2353 results returned for search: "" category "Other" author Jonathan Kent
Bermuda insurer and reinsurer Argo Group made a net third-quarter loss of $8.8 million on hurricane and investment losses, the company announced last night.
Claims resulting from Gustav and Ike are likely to add up to $60 million, Argo said in its ea...
DATE: Nov 04, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Flagstone Reinsurance Holdings Ltd. last night reported a net loss of $186.5 million for the third quarter, as it revised its expected losses from hurricanes Gustav and Ike upwards by $30 million and announced a negative 7.2 percent return on investm...
DATE: Nov 04, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
XL Capital Ltd. and American International Group were both downgraded by stock analysts on Friday — but the two insurers received very different responses from the market.
Bermuda-based XL was downgraded from "buy" to "neutral" by Banc of America Sec...
DATE: Nov 03, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda and Germany have begun talks on a tax information exchange agreement.
A Government statement sent out last night said officials from the Finance Ministry and the Attorney General's Chambers had concluded the first round of negotiations on the...
DATE: Oct 30, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Mortgage holders received a boost yesterday when both the Bank of Bermuda and Capital G Bank announced a 0.5 percent cut in lending rates.
The banks' action followed yesterday afternoon's move by the US Federal Reserve to cut its influential Fed Fund...
DATE: Oct 30, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Axis Capital chief executive officer John Charman said yesterday than the insurance and reinsurance market faced a better market opportunity now than after the 9/11 terrorist attacks in 2001.
He said the erosion of capacity, due to widespread catastr...
DATE: Oct 29, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Ace Ltd.'s third-quarter profit was down 92 percent to $54 million, the Switzerland-based insurer reported last night.
The company, which has major operations in Bermuda, is one of a minority in the industry to be able to report a positive net income...
DATE: Oct 29, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Axis Capital Holdings Ltd. yesterday posted a net loss of $249 million for the third quarter, after taking huge hits from hurricanes Gustav and Ike.
The insurer and reinsurer said the two storms would cost it around $371 million — the largest sum dec...
DATE: Oct 28, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
A Bermuda-based insurance brokerage executive has warned the industry to brace itself for a severe bolstering of regulation in the wake of the ongoing financial crisis.
Dennis Mahoney, chairman of Aon Global, told an insurance conference in Sydney, A...
DATE: Oct 27, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda will today host one major hedge fund conference and plug itself as a leading fund domicile at another, as the industry goes through a period of dramatic transformation.
Top hedge fund managers and some of their biggest investors will converge...
DATE: Oct 27, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
