1727 results returned for search: "" category "Business" 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
Seven new luxury waterfront apartments that command monthly rents of up to $20,000 have all been leased.
The five three-bedroom units and two two-bedroom units are at Waterloo House, a high-end office and residential rental property developed by the ...
DATE: Jan 07, 2014
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
More than half of the money invested in catastrophe bonds could be wiped out by a single hurricane, according to catastrophe modelling experts AIR Worldwide.
Although such a storm is considered likely to happen only once in 10,000 years, the findings...
DATE: Jan 02, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Reinsurance rates are falling amid a glut of capital in the industry, according to reinsurance broker Guy Carpenter.
In its latest market report, Guy Carpenter said property-catastrophe reinsurance rates during January 1 renewals were down 11 percent...
DATE: Dec 31, 2013
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
The fast-growing insurance-linked securities (ILS) market is still in its early days of development and 2014 will provide some clues about its future impact on traditional reinsurers.
That is the view of Steve Evans, a leading observer of the ILS mar...
DATE: Dec 30, 2013
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Bermuda Commercial Bank is set to buy and move into the LP Gutteridge Building in Hamilton.
The purchase of the bank’s new 29,000 sq ft home was revealed today in the earnings statement of its parent company Somers Ltd.
It comes after a solid year fo...
DATE: Dec 19, 2013
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
