1710 results returned for search: "" category "Business" author Jonathan Kent
Bermuda insurer Endurance Specialty Holdings Ltd. announced yesterday that it expects to report a third-quarter operating loss of between 96 cents and $1.15 per share.
The main reasons were estimated losses of $145 million related to hurricanes Gusta...
DATE: Oct 22, 2008
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AUTHOR:
Jonathan Kent
Bermuda-based reinsurer Everest Re Group Ltd. last night posted a loss of $233.1 million for the third quarter after being hit by catastrophe and investment losses.
The loss, which included net realised capital losses, broke down to $3.80 per share, ...
DATE: Oct 21, 2008
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AUTHOR:
Jonathan Kent
Bermuda insurer Endurance Specialty Holdings Ltd. announced yesterday that it expects to report a third-quarter operating loss of between 96 cents and $1.15 per share.
The main reasons were estimated losses of $145 million related to hurricanes Gusta...
DATE: Oct 21, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Standard & Poor's has affirmed the A+ financial strength rating on Ace Ltd. s core operating companies and their A- counterparty credit rating.
The agency's announcement on Friday came after the Zurich-based insurer, which has offices in Bermuda, ann...
DATE: Oct 20, 2008
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AUTHOR:
Jonathan Kent
Flagstone Reinsurance Holdings Ltd. has become the latest Bermuda company to buy into the London insurance market.
The reinsurer announced on Friday that it had entered into an agreement to buy Marlborough Underwriting Agency Ltd. from the Berkshire ...
DATE: Oct 20, 2008
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AUTHOR:
Jonathan Kent
XL Capital Group's financial strength rating from AM Best will remain at A (excellent) after the Bermuda insurer published preliminary third-quarter results this week, the ratings agency said yesterday.
XL estimated it lost more than $1.6 billion in ...
DATE: Oct 17, 2008
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AUTHOR:
Jonathan Kent
XL Capital Ltd. estimated yesterday that it made the biggest quarterly loss in its history around $1.6 billion in the three months through September this year.
After the company issued preliminary third-quarter results before the markets opened yeste...
DATE: Oct 15, 2008
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AUTHOR:
Jonathan Kent
XL Capital Ltd. shares soared more than 70 percent by lunchtime today — even after the company announced it had lost an estimated $1.6 billion in the three months from July through September.
Separately, the company said that its chairman Brian O'Har...
DATE: Oct 14, 2008
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AUTHOR:
Jonathan Kent
Bermuda reinsurer PartnerRe yesterday revealed it had made a third-quarter underwriting profit despite the impact of hurricanes Gustav and Ike.
And the company's chief executive officer Patrick Thiele declared that the company had the capital to resp...
DATE: Oct 11, 2008
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AUTHOR:
Jonathan Kent
Bermuda-based business insurer XL Capital Ltd. recovered some of the enormous losses its share price suffered over the past week after the company announced estimated investment losses of around $1 billion for the third quarter.
XL, which had shed 80...
DATE: Oct 11, 2008
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AUTHOR:
Jonathan Kent
