1727 results returned for search: "" category "Business" 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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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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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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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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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
Shares of troubled Bermuda insurance giant XL Capital shot up 38 percent in early trading today after the company revealed third-quarter investment losses could top $1 billion.
In a statement issued this morning, the company estimated that its book v...
DATE: Oct 10, 2008
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AUTHOR:
Jonathan Kent
Bermuda is not immune from the global financial turmoil that has plunged world markets into free fall, but the Island's international business sector could emerge well from the global carnage.
That is the view of Finance Minister Paula Cox, who told ...
DATE: Oct 09, 2008
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AUTHOR:
Jonathan Kent
A subsidiary of Bermuda-based insurer American Safety Insurance has been hit with a $250 million lawsuit in California.
The case, which has been brought by PMA Capital Insurance Company, revolves around an insurance policy written by Oklahoma-based A...
DATE: Oct 08, 2008
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AUTHOR:
Jonathan Kent
