1682 results returned for search: "" category "Business" author Jonathan Kent
Montpelier Re Holdings Ltd’s book value per share rose nearly six percent during the first quarter as the Bermuda reinsurer benefited from a lack of catastrophe activity.
The company posted operating earnings of $72 million, or $1.48 per share, crush...
DATE: May 01, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Supply of capital is exceeding demand in the reinsurance industry, according to RenaissanceRe Holdings Ltd CEO Kevin O’Donnell.
The Bermuda-based reinsurer last night reported first-quarter net income of $151 million last night and surpassed Wall Str...
DATE: Apr 30, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Butterfield Bank reported first-quarter net income of $23.2 million — up more than 74 percent from the same period last year.
Increasing business volumes and further cost cutting helped the bank to achieve the improvement from last year’s first-quart...
DATE: Apr 29, 2014
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CATEGORY:
Local Business
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AUTHOR:
Jonathan Kent
PartnerRe Ltd comfortably exceeded Wall Street’s expectations as it reported net income of $295.7 million and its book value hit a record high.
The profit, which included net after-tax realised and unrealised gains on investments of $115.8 million, b...
DATE: Apr 29, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Shares of White Mountains Insurance Group fell slightly yesterday after the re/insurance group announced that net income slid 17 percent in the first quarter compared to the same period last year.
The Bermuda-based company, whose operations include i...
DATE: Apr 29, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Butterfield Bank today reported first-quarter net income of $23.2 million — up more than 74 percent from the same period last year.
Increasing business volumes and further cost cutting helped the bank to achieve the improvement from last year’s first...
DATE: Apr 28, 2014
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CATEGORY:
Local Business
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AUTHOR:
Jonathan Kent
LOM (Holdings) Ltd swung to a profit of $180,284 in 2013, as revenue rose more than eight percent.
CEO Scott Lines said in a letter to shareholders, published by the Bermuda Stock Exchange this morning, that the profit — which compared to a loss of $...
DATE: Apr 28, 2014
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CATEGORY:
Local Business
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AUTHOR:
Jonathan Kent
Bermuda-based reinsurer Everest Re Group says it will be using alternative capital increasingly as it comes close to closing its first catastrophe bonds.
That was the view expressed by Everest CEO Dominic Addesso in an earnings statement that showed ...
DATE: Apr 25, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Validus Holdings last night reported net income of $162.4 million for the first quarter — a fall of 27 percent from the $223.2 million recorded in the same period of 2013.
Aided by a lack of catastrophe claims, the Bermuda Class of 2005 reinsurer ach...
DATE: Apr 25, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Aspen Insurance Holdings CEO Chris O’Kane yesterday told analysts that his company is committed to its stand-alone plan — but conceded that there are many companies that would make potential merger partners, other than Endurance Specialty Holdings wh...
DATE: Apr 25, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
