1727 results returned for search: "" category "Business" 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
Around 60 of the world's top insurance chief executives and chairmen are meeting in Hamilton this week in the industry's highest-powered meeting of the year.
The annual general assembly of The Geneva Association, or the International Association for ...
DATE: May 28, 2008
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AUTHOR:
Jonathan Kent
Climate change is "an underwriter's worst nightmare" as its unpredictable effects make assessing risk an increasingly difficult task.
That is the view of an expert on the subject, Andre Logan, of Ceres, a non-profit organisation which directs the Inv...
DATE: May 23, 2008
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AUTHOR:
Jonathan Kent
The rise of nanotechnology will challenge the insurance industry to deal with a wide range of new risks that will impinge on almost all lines of business, conference delegates heard yesterday.
Speaking at the International Reinsurance Summit at the F...
DATE: May 21, 2008
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AUTHOR:
Jonathan Kent
