1727 results returned for search: "" category "Business" author Jonathan Kent
Ace Ltd.'s third-quarter profit was down 92 percent to $54 million, the Switzerland-based insurer reported last night.
The company, which has major operations in Bermuda, is one of a minority in the industry to be able to report a positive net income...
DATE: Oct 29, 2008
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AUTHOR:
Jonathan Kent
Axis Capital Holdings Ltd. yesterday posted a net loss of $249 million for the third quarter, after taking huge hits from hurricanes Gustav and Ike.
The insurer and reinsurer said the two storms would cost it around $371 million — the largest sum dec...
DATE: Oct 28, 2008
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AUTHOR:
Jonathan Kent
A Bermuda-based insurance brokerage executive has warned the industry to brace itself for a severe bolstering of regulation in the wake of the ongoing financial crisis.
Dennis Mahoney, chairman of Aon Global, told an insurance conference in Sydney, A...
DATE: Oct 27, 2008
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AUTHOR:
Jonathan Kent
Bermuda will today host one major hedge fund conference and plug itself as a leading fund domicile at another, as the industry goes through a period of dramatic transformation.
Top hedge fund managers and some of their biggest investors will converge...
DATE: Oct 27, 2008
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AUTHOR:
Jonathan Kent
Catastrophe reinsurance specialist IPC Holdings Ltd. recorded a net loss of $87.5 million for the third quarter, as storm losses and net investment losses each topped $100 million.
In results for the June-through-September period released last night,...
DATE: Oct 24, 2008
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AUTHOR:
Jonathan Kent
Bermuda insurer Endurance Specialty Holdings Ltd. has announced 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 Gustav and ...
DATE: Oct 23, 2008
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AUTHOR:
Jonathan Kent
A glimmer of optimism is emerging for insurers in the wake of what has been one of the most difficult quarters the industry has faced, as some suggesting the trend of declining rates could be about to change.
Bermuda insurers to have declared their t...
DATE: Oct 23, 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 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
