1727 results returned for search: "" category "Business" 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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CATEGORY:
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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
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 announcements came in the Bermuda-based insurer's earnings...
DATE: Feb 11, 2009
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AUTHOR:
Jonathan Kent
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 investors' confidence.
Every one of the US-listed Ber...
DATE: Feb 11, 2009
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AUTHOR:
Jonathan Kent
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 effectively shut down by the end of June this yea...
DATE: Feb 10, 2009
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CATEGORY:
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AUTHOR:
Jonathan Kent
