1727 results returned for search: "" category "Business" author Jonathan Kent
Flagstone Reinsurance Holdings Ltd.'s operating income more than doubled last year, as the company benefited from selling more reinsurance and a quiet hurricane season.
The Bermuda-based reinsurer posted full-year net income of $242.2 million, or $2....
DATE: Feb 17, 2010
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AUTHOR:
Jonathan Kent
Arch Capital Group Ltd.'s book value soared 42 percent last year as the company's full-year profit rose more than threefold.
The Bermuda-based re/insurer last night reported fourth-quarter net income of $284.7 million, or $4.75 per share, compared to...
DATE: Feb 17, 2010
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AUTHOR:
Jonathan Kent
Shares of RenaissanceRe Holdings Ltd. rose more than four percent yesterday after the company's shares were upgraded from "hold" to "buy" by Deutsche Bank.
In New York Stock Exchange composite trading yesterday, the Bermuda reinsurer's share price ro...
DATE: Feb 17, 2010
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Jonathan Kent
The total assets of Bermuda's insurance industry grew seven percent in 2008 — even after global financial markets crashed — figures released yesterday showed.
Financial regulator the Bermuda Monetary Authority (BMA) said yesterday the combined assets...
DATE: Feb 16, 2010
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PartnerRe Ltd. yesterday announced changes in its operating structure following its expansion through the acquisition of Paris Re.
And the Bermuda-based reinsurer also announced that Paris Re chief executive officer Hans-Peter Gerhardt — along with f...
DATE: Feb 12, 2010
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AUTHOR:
Jonathan Kent
Bermuda reinsurer PartnerRe last night announced a 2009 profit of $1.5 billion in what chief executive officer Patrick Thiele called an "exceptional" year.
The full-year profit broke down to $23.51 per share and compared with net income of $46.6 mill...
DATE: Feb 11, 2010
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AUTHOR:
Jonathan Kent
Bermuda-based insurer XL Capital Ltd. has moved past recovery mode and now it's striving to be the best in its field.
That is the clarion call from the company's chief executive officer Mike McGavick, who told The Royal Gazette yesterday that XL had ...
DATE: Feb 11, 2010
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The boss of the largest Bermuda-based insurance company remains hopeful that US lawmakers will not back President Barack Obama's proposed changes to the tax code that would raise the amount of US tax paid by some of the Island's insurers.
Mike McGavi...
DATE: Feb 11, 2010
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Bermuda-based business insurer XL Capital Ltd. posted a net loss of $40.3 million in the fourth quarter of 2009 as investment losses outweighed an underwriting profit.
The results released last night mean that XL achieved net income of $206.6 million...
DATE: Feb 10, 2010
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AUTHOR:
Jonathan Kent
Aspen Insurance Holdings Ltd. achieved a more than fivefold increase in profit for the fourth quarter, as claims fell and investment income climbed.
The Bermuda-based re/insurer said net income for the quarter after tax was $126.3 million, compared t...
DATE: Feb 10, 2010
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AUTHOR:
Jonathan Kent
