1682 results returned for search: "" category "Business" author Jonathan Kent
Bermuda re/insurer Validus Holdings Ltd last night reported second-quarter profit of $153.4 million.
The company’s net income surged fivefold from the second quarter of 2013 when significant catastrophe claims related to European floods impacted resu...
DATE: Jul 25, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Shares of Bermuda reinsurer Platinum Underwriters Holdings Ltd fell more than four percent yesterday after the company’s second-quarter earnings fell short of analysts’ expectations.
Platinum reported net income of $36.2 million for the April through...
DATE: Jul 18, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
It may be a case of now or never for Aspen Insurance Holdings shareholders considering whether or not they should support Endurance Specialty Holdings’ hostile takeover bid.
Yesterday, Endurance chairman and chief executive officer John Charman said ...
DATE: Jul 15, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Iron-Starr Excess Agency Ltd and Hamilton Re have entered into an underwriting partnership.
Iron-Starr, a Bermuda-based specialty lines insurance managing general underwriting agency formed in 2009 through a partnership between Ironshore and Maurice ...
DATE: Jul 15, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Endurance Specialty Holdings Ltd’s proposed merger with Aspen Insurance Holdings Ltd makes strategic sense — but Endurance should raise its offer, given the strength of Aspen’s latest financial results.
That is the view of analysts at UBS, detailed i...
DATE: Jul 14, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Bermuda-based reinsurer Ariel Holdings Ltd has agreed to be sold to Brazil’s Grupo BTG Pactual SA, largest independent investment bank in Latin America, for an undisclosed sum.
Ariel’s CEO Tom Hulst told The Royal Gazette last night that “no jobs wil...
DATE: Jul 11, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Aspen Insurance Holdings Ltd last night gave early guidance on its second-quarter results — hours after its hostile takeover pursuer Endurance Specialty Holdings Ltd criticised its “underperformance”.
Last night’s pre-announcement — the final results...
DATE: Jul 11, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Newly published research by the US Congress claims that 76 companies have shifted their corporate domiciles away from the US since 1983 — one of them being Ace Ltd.
Such domicile shifts are referred to as “inversions” and have been causing concern am...
DATE: Jul 09, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
The April through June period set a new quarterly record for the volume of catastrophe bonds issued.
According to a report by Willis Capital Markets & Advisory (WCMA), $4.5 billion of non-life catastrophe bond capacity was issued in 17 deals in the s...
DATE: Jul 08, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
More mergers and acquisitions are likely in the telecommunications sector, driven by fierce competition in a liberalised marketplace.That is the view of co-founders of Bermuda Digital Communications Ltd, Kurt Eve and Michael Leverock, who are adamant...
DATE: Jul 04, 2014
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CATEGORY:
Local Business
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AUTHOR:
Jonathan Kent
