2353 results returned for search: "" category "Other" author Jonathan Kent
Two Bermuda reinsurers last night announced they would take a combined quarter-billion-dollar hit from their exposure to investments related to the US mortgage crisis.
RenaissanceRe will write down its imminent fourth-quarter results by $181.7 millio...
DATE: Jan 17, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
American International Group Inc. (AIG) has become the latest company to terminate a Bermuda-based sidecar, a trend brought about largely by the lack of catastrophes in the past two years.
AIG's $730 million Bermuda-based sidecar Concord Re was set u...
DATE: Jan 17, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
The Christmas holiday period did not bring in the business that most Bermuda retailers had hoped for, with the December 18 general election curbing the enthusiasm of some shoppers.
And restaurateurs had an "average" holiday season, as they faced the ...
DATE: Jan 15, 2008
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Other
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AUTHOR:
Jonathan Kent
The capitalisation of Bermuda's reinsurance industry rose more than 20 percent to reach $129 billion by the end of the third quarter of 2007.
That staggering figure is greater than the 2006 gross domestic product of many countries, including Pakistan...
DATE: Jan 11, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Investors who bought shares in Bermuda company Security Capital Assurance Ltd. (SCA) last June have joined two class action complaints, in which XL Insurance Ltd. is named as one of the defendants.
The actions concern SCA shares worth $300 million, w...
DATE: Jan 11, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Leading risk modelling company AIR Worldwide Corporation yesterday suggested that a likely higher incidence of Atlantic storm activity does not necessarily equate to a risk of more hurricanes making landfall in the US.
Research by a team of AIR scien...
DATE: Jan 08, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Expanding the investment funds sector offers Bermuda the chance of further international business growth without adding substantially to the strain on the Island's stretched infrastructure.
That is the view of Cheryl Packwood, chief executive officer...
DATE: Dec 03, 2007
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
A delegation from Bermuda attended a major hedge fund conference in Dubai this week as they looked to forge financial links between the Island and the rapidly developing Middle Eastern financial centre.
Bermuda International Business Association (BIB...
DATE: Nov 30, 2007
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Some analysts believe global banking giant HSBC may consider selling the Bank of Bermuda, according to a report in a British newspaper.
The Daily Telegraph reported on Saturday that HSBC's Bermuda business may be one of several assets that could be p...
DATE: Nov 26, 2007
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Even before the Endurance World Open starts, the organisers can already lay claim to having achieved a minor miracle.
On the site of some old tennis courts at Turtle Hill, in the grounds of the Fairmont Southampton Hotel, an impressive 1,400-seater, ...
DATE: Nov 22, 2007
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
