1710 results returned for search: "" category "Business" author Jonathan Kent
Around one in five US residents lives within 10 miles of a coastline vulnerable to hurricanes and the coastal population — together with the risk for property catastrophe insurers and reinsurers — continues to grow.
That was the message from Aon Re's...
DATE: Jun 18, 2008
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AUTHOR:
Jonathan Kent
Organisers of the World Insurance Forum (WIF) yesterday invested $75,000 from proceeds raised by their 2008 event in Dubai in training young people for the Bermuda insurance market.
In a presentation at XL House in Hamilton yesterday, executive direc...
DATE: Jun 13, 2008
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AUTHOR:
Jonathan Kent
Bermuda's straining infrastructure may be the major threat to the future growth prospects of the Island's insurance market, according to a top executive.
XL Re chief executive officer Greg Hendrick told the audience at the Insurance Day Summit this w...
DATE: Jun 13, 2008
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AUTHOR:
Jonathan Kent
Bermuda-based bond insurer Security Capital Assurance Ltd.'s share price plunged 27 percent yesterday after it lost a legal battle with Merrill Lynch.
The court ruling means that SCA will have to stand by some $3.1 billion of guarantees on disputed d...
DATE: Jun 12, 2008
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AUTHOR:
Jonathan Kent
Bermuda bond insurer Security Capital Assurance Ltd.'s XL Capital Assurance Inc. and XL Financial Assurance Ltd. units had their financial strength ratings cut three levels to BBB- by Standard & Poor's (S&P) on Friday.
The downgrade reflects S&P's as...
DATE: Jun 09, 2008
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AUTHOR:
Jonathan Kent
Ace Ltd. will become a Swiss company, provided shareholders back the plan next month at what is likely to be the insurance giant's last annual general meeting to be held in Bermuda.
Chairman and chief executive officer Evan Greenberg said that the co...
DATE: Jun 06, 2008
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AUTHOR:
Jonathan Kent
Ratings agency Standard & Poor's has downgraded Bermuda bond reinsurer Ram Reinsurance's financial strength and financial enhancement ratings from AAA to AA and put a negative outlook on the ratings.
Ram chief executive officer Vernon Endo said he be...
DATE: Jun 05, 2008
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AUTHOR:
Jonathan Kent
Dubai has shown it can compete with Bermuda in terms of getting a new reinsurance company up and running in a short time.
Gulf Re, a joint venture between Bermuda-based Arch Capital and the Gulf Investment Corporation (GIC), expects to write its firs...
DATE: Jun 05, 2008
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AUTHOR:
Jonathan Kent
More Bermudians could reach the top tier of insurance company management if the Island offered a specialist leadership training course.
That is the view of insurance and reinsurance consultant Andrew Barile, who has more than four decades of experien...
DATE: Jun 03, 2008
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AUTHOR:
Jonathan Kent
The Focus Insurance Company Ltd. has finally been dissolved, more than 17 years after the liquidation process began.
The Bermuda Supreme Court announced in an order dated May 22 that liquidators PricewaterhouseCoopers had been released and that the c...
DATE: May 29, 2008
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AUTHOR:
Jonathan Kent
