2353 results returned for search: "" category "Other" author Jonathan Kent
Consumers continue to tighten their purse strings and spend less at the stores — a trend that has been going on for more than two years.
Sales at retail outlets fell in June for the 15th consecutive month, year on year, according to figures released ...
DATE: Aug 12, 2010
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
Bermuda-based Allied World Assurance Company Holdings Ltd. has repurchased $250 million of its common shares from some of the company's founding shareholders.
The company bought five million shares from affiliates of US banking giant Goldman Sachs, i...
DATE: Aug 10, 2010
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
Butterfield Bank is on the road to recovery and hopes to end the year with a return to profitable growth, says chief executive officer Bradford Kopp.
Last week, the bank scraped a second-quarter profit of $200,000, with its revenues continuing to be ...
DATE: Aug 09, 2010
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
Bermuda-based Enstar Group Ltd. reported a more than 40 percent rise in net earnings for the second quarter.
The company, which specialises in acquiring and managing insurance and reinsurance companies in run-off, posted profit of $12.4 million, or 9...
DATE: Aug 09, 2010
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
Butterfield Bank eked out a $200,000 profit in the second quarter as the bank's revenues were squeezed by low interest rates.
After dividends paid out on preference shares were taken into account, the April through June period brought a net loss of $...
DATE: Aug 06, 2010
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
Re/insurer Hardy Underwriting Bermuda Ltd. said yesterday that first-half pretax profit declined 90 percent to £0.8 million ($1.3 million).
The company was hit by around $80 million in losses from two first-quarter catastrophes — the earthquake in Ch...
DATE: Aug 06, 2010
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
XL Group plc has no plans to relocate senior executives from Bermuda to Ireland, following the move of the company's holding company to Dublin.
The global business insurer's chief executive officer Mike McGavick told The Royal Gazette that there was...
DATE: Aug 05, 2010
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
The Bermuda Government's mounting debt problem can be traced back a few years to when the economy was booming, according to the Bermuda Chamber of Commerce.
In a statement on Finance Minister Paula Cox's recent comments on the debt situation, the Cha...
DATE: Aug 05, 2010
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
Bermuda-based reinsurer Maiden Holdings Ltd. saw profits rise 14.7 percent increase in the second quarter over the same period last year.
The three-year-old company beat Wall Street estimates, generating operating income of $21.2 million, or 30 cents...
DATE: Aug 05, 2010
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
XL Group plc last night posted second-quarter profits of $191.8 million and handily beat Wall Street estimates of its operating earnings.
The business insurer and reinsurer's profits broke down to 56 cents per share and compared to $79.9 million in t...
DATE: Aug 04, 2010
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
