ARGO GROUP Q4
REPORT CARD
Net income: $11.8 million compared to $23.5 million in 2007.
Combined ratio: 98.6 percent compared to 95.2 percent in 2007.
Gross premiums written: $379.6 million compared to...
Insurer Axis Capital Holdings Ltd. is offering a scholarship that includes a commitment to employ successful applicants for a minimum of one year.
The scholarship is worth $25,000 a year to a Bermudia...
Bermuda reinsurer Everest Re Group Ltd. reported a net loss of $16.6 million for the fourth quarter as investment income plunged by more than half compared to the same period a year earlier.
Revenues ...
Bermuda reinsurer RenaissanceRe Holdings Ltd. made a net loss of $55.2 million in the fourth quarter of 2008 as investment losses wiped out underwriting profits.
The loss broke down to 91 cents per sh...
XL Capital shares soared 61 percent yesterday as investors saw value in strong underwriting results and looked beyond the company's $2.6 billion net loss in 2008.
Despite a traumatic year for the comp...
Almost 40 staff face losing their jobs at the Bermuda headquarters of insurer XL Capital this year, as the company looks to cut costs after losing $2.6 billion in 2008.
XL chief executive officer Mich...
XL Capital Ltd. made a net loss of $1.43 billion in the fourth quarter of 2008, cut its dividend payout to shareholders by almost half and plans to cut its global workforce by 10 percent.
The announce...
Bermuda's international insurers took a battering on the stock market yesterday after new US Treasury Secretary Tim Geithner's announcement of a $2 trillion financial rescue plan failed to inspire inv...
Almost 40 staff face losing their jobs at the Bermuda headquarters of insurer XL Capital this year, as the company looks to cut costs after losing $2.6 billion in 2008.
XL chief executive officer Mich...
Swiss Re is to close its Bermuda office with the loss of five jobs as the company seeks to cut costs.
The office, which is located on the fourth floor of Mintflower Place on Par-la-Ville Road, will be...
