1682 results returned for search: "" category "Business" author Jonathan Kent
A Bermuda-based fund that invests in reinsurance-related products earned a return of more than 20 percent for its shareholders in 2013.
CATCo Reinsurance Opportunities Fund Ltd said yesterday that its portfolio had benefited from lower catastrophe lo...
DATE: Feb 19, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Bermuda registered 1,200 new companies last year — the most in five years.
Education and Economic Development Minister Grant Gibbons said it was “one more sign that Bermuda is moving in the right direction after years of decline”.
In a statement rele...
DATE: Feb 18, 2014
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda-based Endurance Specialty Holdings Ltd annual earnings more than doubled to $279.2 million as the company benefited from lower catastrophe claims.
The company, which has undergone a major management shake-up since John Charman took over as CE...
DATE: Feb 07, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
XL Group’s annual earnings topped $1 billion for 2013, up more than 60 percent from the previous year.
The global business insurer’s CEO Mike McGavick described it as “another year of solid progress”.
Net income for the year was $1.1 billion, or $3.6...
DATE: Feb 06, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Bermuda reinsurer RenaissanceRe Holdings Ltd’s full-year profit rose 17.6 percent, as fewer catastrophes reduced claims.
The catastrophe reinsurance specialist, which set up in Bermuda 21 years ago, last night reported net income of $665.7 million fo...
DATE: Feb 05, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
A private insurer has started selling flood insurance policies in Florida, signalling new opportunities ahead for Bermuda catastrophe reinsurers.
Homeowners Choice Property & Casualty Insurance Company became the first admitted carrier in Florida to ...
DATE: Jan 27, 2014
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Marsh and McLennan chief executive officer Dan Glaser says the insurance market is generally softening and he expects price competition to heat up during this year.
Speaking with AMBestTV’s Meg Green at the Insurance Information Institute’s Property/...
DATE: Jan 17, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
American International Group CEO Robert Benmosche has been named Insurance Leader of the Year by St John’s University’s School of Risk Management (SRM).
Mr Benmosche will be honoured at a dinner on Wednesday at 6pm at the Marriott Marquis in New York...
DATE: Jan 14, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Ratings agency AM Best may upgrade Tower Group International — providing its planned merger with fellow Bermuda company ACP Re Ltd goes through.
Best has maintained troubled Tower’s ratings with an under review status, but has revised the implication...
DATE: Jan 13, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
A newly formed Bermuda company has agreed a deal that will give it a controlling interest in Capital G Bank Ltd.
Yesterday, Capital G Ltd announced it had agreed to amalgamate with Clarien Group Ltd, a wholly owned subsidiary of Bermuda exempted comp...
DATE: Jan 08, 2014
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CATEGORY:
Local Business
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AUTHOR:
Jonathan Kent
