1710 results returned for search: "" category "Business" author Jonathan Kent
Bermuda reinsurer Validus Holdings Ltd. yesterday reported a 17-percent increase in net income, thanks in part to its acquisition of Lloyd's specialty insurer Talbot.
Validus said its net income for the first three months of 2008 totalled $66.5 milli...
DATE: May 02, 2008
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AUTHOR:
Jonathan Kent
Bermuda-headquartered Ace Ltd. last night announced its net income fell 46 percent after it suffered investment losses.
Profits plunged to $377 million, or $1.10 per share, compared to $701 million last year, or $2.10 per share during the same period...
DATE: Apr 30, 2008
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AUTHOR:
Jonathan Kent
Bermuda-based Axis Capital Holdings Ltd. yesterday reported record first-quarter earnings of $238 million, up four percent on the same three months last year.
Broken down, the earnings amounted to $1.48 per share, compared to $1.37 in 2007, and the r...
DATE: Apr 29, 2008
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AUTHOR:
Jonathan Kent
The global expansion of Bermuda-based Flagstone Reinsurance Holdings Ltd. continued yesterday when the 'Class of 2005' reinsurer agreed to buy a stake of up to 29.9 percent in Cyprus-based Alliance International Reinsurance Public Company Ltd.
The tr...
DATE: Apr 29, 2008
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AUTHOR:
Jonathan Kent
Butterfield Bank announced first-quarter earnings of $36.3 million on Friday — an increase of 1.8 percent compared to the same period last year.
Alan Thompson, the Bank's president and chief executive officer, said he was pleased with the performance...
DATE: Apr 28, 2008
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AUTHOR:
Jonathan Kent
Insurance giant American International Group (AIG) has announced funding for environmentally friendly projects that would offset the equivalent of all the greenhouse gases the company produced in 2006.
The projects, which include reforestation, the u...
DATE: Apr 25, 2008
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AUTHOR:
Jonathan Kent
Bermuda-based Arch Capital Group Ltd. yesterday reported first-quarter earnings of $189.4 million as underwriting income fell by more than 20 percent.
Broken down, the profit amounted to $2.78 per share and was down four percent from the same three-m...
DATE: Apr 25, 2008
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AUTHOR:
Jonathan Kent
Bermuda reinsurer IPC Holdings yesterday reported net income of $86.8 million for the first quarter, up 13 percent on the same period last year.
The catastrophe coverage specialists' losses in the first three months of the year included a $14.5-milli...
DATE: Apr 25, 2008
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AUTHOR:
Jonathan Kent
Ace USA is offering coverage against political evacuation, kidnap and extortion for multinational companies with employees working in hotspots around the world.
The US subsidiary of Bermuda-headquartered Ace Ltd. said yesterday it would add the cover...
DATE: Apr 25, 2008
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AUTHOR:
Jonathan Kent
XL Capital Ltd. last night reported a first-quarter net income of $211.9 million — down 57 percent on the same three months of last year.
The global business insurer put the $337.8 million decline in profit down to a variety of factors, particularly ...
DATE: Apr 23, 2008
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AUTHOR:
Jonathan Kent
