1727 results returned for search: "" category "Business" author Jonathan Kent
Shareholders of Bermuda-domiciled CatCo Reinsurance Opportunities Fund Ltd have benefited from a handsome return thanks to a lack of reinsurance claims.
The fund announced yesterday that it will pay a 5.9 cent dividend and additionally proposed a “re...
DATE: Jan 06, 2015
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda goes into 2015 with better economic growth prospects than at any time since the global financial crisis struck six years ago.
After a grim period marked by job losses, wage cuts and freezes, business closures, a severe property market slump, ...
DATE: Jan 02, 2015
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda dollar loans lent out by banks have hit a seven-year low, according to figures from the Island’s financial regulator.
The Bermuda Monetary Authority’s latest Regulatory Update, released last week, shows Bermuda dollar-denominated loans, advan...
DATE: Dec 29, 2014
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda-based bond insurer Assured Guaranty Ltd has agreed to pay $810 million to buy the financial guaranty business of Philadelphia-based Radian Group.
Assured’s chief executive officer Dominic Frederico said the deal would boost earnings per share...
DATE: Dec 24, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
News of nearly half a billion dollars of new alternative reinsurance capital emerged yesterday, as the flow of third-party money into the industry continues unabated.
The Bermuda Stock Exchange (BSX) announced the listing of $290 million worth of not...
DATE: Dec 23, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Third Point Reinsurance Ltd is winding down its catastrophe reinsurance fund and diverting resources to Hiscox’s Kiskadee insurance-linked securities (ILS) platform, in changes announced to the relationship between the two Bermuda firms.
Third Point ...
DATE: Dec 19, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Beverage giant Bacardi has given a cautious welcome to the normalisation of diplomatic relations between the US and Cuba — but played a straight bat to the question of whether it would consider moving its headquarters from Bermuda to the Caribbean is...
DATE: Dec 19, 2014
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CATEGORY:
International Business
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AUTHOR:
Jonathan Kent
Global reinsurer Swiss Re has estimated that the insurance industry was hit by $34 billion in catastrophe losses in 2014 — a lower-than-normal tally in recent years — and $11 billion less than in 2013.
The Zurich-based company said its preliminary es...
DATE: Dec 19, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
The US Government programme that backstops insurance losses from terrorism acts is set to expire at the end of this year — sending shock waves through the insurance industry which overwhelmingly expected the US Congress to extend it.
The attempt to r...
DATE: Dec 18, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
XL Group is in talks aimed at buying Catlin in a potential $4 billion deal that would create a massive combined insurer and reinsurer.
Catlin is based in Bermuda and XL, which started operations on the Island in the 1980s, has a substantial presence ...
DATE: Dec 17, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
