2113 results returned for search: "" category "Business" author Raymond Hainey, Assistant News Editor
Reinsurance firm Third Point Re saw its profits almost halved in the second quarter of the year compared to the previous year.
The company posted profits of $15.7 million for the three months to the end of June — in the same period of 2014, profits a...
DATE: Aug 06, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Financial services company LOM is to buy back up to 200,000 of its own shares for cancellation.
LOM Financial Ltd’s board has authorised the buy-back scheme, which represents around 3.3 per cent of the overall listed securities of the company.
The fi...
DATE: Aug 06, 2015
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda’s international insurance sector pumped more that $900 million into the Island’s economy last year.
The $901.5 million figure was up $14.8 million on 2013.
The figures came in the annual economic survey by the Association of Bermuda Insurers ...
DATE: Aug 06, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Two ratings agencies have downgraded reinsurance firm PartnerRe after Italian investment giant Exor won control of the company.
Standard & Poor (S&P) changed its outlook on PartnerRe from stable to negative after Monday’s $6.9 billion takeover, which...
DATE: Aug 05, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Insurance and reinsurance firm Argo Group yesterday reported $27.9 million in profits for the second quarter of the year.
The net income was nearly 28 per cent down on the $38.6 million recorded for the same quarter last year.
The latest figure is eq...
DATE: Aug 05, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda CableVision chief Terry Roberson has left the firm.
The move comes only weeks after the cable TV company joined forces with internet provider Logic under the KeyTech banner.
Now KeyTech CEO Lloyd Fray has taken over as acting CEO of Logic.
A ...
DATE: Aug 05, 2015
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda insurance firm Arch will not make a bid for rival Axis after it failed in a merger bid with PartnerRe, according to a report out of the UK.
London-based trade publication The Insurance Insider suggested that Arch, which has been linked to Axi...
DATE: Aug 05, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda is on track to qualify under new EU rules governing third country rights for Island-based alternative fund managers.
The Island is due to amend the Investment Business Act to make it eligible for a Euro “passport” under the European alternati...
DATE: Aug 05, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Insurance and reinsurance firm Endurance yesterday posted a $1 million rise in profits for the second quarter of the year.
The firm recorded net income of $76 million, equal to $1.68 per common share, compared to profits of $75 million in the same pe...
DATE: Aug 04, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Insurance firm XL Catlin yesterday revealed operating earnings of nearly $246 million for the second quarter of the year.
The results are the first since XL and Catlin combined under the XL Group banner.
The $245.8 million operating profit reported f...
DATE: Aug 04, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
