2353 results returned for search: "" category "Other" author Jonathan Kent
Bermuda should not rely on a fifth wave of new insurance companies to bring new jobs to the embattled economy.
That is the view of Bradley Kading, president of the Association of Bermuda Insurers and Reinsurers (ABIR), who believes that new insurance...
DATE: Aug 12, 2009
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AUTHOR:
Jonathan Kent
Clients who have seen their net worths shrink during the global financial crisis are demanding more from wealth managers and are trusting them less.
That is one of the findings of a report by accountancy firm PricewaterhouseCoopers, entitled "A New E...
DATE: Aug 11, 2009
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AUTHOR:
Jonathan Kent
Bermuda-based reinsurer Maiden Holdings Ltd.'s second-quarter profits rose 18 percent compared to last year, on increased investment and underwriting revenues.
Net income was $16.3 million, compared to $13.8 million in the same period in 2008. Book v...
DATE: Aug 11, 2009
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AUTHOR:
Jonathan Kent
The recovery of Bermuda-based business insurer XL Capital Ltd. took another step forward as the firm was removed from Rating Watch Negative by credit rating agency Fitch.
Fitch has also seen signs that the biggest of the Island-based insurance compan...
DATE: Aug 10, 2009
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AUTHOR:
Jonathan Kent
Bermuda-based workers' compensation insurer CRM Holdings Ltd. posted a second-quarter net loss from continuing operations of $2.1 million, the company announced yesterday.
Revenue plunged by more than $20 million as the company's primary insurance su...
DATE: Aug 07, 2009
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AUTHOR:
Jonathan Kent
The annual rate of inflation fell to 1.2 percent in June — its lowest point for at least 32 years — according to Government figures released yesterday.
The figure marked a slight drop from the May rate of 1.4 percent, which was the lowest rate since ...
DATE: Aug 07, 2009
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AUTHOR:
Jonathan Kent
Life insurance policyholders with British American Insurance Company (BAICO) should continue to pay their premiums while the company's Bermuda branch is being wound up.
That is the advice from the team from KPMG Advisory Ltd., which has been appointe...
DATE: Aug 06, 2009
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AUTHOR:
Jonathan Kent
Local employment at Bermuda's biggest insurance companies is holding firm despite the impact of the global economic downturn.
Figures compiled by the Association of Bermuda Insurers and Reinsurers (ABIR) show that its 24 member companies employed nea...
DATE: Aug 06, 2009
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AUTHOR:
Jonathan Kent
Concern mounted yesterday for clients of British American Insurance Company's Bermuda branch after the Official Receiver moved in at the firm this week.
Late on Monday, financial regulator the Bermuda Monetary Authority announced it had started windi...
DATE: Aug 05, 2009
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AUTHOR:
Jonathan Kent
Max Capital Group Ltd. comfortably beat the analysts' expectations with second-quarter earnings of $43.8 million, as insurance policy sales grew strongly.
But the net income figure, which broke down to 76 cents per share, was down by 41 percent on th...
DATE: Aug 05, 2009
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CATEGORY:
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AUTHOR:
Jonathan Kent
