1717 results returned for search: "" category "Business" author Jonathan Kent
Just over half of respondents in a poll of readers of the industry magazine Reactions believe that Bermuda is still the place for new insurers to go with start-up capital.
While the Island has attracted the vast majority of start-ups and their capita...
DATE: Jul 23, 2009
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AUTHOR:
Jonathan Kent
Bermuda-based Kingate Management Ltd. has been given an extension until next Monday to respond to a lawsuit in which it is accused of withdrawing $255 million in "fake profit" from funds invested with fraudster Bernard Madoff.
The extension, requeste...
DATE: Jul 23, 2009
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AUTHOR:
Jonathan Kent
Just over half of respondents in a poll of readers of the industry magazine Reactions believe that Bermuda is still the place for new insurers to go with start-up capital.
While the Island has attracted the vast majority of start-ups and their capita...
DATE: Jul 22, 2009
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AUTHOR:
Jonathan Kent
Low catastrophe activity helped Bermuda reinsurer Platinum Underwriters Holdings Ltd. to earn second-quarter net income of $98.1 million and comfortably beat analysts' expectations.
The profit, announced last night, broke down to a company record $1....
DATE: Jul 22, 2009
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AUTHOR:
Jonathan Kent
Government will spend more and raise less revenue than it has budgeted for, as Bermuda's economy suffers from the effects of a "severe contraction" in the US.
That is the view of the Economist Intelligence Unit (EIU), which says Government borrowing ...
DATE: Jul 22, 2009
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AUTHOR:
Jonathan Kent
Bermuda's international insurers have welcomed a bill introduced in the US Congress that would give homeowners incentives to "storm-proof" their homes.
The Association of Bermuda Insurers and Reinsurers (ABIR) was one of several insurance industry bo...
DATE: Jul 21, 2009
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AUTHOR:
Jonathan Kent
The tallest building in the United States now bears the name of a Bermuda-domiciled company after Chicago's Sears Tower was renamed the Willis Tower.
In getting its name on the building Willis Group Holdings Ltd. - which is based in Bermuda, but has ...
DATE: Jul 20, 2009
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AUTHOR:
Jonathan Kent
Bermuda is about to become only the sixth market in the world where the new Heineken Premium Light beer will be on sale.
Beverage supplier and retailer Burrows Lightbourn Ltd. will stock the product, which is described as having similar quality to re...
DATE: Jul 20, 2009
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AUTHOR:
Jonathan Kent
Bermuda bond reinsurer Ram Holdings Ltd.'s first-quarter loss narrowed to $1.9 million, the company announced on Friday.
Ram suffered huge losses linked to the decline in value of the bonds it reinsures, especially mortgage-backed securities, during ...
DATE: Jul 20, 2009
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AUTHOR:
Jonathan Kent
The constrained supply of capital means the reinsurance industry is going through "scary times", Harbor Point Re chief executive officer John Berger told delegates at the Insurance Linked Securities Summit yesterday.
In his keynote speech to open the...
DATE: Jul 17, 2009
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AUTHOR:
Jonathan Kent
