2353 results returned for search: "" category "Other" 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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CATEGORY:
Other
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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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CATEGORY:
Other
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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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CATEGORY:
Other
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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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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda-based reinsurer PartnerRe Ltd. today announced that chief executive officer Patrick Thiele will retire at the end of this year.
During his ten-year tenure with the company, Mr. Thiele has overseen the growth of PartnerRe into a top-five globa...
DATE: May 04, 2010
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CATEGORY:
Other
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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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CATEGORY:
Other
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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
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CATEGORY:
Other
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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
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CATEGORY:
Other
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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
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CATEGORY:
Other
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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
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
