1727 results returned for search: "" category "Business" author Jonathan Kent
Aspen Insurance Holdings Ltd says it has found “overwhelming consensus” among shareholders for rejecting Endurance Specialty Holdings’ $3.2 billion bid for the company.
However, that is disputed by Endurance which is arguing today that shareholders o...
DATE: Apr 21, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Member companies of the Association of Bermuda Insurers and Reinsurers (ABIR) saw their profits increase in a year of low catastrophe activity.
Releasing 2013 underwriting results on Thursday, ABIR said profits totalled $11.7 billion in 2013 for the ...
DATE: Apr 17, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Shares of Bermuda reinsurer Platinum Underwriters Holdings Ltd climbed nearly four percent in New York trading on Thursday after the company reported first-quarter net income of $63.7 million.
Platinum shares were up $2.35, or 3.9 percent, to close a...
DATE: Apr 17, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Aspen Insurance Holdings Ltd has adopted a so-called poison pill to discourage attempts from fellow Bermuda re/insurer Endurance to stage a hostile takeover of the company.
The plan, which will be in place for one year, will give shareholders rights ...
DATE: Apr 17, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Global reinsurance capital grew by seven percent last year to reach $540 billion by the end of 2013, according to global reinsurance broker Aon Benfield.
The figure, quoted in the Aon Benfield Aggregate (ABA) report, includes both traditional and alt...
DATE: Apr 16, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
US investment advisory company FRMO Corporation has bought a 37.5 percent stake in the Bermuda Stock Exchange.
The Elmsford, New York-based company becomes the biggest shareholder in the BSX and its chairman Murray Stahl will be joining the BSX board...
DATE: Apr 16, 2014
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CATEGORY:
Bermuda Stock Exchange
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AUTHOR:
Jonathan Kent
Retail sales rose for the fourth month in five in February, raising hopes of better times ahead for Bermuda stores.
Total retail sales in February 2014 climbed 1.4 percent, according to the Department of Statistics’ Retail Sales Index, released today...
DATE: Apr 16, 2014
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CATEGORY:
Local Business
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AUTHOR:
Jonathan Kent
Lancashire Holdings Ltd’s founder and chief executive officer Richard Brindle is to retire from the company at the end of this month.
The Class of 2005 Bermuda start-up re/insurer announced today that Mr Brindle would retire from the Group and as a d...
DATE: Apr 16, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Endurance Specialty Holdings has made a hostile bid to acquire Aspen Insurance Holdings for $3.2 billion after its initial approaches for talks with fellow Bermuda-based re/insurer were rejected.
Endurance announced yesterday that it had made the off...
DATE: Apr 15, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Bermuda Aviation Services has sold its subsidiary Aircraft Services Bermuda Ltd to Cedar Aviation.
BAS chairman Michael Darling said it was “a somewhat sad occasion” as the company was divesting the business from which it takes its name.
Ian Cook, BA...
DATE: Apr 14, 2014
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CATEGORY:
Local Business
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AUTHOR:
Jonathan Kent
