6743 results returned for search: "" category "Business" author Business Staff
Bermudian-based Triton International Limited, the world’s largest lessor of intermodal freight containers, has reported net income attributable to common shareholders for the second quarter of $184.6 million.
That compares with net income of $181.2 m...
DATE: Aug 01, 2022
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CATEGORY:
International Business
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AUTHOR:
Business Staff
ATN International Inc, the Massachusetts-based parent company of One Communications and Fireminds, has reported a net loss of $500,000 for the second quarter of the year.
That compares with net income of $2 million in the second quarter of 2021.
The ...
DATE: Aug 01, 2022
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CATEGORY:
International Business
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AUTHOR:
Business Staff
Ascot has announced the launch of a marine cargo and war facility which will provide coverage for vital grain and food products transitioning through safe corridors established by the newly signed Black Sea Treaty between Russia and Ukraine.
Placed b...
DATE: Aug 01, 2022
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CATEGORY:
Reinsurance
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AUTHOR:
Business Staff
The announcement by Bermudian-based Fidelis Insurance Holdings Limited that it is to create a managing general underwriter has impacted the ratings of the company and its subsidiaries with AM Best.
The ratings agency has placed under review with nega...
DATE: Aug 01, 2022
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CATEGORY:
Reinsurance
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AUTHOR:
Business Staff
The Association of Bermuda International Companies said it will join OutBermuda in celebrating Bermuda Pride 2022 later this month.
In a statement Abic said: “As businesses in Bermuda, we strive to ensure that everyone is treated fairly, equitably, a...
DATE: Aug 01, 2022
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CATEGORY:
International Business
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AUTHOR:
Business Staff
The Bermuda International Long Term Insurers and Reinsurers organisation has formed a global advocacy committee to engage on international issues that affect the island’s life insurance sector.
The committee will interact with regulators, governments...
DATE: Aug 01, 2022
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CATEGORY:
Reinsurance
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AUTHOR:
Business Staff
The war in Ukraine and investment losses knocked the half-year results for Conduit Holdings Ltd to a comprehensive loss of $61.4 million.
This included the $24.6 million estimated loss in relation to Ukraine (net of reinsurance and reinstatement prem...
DATE: Aug 01, 2022
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CATEGORY:
Reinsurance
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AUTHOR:
Business Staff
Bermuda exempted company Arch Capital Group Ltd posted second-quarter profits of about $404 million, with net income available to Arch common shareholders of $394.2 million ($663.8 million in 2021).
Gross premiums written were up nearly 18 per cent t...
DATE: Jul 29, 2022
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CATEGORY:
Reinsurance
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AUTHOR:
Business Staff
Everest Re Group second-quarter 2022 results include net income of $123 million ($680 million in 2021).
Gross written premium was up 8.1 per cent over the comparative period to $3.4 billion.
Combined ratios were 91.8 per cent for the group, including...
DATE: Jul 29, 2022
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CATEGORY:
Reinsurance
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AUTHOR:
Business Staff
Lancashire Holdings Limited had a $7.1 million loss for the six months ended June 30, 2022, after strong growth of 34.6 per cent in gross premiums written year on year to $938.1 million.
“We continue to see attractive rate increases across a number o...
DATE: Jul 27, 2022
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CATEGORY:
Reinsurance
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AUTHOR:
Business Staff