1710 results returned for search: "" category "Business" author Jonathan Kent
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 underwiting results, but they were overshadowed by realised ...
DATE: Feb 18, 2009
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AUTHOR:
Jonathan Kent
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 law, competition from rival jurisdictions and the ch...
DATE: Feb 17, 2009
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AUTHOR:
Jonathan Kent
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 was seeking entries for idea to establish various...
DATE: Feb 17, 2009
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AUTHOR:
Jonathan Kent
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 $277.8 million in 2007.
Endurance Specialty Holdi...
DATE: Feb 13, 2009
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AUTHOR:
Jonathan Kent
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 elsewhere.
Uncertainty tied to the continued highly vola...
DATE: Feb 13, 2009
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AUTHOR:
Jonathan Kent
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 $284.4 million in 2007.
Bermuda-based Argo Group ...
DATE: Feb 13, 2009
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AUTHOR:
Jonathan Kent
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 Bermudian student entering either the junior or senior yea...
DATE: Feb 13, 2009
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AUTHOR:
Jonathan Kent
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 also fell as gross premiums written fell 15 percen...
DATE: Feb 12, 2009
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AUTHOR:
Jonathan Kent
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 share, compared to net income of $62.2 million, or 8...
DATE: Feb 12, 2009
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AUTHOR:
Jonathan Kent
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 company, in which it lost billions of dollars through ...
DATE: Feb 12, 2009
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AUTHOR:
Jonathan Kent
