2353 results returned for search: "" category "Other" author Jonathan Kent
Bermuda will receive around $22.5 million as its share of funds confiscated from the IPOC International Growth Fund, as agreement was reached to wind up the fund in Supreme Court yesterday.
Around $45 million was confiscated as a results of a crimina...
DATE: May 08, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda-based credit protector Primus Guaranty Ltd. posted a record quarterly loss of $670.1 million yesterday, on the decline in market value of its credit swap portfolio.
The loss broke down to a negative $14.85 a share, as the company said the unr...
DATE: May 07, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda-based Flagstone Reinsurance Holdings Ltd. reported a seven-percent fall in profits on a dip in investment returns.
The 'Class of 2005' reinsurer achieved improvements in its underwriting performance with operating income, gross premiums writt...
DATE: May 07, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
CellularOne owners Bermuda Digital Communications recorded revenue of $5.3 million in the first quarter of this year.
Results published by US telecommunications company Atlantic Tele-Networks (ATN), which owns a 58-percent stake in BDC, showed the co...
DATE: May 06, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
An American company which won a multi-million-dollar US government contract to train police officers in Iraq has been accused of using its Bermuda-based shell company to shield itself from US taxes.
Yesterday's edition of the Boston Globe reported th...
DATE: May 05, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda reinsurer Validus Holdings Ltd. yesterday reported a 17-percent increase in net income, thanks in part to its acquisition of Lloyd's specialty insurer Talbot.
Validus said its net income for the first three months of 2008 totalled $66.5 milli...
DATE: May 02, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda-headquartered Ace Ltd. last night announced its net income fell 46 percent after it suffered investment losses.
Profits plunged to $377 million, or $1.10 per share, compared to $701 million last year, or $2.10 per share during the same period...
DATE: Apr 30, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda-based Axis Capital Holdings Ltd. yesterday reported record first-quarter earnings of $238 million, up four percent on the same three months last year.
Broken down, the earnings amounted to $1.48 per share, compared to $1.37 in 2007, and the r...
DATE: Apr 29, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
The global expansion of Bermuda-based Flagstone Reinsurance Holdings Ltd. continued yesterday when the 'Class of 2005' reinsurer agreed to buy a stake of up to 29.9 percent in Cyprus-based Alliance International Reinsurance Public Company Ltd.
The tr...
DATE: Apr 29, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Butterfield Bank announced first-quarter earnings of $36.3 million on Friday — an increase of 1.8 percent compared to the same period last year.
Alan Thompson, the Bank's president and chief executive officer, said he was pleased with the performance...
DATE: Apr 28, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
