1727 results returned for search: "" category "Business" 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
|
CATEGORY:
Other
|
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
|
CATEGORY:
Other
|
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
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
Reinsurer Validus Holdings has estimated that its losses related to the sunken oil rig in the Gulf of Mexico will be between $38 million and $45 million.
Validus, which said on Friday that its estimate was based on an industry loss of around $1.3 bil...
DATE: May 03, 2010
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
Shareholders have approved XL Capital Ltd.'s plan to redomesticate to Ireland and to change its name to "XL Group".
The Bermuda-based global re/insurer announced the news late on Friday after a special shareholder meeting and added that it hoped to r...
DATE: May 03, 2010
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
The new owners of Bermuda Commercial Bank Ltd. yesterday announced an agreement to buy First Bermuda Group Ltd.
Permanent Investments Ltd. (PIL), which acquired a 54 percent controlling interest in BCB earlier this month, announced the deal yesterday...
DATE: Apr 30, 2010
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
Bermuda-based broker and investment firm LOM (Holdings) Ltd. announced yesterday that it made a loss of almost $440,000 in 2009 after a recovery in the second half of the year.
In a letter to shareholders, LOM chief executive officer Scott Lines said...
DATE: Apr 30, 2010
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
The Bermuda-based private-equity services operations of Schroders have been acquired by the global custody and fund services arm of US banking giant JP Morgan.
Around 50 people work at Schroders' Bermuda office, based in Schroders House, on Front Str...
DATE: Apr 30, 2010
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
Shareholders of Max Capital Group Ltd. and Harbor Point Ltd. have "overwhelmingly" approved the merger of the two Bermuda re/insurers.
Pending regulatory approvals, the two companies expect to complete their amalgamation before the end of June.
The c...
DATE: Apr 30, 2010
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
Bermuda is battling for captive insurance company business at the RIMS annual conference in Boston — and the technical expertise of the Island's insurance regulators is one of their main weapons.
Several of the inquiries coming in at the Bermuda boot...
DATE: Apr 28, 2010
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
