1685 results returned for search: "" category "Business" author Jonathan Kent
Montpelier Re Holdings Ltd. recorded net income of $159 million for the second quarter on low claims and a rise in the value of its investments.
Net income for the April through June period was $159 million, or $1.81 per share, and $211 million, or $...
DATE: Jul 29, 2009
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AUTHOR:
Jonathan Kent
Insurance rates continued to fall across most lines of business as companies competed vigorously for business according to a wide-reaching industry survey.
The Risk and Insurance Management Society (RIMS) Benchmark Survey showed the soft market conti...
DATE: Jul 29, 2009
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AUTHOR:
Jonathan Kent
Bermuda reinsurer RenaissanceRe Holdings Ltd.'s net income almost doubled year on year in the second quarter to $271.2 million, boosted by increased revenue.
The Class of 1993 reinsurer also benefited from $106 million in favourable prior years' deve...
DATE: Jul 29, 2009
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Ryan Cabral was selected from a pool of 19 applicants to receive the inaugural Montpelier Re Scholarship.
The 19-year-old Bermudian, who is entering his third year in a Bachelor of Business management Programme at Dalhousie University in Halifax, Nov...
DATE: Jul 28, 2009
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AUTHOR:
Jonathan Kent
Bigger is not necessarily better in the reinsurance market, according to Montpelier Re executive chairman Anthony Taylor.
Montpelier's name has been suggested in some wire reports as a likely merger candidate or takeover target, after two Bermuda rei...
DATE: Jul 28, 2009
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AUTHOR:
Jonathan Kent
Bermuda-based reinsurer PartnerRe posted net income of $474.3 million for the second quarter, boosted by a lack of catastrophes and an increase in the value of investments.
The company, which is set to become the world's fourth largest reinsurer by s...
DATE: Jul 28, 2009
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AUTHOR:
Jonathan Kent
Just over half of respondents in a poll of readers of the industry magazine Reactions believe that Bermuda is still the place for new insurers to go with start-up capital.
While the Island has attracted the vast majority of start-ups and their capita...
DATE: Jul 24, 2009
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AUTHOR:
Jonathan Kent
Bermuda-based XL Capital Ltd. has sold its US life reinsurance operations to a unit of the Scor Group in a cash deal worth $45.1 million.
XL announced last summer that it was exploring options for its life businesses as it sought to sharpen its focus...
DATE: Jul 23, 2009
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AUTHOR:
Jonathan Kent
Just over half of respondents in a poll of readers of the industry magazine Reactions believe that Bermuda is still the place for new insurers to go with start-up capital.
While the Island has attracted the vast majority of start-ups and their capita...
DATE: Jul 23, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda-based Kingate Management Ltd. has been given an extension until next Monday to respond to a lawsuit in which it is accused of withdrawing $255 million in "fake profit" from funds invested with fraudster Bernard Madoff.
The extension, requeste...
DATE: Jul 23, 2009
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AUTHOR:
Jonathan Kent
