2353 results returned for search: "" category "Other" author Jonathan Kent
XL Capital Ltd. said last night its second-quarter profit plunged 57 percent on catastrophe claims and costs related to its bond insurer affiliate Security Capital Assurance (SCA).
Second-quarter net income was $237.9 million, or $1.34 a share, compa...
DATE: Jul 29, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda-based XL Capital Ltd last night revealed the price it will pay for extricating itself from its ill-fated foray into the financial guaranty business — a cool $1.9 billion.
Some of XL's employees, meanwhile, will pay with their jobs, as the com...
DATE: Jul 29, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda-based commercial insurer XL Capital Ltd. will announce its second-quarter results today after the US stock markets close, the company announced yesterday afternoon.
XL executives will also make themselves available to discuss those results wi...
DATE: Jul 28, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
IPC Holdings Ltd. last night reported a 70-percent increase in net income in the second quarter despite $13.8 million in losses related to US floods and tornadoes.
The Bermuda-based reinsurerrecorded a profit of $47.5 million, or 78 cents per share, ...
DATE: Jul 25, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda's insurance leaders are more concerned about cycle management and underwriting discipline than any other single issue, a survey released today by PricewaterhouseCoopers (PWC) has shown.
Chief executive officers polled for the accountancy firm...
DATE: Jul 24, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda insurance companies need to be making strategic plans that may involve restructuring in order to ensure that imminent sweeping changes to European Union regulation of the industry do not put them at a competitive disadvantage.
But the opportu...
DATE: Jul 23, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda reinsurer Montpelier Re Holdings Ltd.'s second-quarter net income fell 13 percent to $44.1 million, or 51 cents per share, the company announced yesterday.
But Montpelier's operating income climbed to $63.3 million, or 73 cents per share, com...
DATE: Jul 23, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda-based money manager WP Stewart & Co. Ltd. lost a quarter of its assets under management during the three-month period from April to June.
The company said assets under management (AUM) at June 30 this year totalled $2.1 billion, compared to $...
DATE: Jul 21, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Ace Ltd. is now a Swiss company, the insurance giant confirmed on Friday.
Shareholders approved the company's plans to redomesticate its holding company from the Cayman Islands to Switzerland in Ace Ltd.'s annual general meeting that concluded in Ham...
DATE: Jul 21, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Finance Minister Paula Cox has cut her 2008 growth forecast for the Bermuda economy against a backdrop of rising inflation, falling visitor spending and a global economic slowdown.
The Finance Ministry now predicts real GDP (Gross Domestic Product) g...
DATE: Jul 21, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
