1710 results returned for search: "" category "Business" author Jonathan Kent
XL Capital Ltd. yesterday reported a fourth-quarter loss of $1.06 billion as it suffered from the effects of its exposure to the US sub-prime mortgage crisis.
The figure surpassed even the $1.04 billion loss the global business insurer made after Hur...
DATE: Feb 06, 2008
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Jonathan Kent
Bermuda-based bond insurer Assured Guaranty is coming through the sub-prime mortgage crisis stronger than ever, while its rivals have been hit with ratings downgrades and collapsing share prices.
The company that was spun off by Ace Ltd. in 2004 has ...
DATE: Feb 06, 2008
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Jonathan Kent
Bermuda insurer Axis Capital last night announced a record year-end profit of more than $1 billion in only its sixth year of operation.
Axis chief executive officer John Charman hailed the results as "a magnificent achievement" and put it down to the...
DATE: Feb 05, 2008
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Jonathan Kent
Max Re founder Robert Cooney has returned to the Bermuda reinsurance arena with his appointment on Friday as managing director of Aon Capital Markets.
Mr. Cooney, 53, will also take the role of vice-chairman of Aon Re Global (Bermuda), with the respo...
DATE: Feb 04, 2008
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Jonathan Kent
Bermuda's insurance and reinsurance industry is likely to come through the sub-prime mortgage crisis with minor damage — until shareholders' claims against erring corporate management start to roll in.
That is the view of Mario Torsiello, chief execu...
DATE: Feb 01, 2008
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Bermudian Brian Duperreault has been appointed as chief executive officer of Marsh & McLennan Co. s, the world's biggest insurance brokerage.
Mr. Duperreault enjoyed a spectacular career in Bermuda, especially as chairman and CEO of Ace Ltd. from 199...
DATE: Jan 31, 2008
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AUTHOR:
Jonathan Kent
Bermuda's anti-money laundering efforts may have been hampered by a lack of staff and budgetary constraints in the Bermuda Police Service and in the Department of Public Prosecutions, according to the International Monetary Fund (IMF) report on Bermu...
DATE: Jan 31, 2008
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AUTHOR:
Jonathan Kent
Finance Minister Paula Cox yesterday said the Government intends to use recommendations made by the International Monetary Fund (IMF) as a roadmap for enhancements to Bermuda's anti-money laudering regime.
In a press conference yesterday, Ms Cox adde...
DATE: Jan 31, 2008
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AUTHOR:
Jonathan Kent
BF&M shareholders will receive an extra share for every ten they own in a one-for-ten stock dividend announced by the Bermuda insurer yesterday.
The dividend applies to shareholders of record as of February 29, 2008. In addition, the company raised i...
DATE: Jan 30, 2008
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AUTHOR:
Jonathan Kent
Bermuda-born Brian Duperreault was today named chief executive officer of Marsh & McLennan Cos., the world’s largest insurance brokerage.
Mr. Duperreault, 60, made his name in the insurance industry as chairman and CEO of Ace Ltd. from 1994 to 2004, ...
DATE: Jan 30, 2008
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AUTHOR:
Jonathan Kent
