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It is "hold 'em steady" for XL Capital, according to the company's chief executive officer, Brian O'Hara, who downplayed the record results the company posted this week for the first quarter of 2004.
Speaking to analysts yesterday at the company's sc...
DATE: May 05, 2004
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Corporate fraud continues to be prevalent and underwriters must take a new approach to conducting due diligence in order to detect fraudulent activity when assessing a company's risk profile.
This is according to Barry Minkow, the forceful CEO of The...
DATE: May 05, 2004
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The Royal Gazette/Bermuda Stock Exchange Index yesterday fell 11.14 points to close at 1,219.97.
Belco Holdings Ltd. was the only BSX listed company to see any activity yesterday with investors buying and selling 400 shares, while pushing the price d...
DATE: May 05, 2004
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A substantial increase in money from investments and international business led to the balance of payments surplus rising by 77 percent during the third quarter of 2003 compared to the previous quarter.
This rise in one of the Island's most important...
DATE: May 05, 2004
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A single real estate company in Bermuda has sold or rented $30 million worth of homes during the first three months of the year, with the average price of a house leaping to $1.3 million.
According to William Madeiros, vice president of Rego Realtors...
DATE: May 04, 2004
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Max Re executives are hoping ratings agency A.M. Best may raise their financial strength rating in the next year.
On an earnings call with investment analysts yesterday, CEO Robert Cooney and CFO Keith Hynes said the company's A- (excellent) financia...
DATE: May 04, 2004
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Max Re Capital Ltd. yesterday reported a nearly 200 percent jump in net income, with earnings of $43 million recorded in the first quarter.
Max Re's strong numbers, for the first three months of 2004, compared to the more paltry $14.6 million in net ...
DATE: May 04, 2004
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There was no change yesterday on The Royal Gazette/Bermuda Stock Exchange index at 3,231.12 after a quiet day of trading.
The only share to change hands was Bank of Butterfield, which traded unchanged at $44, trading 3,000 shares worth $132,000.
DATE: May 04, 2004
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The Bermuda market has peaked and cannot take many more new companies setting up on its shores as the Island is running out of space and reaching capacity, according to Brian O'Hara, chief executive officer of XL Capital.
Mr. O'Hara said that existin...
DATE: May 04, 2004
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Bermuda-based Allied World Assurance Holdings, Ltd. last night reported its profits had soared by 60 percent to nearly $90 million after the company grew its book of business.
AWAC, which was set up at the end of 2001 in response to a shortage of cap...
DATE: May 04, 2004
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