2353 results returned for search: "" category "Other" author Jonathan Kent
XL Capital Ltd. shares soared more than 70 percent by lunchtime today — even after the company announced it had lost an estimated $1.6 billion in the three months from July through September.
Separately, the company said that its chairman Brian O'Har...
DATE: Oct 14, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Shares of Bermuda insurance giant XL Capital rebounded yesterday, as the US stock markets fell for the eighth successive day.
XL, which had lost around 80 percent of its market value over the previous two days, rose $1.42, or 35 percent, in New York ...
DATE: Oct 11, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda reinsurer PartnerRe yesterday revealed it had made a third-quarter underwriting profit despite the impact of hurricanes Gustav and Ike.
And the company's chief executive officer Patrick Thiele declared that the company had the capital to resp...
DATE: Oct 11, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda-based business insurer XL Capital Ltd. recovered some of the enormous losses its share price suffered over the past week after the company announced estimated investment losses of around $1 billion for the third quarter.
XL, which had shed 80...
DATE: Oct 11, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda-based insurance giant XL Capital's share price yesterday lost more than half its value as US blue-chip stocks hit their lowest level in five years.
After an analyst raised concerns about XL's investment portfolio, the company's share price no...
DATE: Oct 10, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Shares of troubled Bermuda insurance giant XL Capital shot up 38 percent in early trading today after the company revealed third-quarter investment losses could top $1 billion.
In a statement issued this morning, the company estimated that its book v...
DATE: Oct 10, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Finance Minister Paula Cox has described the current global financial turmoil as a "perfect storm" and says that says Government is looking at ways to help Bermudians protect their income during the downturn.
While she would not discuss tax cuts, she...
DATE: Oct 09, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda is not immune from the global financial turmoil that has plunged world markets into free fall, but the Island's international business sector could emerge well from the global carnage.
That is the view of Finance Minister Paula Cox, who told ...
DATE: Oct 09, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
US share prices plunged yesterday to complete the steepest five-day fall in the history of the Dow Jones Industrial Average as the credit crisis deepened.
Investors were unimpressed by the US Federal Reserve's announcement that it would buy up "comme...
DATE: Oct 08, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
A subsidiary of Bermuda-based insurer American Safety Insurance has been hit with a $250 million lawsuit in California.
The case, which has been brought by PMA Capital Insurance Company, revolves around an insurance policy written by Oklahoma-based A...
DATE: Oct 08, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
