2353 results returned for search: "" category "Other" author Jonathan Kent
Insurance giant American International Group (AIG) has announced funding for environmentally friendly projects that would offset the equivalent of all the greenhouse gases the company produced in 2006.
The projects, which include reforestation, the u...
DATE: Apr 25, 2008
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
Bermuda-based Arch Capital Group Ltd. yesterday reported first-quarter earnings of $189.4 million as underwriting income fell by more than 20 percent.
Broken down, the profit amounted to $2.78 per share and was down four percent from the same three-m...
DATE: Apr 25, 2008
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
Bermuda reinsurer IPC Holdings yesterday reported net income of $86.8 million for the first quarter, up 13 percent on the same period last year.
The catastrophe coverage specialists' losses in the first three months of the year included a $14.5-milli...
DATE: Apr 25, 2008
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
Ace USA is offering coverage against political evacuation, kidnap and extortion for multinational companies with employees working in hotspots around the world.
The US subsidiary of Bermuda-headquartered Ace Ltd. said yesterday it would add the cover...
DATE: Apr 25, 2008
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
XL Capital Ltd. last night reported a first-quarter net income of $211.9 million — down 57 percent on the same three months of last year.
The global business insurer put the $337.8 million decline in profit down to a variety of factors, particularly ...
DATE: Apr 23, 2008
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
The Bermuda-based Ipoc International Growth Fund will today face charges of perverting the course of justice and furnishing false information in a British Virgin Islands (BVI) court.
Inspector Jefferson Knight, of the Royal Virgin Islands Police Forc...
DATE: Apr 23, 2008
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
Bermuda reinsurer Platinum Underwriters Holdings Ltd. yesterday reported a 44-percent rise in net income for the first quarter to $105.2 million.
Net investment income totalled $49.1 million and, although this figure was down 5.1 percent on the same ...
DATE: Apr 22, 2008
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
The balance sheets of Bermuda's insurance companies are "in the best shape in years", according to a special report by credit rating agency AM Best.
A lack of catastrophes and solid investment returns over the past two years have allowed companies to...
DATE: Apr 22, 2008
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
Bermuda-based Max Capital Group Ltd. expects its returns on alternative investments to be negative 2.11 percent, the company stated on Friday.
Alternative investments, make up around 20 percent of the insurer and reinsurer's total invested assets of ...
DATE: Apr 21, 2008
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
Bermuda insurer Ironshore's A- (excellent) financial strength rating has been affirmed by ratings agency AM Best.
The company's issuer credit rating was also affirmed at a-. The ratings apply to both Ironshore Insurance and Ironshore Reinsurance.
Bes...
DATE: Apr 18, 2008
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
