PLATINUM Q4
REPORT CARD
Net income: $64.1 million compared to $102.2 million in 2007.
Combined ratio: 97.7 percent compared to 75.3 percent in 2007.
Net premiums written: $237.3 million compared to $2...
Bermuda-based Nordic American Tankers Ltd. yesterday boosted its earnings capacity with the delivery of its latest tanker, named Nordic Sprite.
The debt-free oil tanker operator has now expanded its f...
Investment losses wiped out a profitable underwriting performance for Montpelier Re Holdings Ltd., which reported a net loss of $47.7 million for the fourth quarter.
Operating income totalled $57 mill...
Catastrophe reinsurance specialist IPC Holdings Ltd. passed a stern test of its business model by making net income of $90.4 million last year.
The 15-year-old Bermuda company's net income for the yea...
An increase to the loss estimate from Hurricane Ike drove Arch Capital Group Ltd. to a fourth-quarter loss of $143 million.
The Bermuda-based insurer and reinsurer last night said the company's result...
Bermuda-based Flagstone Reinsurance Holdings Ltd. announced a fourth-quarter net loss of $75.6 million on a decline in the value of its investments.
The class of 2005 reinsurer posted solid underwitin...
Axis Capital chairman Michael Butt says Bermuda has to "stay on its toes" to ensure it continues to attract international business as it faces multiple threats from potential changes in US taxation la...
Finance Minister Paula Cox yesterday presented $12,000 to the six successful applicants to earn passage through to the second round of the Economic Empowerment Zone design competition.
The competition...
ENDURANCE Q4
REPORT CARD
Net income: $16.9 million compared to $152.5 million in 2007.
Combined ratio: 83.5 percent compared to 74.7 percent in 2007.
Gross premiums written: $235.6 million compared to...
Fitch has maintained a "negative" rating outlook for the Bermuda insurance and reinsurance market — but it believes that the Island's companies are less likely to be downgraded than competitors elsewh...
