2353 results returned for search: "" category "Other" author Jonathan Kent
The wave of multi-billion dollar mergers that some had predicted for the Bermuda insurance market has not materialised, but the Island's companies have been adding to their size in other ways.
That was the conclusion of a session on mergers and acqui...
DATE: Nov 16, 2009
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AUTHOR:
Jonathan Kent
Bermuda currently has more advanced insurance regulation than the US or the European Union (EU), an industry conference heard on Friday.
Bradley Kading, president of the Association of Bermuda Insurers and Reinsurers (ABIR), said at the Standard & Po...
DATE: Nov 16, 2009
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AUTHOR:
Jonathan Kent
The profit margins of Bermuda's insurers and reinsurers will come under increasing pressure next year as rates fall after a lack of major catastrophes this year, according to credit rating agency Moody's Investors Service.
In its annual report on the...
DATE: Nov 13, 2009
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AUTHOR:
Jonathan Kent
Bermuda-based Maiden Holdings Ltd. has announced an agreement with American Capital Acquisition Corporation (ACAC) that is expected to generate more than $200 million a year in extra revenue for the reinsurer.
The deal was announced as Maiden reveale...
DATE: Nov 12, 2009
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AUTHOR:
Jonathan Kent
Bermuda-based insurer Max Capital Group Ltd. swung to profit in the third quarter, as it reaped the benefits of an expanding underwriting platform and a lack of hurricanes.
Net income for the July through September period was $95.3 million, or $1.64 ...
DATE: Nov 05, 2009
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AUTHOR:
Jonathan Kent
British Airways cabin crew with the Unite union are being balloted on strike action that could take place over the Christmas holiday period.
The union said on Monday it will announce the results of the planned ballot in mid-December.
A Bermuda-based ...
DATE: Nov 04, 2009
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AUTHOR:
Jonathan Kent
Bermuda reinsurer Montpelier Re Holdings Ltd. posted third-quarter net income of $148 million on strong underwriting results and gains in the value of investments.
The result was a spectacular rebound from last year, when the reinsurer made a loss of...
DATE: Nov 04, 2009
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AUTHOR:
Jonathan Kent
Bermuda insurer Axis Capital Holdings Ltd. last night reported a net loss of nearly $100 million, driven by permanent impairment of some investment assets and a fall in the value of an insurance contract tied to mortality rates.
The net loss broke do...
DATE: Nov 03, 2009
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AUTHOR:
Jonathan Kent
Bermuda is the seventh most secretive financial jurisdiction in the world, according to the Tax Justice Network.
The survey of laws, practices and size of inflows of 60 jurisdictions gave Bermuda an "opacity index" of 92 out of 100.
What might be sur...
DATE: Nov 03, 2009
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Other
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AUTHOR:
Jonathan Kent
Bermuda-based White Mountains Insurance Group Ltd. swung to profit and increased its book value by seven percent in the third quarter, despite falling premium revenues.
The group, which includes insurance operations OneBeacon and Esurance, as well as...
DATE: Nov 02, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
