2353 results returned for search: "" category "Other" author Jonathan Kent
"Charting A Path Through The Soft Market" will be the theme of an insurance conference featuring some of leading lights of the Bermuda market that starts in Hamilton tomorrow.
CEOs speaking at the two-day event at the Fairmont Hamilton Princess inclu...
DATE: Nov 08, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Allied World Assurance Company Holdings Ltd. has agreed to pay more than $220 million to buy out some of its founding shareholders.
Saturday's announcement from the nine-year-old Bermuda-based re/insurer came after the company announced net income fo...
DATE: Nov 08, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
New Premier Paula Cox intends to extend the agreement that gives international companies an exemption from local corporate taxes.
The current Exempted Tax Certificate expires in 2016 and is a cornerstone of Bermuda's attractiveness as a corporate dom...
DATE: Nov 05, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Butterfield Bank announced a third-quarter net loss of $18.6 million last night, as results were impacted by problem loans to hospitality projects in Bermuda and The Bahamas.
The bank made provisions related to those loans of $14.2 million and also b...
DATE: Nov 04, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Butterfield Bank made a net loss of $18.6 million in the third quarter as problem loans to hotels ate into earnings.
The bank made provisions of $14.2 million against the loans to hospitality projects in Bermuda and The Bahamas. It also booked a prev...
DATE: Nov 04, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
XL Group plc last night announced a new $1 billion share buyback programme, as it swung to a $77.5 million profit for the third quarter.
The global business insurer, which moved its domicile from the Cayman Islands to Ireland earlier this year and ha...
DATE: Nov 03, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
A cash register that started its working life at Gosling's more than a century ago has been returned to its former home.
Yesterday Arthur Tatem, who has owned the antique for the past 40 years, presented it to Goslings at the company's Dundonald Str...
DATE: Nov 03, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda-based re/insurer Alterra Capital Holdings Ltd. last night posted net income of $82.8 million for the third quarter.
Alterra, formerly known as Max Capital Group Ltd., was formed on May 12, 2010 by the merger of Max and Harbor Point Limited, a...
DATE: Nov 03, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Axis Capital Holdings Ltd. swung to a third-quarter profit of $239 million despite suffering an estimated loss of $85 million related to September's New Zealand earthquake.
The net income broke down to $1.78 per share, compared with a net loss of $96...
DATE: Nov 02, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
More transparency in the tendering process for public projects is one thing the Construction Association of Bermuda (CAOB) would like to see from the new government of freshly elected Premier Paula Cox.
Attracting commercial tenants to fill up the gl...
DATE: Nov 02, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
