110 results returned for search: "" category "News" author Jonathan Kent
Master investor Warren Buffett may be lining up a bid for Bermuda-based insurer XL Capital, according to a rumour circulating on Wall Street yesterday.
American Mr. Buffett, 78, named last year by Forbes magazine as the world's richest man, has a per...
DATE: Dec 19, 2008
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AUTHOR:
Jonathan Kent
XL Capital Ltd.'s share price plunged 33 percent yesterday after a report that the Bermuda-based insurance giant is putting itself up for sale.
The Bloomberg business news agency reported that XL, which employs around 280 people at its Bermuda headqu...
DATE: Dec 11, 2008
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AUTHOR:
Jonathan Kent
XL Capital’s shares plunged up to 51 percent today after reports that the Bermuda-based insurance giant is seeking a buyer.
A story on the Bloomberg wire said XL had hired New York bank Goldman Sachs to gauge interest from potential buyers, according...
DATE: Dec 10, 2008
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AUTHOR:
Jonathan Kent
Insurer and investment company BF&M yesterday announced its profits for the first nine months of the year fell by 29 percent as the value of its investments plunged by almost $15 million.
The Bermuda-based group recorded profits of $15.4 million thro...
DATE: Nov 20, 2008
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AUTHOR:
Jonathan Kent
One of Bermuda's leading insurance bosses yesterday issued a stark warning about multiple threats to the Island's future as an international business jurisdiction amid the ongoing global financial crisis.
XL Capital chief executive officer Michael Mc...
DATE: Nov 19, 2008
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AUTHOR:
Jonathan Kent
Shares of Bermuda insurance giant XL Capital rebounded yesterday, as the US stock markets fell for the eighth successive day.
XL, which had lost around 80 percent of its market value over the previous two days, rose $1.42, or 35 percent, in New York ...
DATE: Oct 11, 2008
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AUTHOR:
Jonathan Kent
Bermuda-based insurance giant XL Capital's share price yesterday lost more than half its value as US blue-chip stocks hit their lowest level in five years.
After an analyst raised concerns about XL's investment portfolio, the company's share price no...
DATE: Oct 10, 2008
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AUTHOR:
Jonathan Kent
Finance Minister Paula Cox has described the current global financial turmoil as a "perfect storm" and says that says Government is looking at ways to help Bermudians protect their income during the downturn.
While she would not discuss tax cuts, she...
DATE: Oct 09, 2008
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AUTHOR:
Jonathan Kent
US share prices plunged yesterday to complete the steepest five-day fall in the history of the Dow Jones Industrial Average as the credit crisis deepened.
Investors were unimpressed by the US Federal Reserve's announcement that it would buy up "comme...
DATE: Oct 08, 2008
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AUTHOR:
Jonathan Kent
Credit rating agency Fitch yesterday gave the thumbs-up to Bermuda's creditworthiness — much to the delight of Finance Minister Paula Cox.
Fitch affirmed Bermuda's issuer default rating at AA+ and its country ceiling rating at AAA.
A strong internati...
DATE: Aug 15, 2008
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AUTHOR:
Jonathan Kent
