Jonathan Kent
Bermuda reinsurer Validus Holdings Ltd. posted an 81 percent rise in second-quarter net income, thanks to revenue growth, a lack of catastrophe claims and an increase in the market value of its investments.
The company, which is aiming to complete it...
DATE: Aug 03, 2009
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AUTHOR:
Jonathan Kent
XL Capital Ltd. is back on a firm footing and competing well in a tough insurance market, according to the company's boss Michael McGavick.
The Bermuda-based business insurer's chief executive officer told The Royal Gazette the company's book of busi...
DATE: Aug 03, 2009
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AUTHOR:
Jonathan Kent
