1684 results returned for search: "" category "Business" author Jonathan Kent
Amlin is redomiciling its Bermuda unit to Switzerland as part of a move to create a new European reinsurance operation.
The insurer, whose headquarters is in London, said yesterday that the Island operation, which employs 32 people, would be operatio...
DATE: May 06, 2010
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AUTHOR:
Jonathan Kent
Bermuda-based re/insurer Lancashire Holdings Ltd. said yesterday its net loss from the sunken oil rig in the Gulf of Mexico is likely to be around $25 million.
The comment came as the company announced its first-quarter profit fell almost 80 percent,...
DATE: May 06, 2010
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AUTHOR:
Jonathan Kent
Burrows Lightbourn today launches its new WineOnline.bm website to offer a complete online sales and delivery service.
The drinks supplier's managing director, Richard Hartley, said it would enable customers to browse for wines, beers and spirits onl...
DATE: May 05, 2010
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AUTHOR:
Jonathan Kent
Bermuda-based Argo Group International Holdings Ltd.'s first-quarter net income fell 23 percent after the re/insurer suffered catastrophe losses of $29.1 million.
Of those estimated losses, which the company said amounted to about 1.8 percent of 2009...
DATE: May 05, 2010
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AUTHOR:
Jonathan Kent
PartnerRe's chief executive officer Patrick Thiele — one of Bermuda's most successful reinsurance bosses — is to retire at the end of this year, the company announced yesterday.
His successor in the top job will come from inside the company, Mr. Thie...
DATE: May 05, 2010
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AUTHOR:
Jonathan Kent
Rapidly growing Bermuda re/insurer Torus Insurance Holdigs Ltd. yesterday announced it had acquired Liechtenstein-based Glacier Insurance AG, a subsidiary of the Glacier Group.
The transaction is expected to complete in May, 2010, subject to relevant...
DATE: May 05, 2010
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AUTHOR:
Jonathan Kent
Endurance Specialty Holdings Ltd. yesterday reported a fall in first-quarter profit of more than 28 percent, after it suffered estimated losses of $65 million from catastrophes.
The Bermuda-based re/insurer posted net income of $55.8 million, or 91 c...
DATE: May 05, 2010
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AUTHOR:
Jonathan Kent
Bermuda-based insurer Flagstone Reinsurance Holdings Ltd. last night announced it had overcome estimated catastrophe losses of more than $50 million to record first-quarter net income of $31.5 million.
In the earnings statement, Flagstone chairman Ma...
DATE: May 04, 2010
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AUTHOR:
Jonathan Kent
Bermudian Ian Truran was yesterday unveiled as the new president and chief executive officer of Capital G Bank Ltd. and Capital G Trust Ltd.
The management reshuffle sees Mr. Truran replacing John Kephart, who has been appointed president and CEO of ...
DATE: May 04, 2010
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AUTHOR:
Jonathan Kent
Max Capital Group Ltd. yesterday reported an 18 percent fall in net earnings in the first quarter and a decrease in insurance sales.
The Bermuda-based re/insurer made net income of $36.4 million, or 63 cents per share, for the first quarter, compared...
DATE: May 04, 2010
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AUTHOR:
Jonathan Kent
