1727 results returned for search: "" category "Business" author Jonathan Kent
Bermuda-based life reinsurer Wilton Re Holdings Ltd yesterday announced an agreement to acquire Conseco Life Insurance Company from CNO Financial Group for around $237 million.
It was the second deal announced by the company in the space of a month, ...
DATE: Mar 04, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Bermuda reinsurers could be in the hook for larger winter claims than normal coming from both sides of the Atlantic, after a string of storms hit the US and UK over the past few weeks.
PCS, a division of Verisk Analytics, has already calculated insur...
DATE: Mar 04, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
HSBC Bermuda’s net profit more than doubled to $45 million in 2013, as the company cut expenses and withstood significant allowances for bad loans.
The bank, part of the HSBC global empire, revealed its Bermuda unit’s results today and stressed that ...
DATE: Mar 03, 2014
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CATEGORY:
Local Business
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AUTHOR:
Jonathan Kent
Bermuda Press (Holdings) Ltd (BPH) posted a full-year profit of $922,000 as the company cut operating expenses by more than seven percent.
The net income for the year ended September 30, 2013, broke down to 40 cents per share and represented a strong...
DATE: Feb 28, 2014
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CATEGORY:
Local Business
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AUTHOR:
Jonathan Kent
XL Group’s American reinsurance operation has acquired Global Ag Insurance Services, a California-based crop insurance provider specialising in the needs of farmers in the western US.
XL Reinsurance America has been partnering with the Fresno-headqua...
DATE: Feb 27, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
First-quarter profit more than doubled to $6.2 million for Somers Ltd, owner of Bermuda Commercial Bank.
The profits were generated principally by BCB and Waverton, a UK investment management company in which Somers has a 62.5 percent controlling int...
DATE: Feb 27, 2014
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CATEGORY:
Local Business
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AUTHOR:
Jonathan Kent
Butterfield Bank yesterday announced that full-year net income more than tripled to $78.2 million in 2013.
Core earnings, which eliminate items “outside the course of normal business”, were up 39.5 percent to $76.6 million.
In its earnings statement ...
DATE: Feb 26, 2014
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CATEGORY:
Local Business
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AUTHOR:
Jonathan Kent
Bermuda-based Hiscox Ltd yesterday announced a 12 percent rise in full-year pre-tax profit to £244.5 million ($406.8 million) — the second-best earnings in its history.
The insurer and reinsurer, which employs around 50 people in its Reid Street head...
DATE: Feb 25, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Butterfield Bank today announced that full-year net income more than tripled to $78.2 million in 2013.
Core earnings, which eliminate items “outside the course of normal business”, were up 39.5 percent to $76.6 million.
In its earnings statement toda...
DATE: Feb 25, 2014
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CATEGORY:
Local Business
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AUTHOR:
Jonathan Kent
Bermuda First Investment Company Ltd (BFIC) recorded a $0.8 million profit for the first six months of its fiscal year — but saw the value of its investments fall by $4.3 million.
The company, which invests in a variety of Bermuda Stock Exchange-list...
DATE: Feb 24, 2014
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CATEGORY:
Local Business
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AUTHOR:
Jonathan Kent
