2353 results returned for search: "" category "Other" author Jonathan Kent
The Bermuda insurance market bounced back in spectacular fashion in 2009, with a massive swing to profit.
A group of 17 US-listed property and casualty re/insurance companies who are based on the Island or who have major operations here, achieved col...
DATE: Feb 22, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
The Island's three biggest domestic listed companies each saw millions wiped off their market value on Friday, as the Bermuda Stock Exchange Index plunged to its lowest point in nearly a decade.
Both Butterfield Bank and Argus Group Holdings plunged ...
DATE: Feb 22, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
The Bermuda Stock Exchange (BSX) plunged to its lowest level in nearly a decade yesterday, as Butterfield Bank shares fell more than nine percent.
The Royal Gazette / BSX Index fell 4.6 percent in yesterday's trading to close on 1,919.01 points — its...
DATE: Feb 20, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Read our lips: No new taxes.
That is the message from Bermuda's employers to Finance Minister Paula Cox, who will announce her Budget for the 2010/11 fiscal year next Friday.
Bermuda Employers' Council president Graham Redford yesterday said in a det...
DATE: Feb 19, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Validus Holdings Ltd. last night reported a near 17-fold increase in annual profits as the reinsurer saw benefits from last September's acquisition of IPC Holdings.
Validus said net income for 2009 was $897.4 million, or $9.24 per share, compared wit...
DATE: Feb 19, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Platinum Underwriters Holdings Ltd. last night said its net income rose by almost 70 percent last year, despite a fall in revenue.
The Bermuda reinsurer said net earnings for the 12 months totalled $383.3 million, or a record $7.33 per share, compare...
DATE: Feb 18, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Flagstone Reinsurance Holdings Ltd.'s operating income more than doubled last year, as the company benefited from selling more reinsurance and a quiet hurricane season.
The Bermuda-based reinsurer posted full-year net income of $242.2 million, or $2....
DATE: Feb 17, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Arch Capital Group Ltd.'s book value soared 42 percent last year as the company's full-year profit rose more than threefold.
The Bermuda-based re/insurer last night reported fourth-quarter net income of $284.7 million, or $4.75 per share, compared to...
DATE: Feb 17, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Shares of RenaissanceRe Holdings Ltd. rose more than four percent yesterday after the company's shares were upgraded from "hold" to "buy" by Deutsche Bank.
In New York Stock Exchange composite trading yesterday, the Bermuda reinsurer's share price ro...
DATE: Feb 17, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
The total assets of Bermuda's insurance industry grew seven percent in 2008 — even after global financial markets crashed — figures released yesterday showed.
Financial regulator the Bermuda Monetary Authority (BMA) said yesterday the combined assets...
DATE: Feb 16, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
