Forty-seven employees face losing their jobs at XL Capital Ltd.'s Bermuda headquarters, as the company aims to trim its operating costs in difficult insurance market conditions.
XL's chief executive o...
There was no word from XL Capital Ltd. yesterday on how many jobs will be lost at the company's global headquarters as the company tries to slash operating costs.
On Monday evening, the global commerc...
Credit ratings agencies gave a less than enthusiastic welcome to XL Capital Ltd.'s plan to extricate itself from potential future costs relating to affiliate Security Capital Assurance Ltd. (SCA).
Bot...
Bermuda-based RenaissanceRe Holdings Ltd. yesterday reported net earnings of $135.7 million for the second quarter, down 26 percent on the same period of last year.
Low catastrophe losses enabled the ...
Bermuda-based Ram Holdings Ltd. yesterday said its bond reinsurance unit Ram Re paid out $94.4 million to cut its exposure to mortgage-linked bonds.
The payment allowed the company to rid itself of ex...
XL Capital Ltd. said last night its second-quarter profit plunged 57 percent on catastrophe claims and costs related to its bond insurer affiliate Security Capital Assurance (SCA).
Second-quarter net ...
Bermuda-based XL Capital Ltd last night revealed the price it will pay for extricating itself from its ill-fated foray into the financial guaranty business — a cool $1.9 billion.
Some of XL's employee...
Bermuda-based commercial insurer XL Capital Ltd. will announce its second-quarter results today after the US stock markets close, the company announced yesterday afternoon.
XL executives will also mak...
IPC Holdings Ltd. last night reported a 70-percent increase in net income in the second quarter despite $13.8 million in losses related to US floods and tornadoes.
The Bermuda-based reinsurerrecorded ...
Bermuda's insurance leaders are more concerned about cycle management and underwriting discipline than any other single issue, a survey released today by PricewaterhouseCoopers (PWC) has shown.
Chief ...
