2113 results returned for search: "" category "Business" author Raymond Hainey, Assistant News Editor
PartnerRe last night announced record operating earnings per share.
The news came in the firm’s earnings report for the fourth quarter, which also revealed net income of just shy of $1 billion for the year.
Operating earnings at PartnerRe — due to me...
DATE: Feb 05, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Cyber security should be top of the shopping list for retailers, a specialist group set up to beat computer crime said yesterday.
The Bermuda Cyber Threat Intelligence Group said that hacking risks were real — and could hit firms’ reputations and pro...
DATE: Feb 04, 2015
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
A total of 18 new insurance-related registrations were logged by the Bermuda Monetary Authority (BMA) last month.
Special purpose insurers were the biggest single class, with seven approvals.
Class 1 insurers accounted for three new registrations, w...
DATE: Feb 04, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
A state-backed Florida property insurance firm is set to place a new $500 million catastrophe bond in Bermuda.
Citizens Property Insurance Corporation’s chief financial officer last week sent a team, headed by chief financial officer Jennifer Montero...
DATE: Feb 04, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
The mega-merger between Axis and PartnerRe is set to go ahead without an outside bidder disrupting the deal, an industry chief said yesterday.
Validus CEO Ed Noonan — who successfully launched a hostile takeover of IPC Holdings after it had agreed a ...
DATE: Feb 04, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
RenaissanceRe Holdings Ltd’s net income dipped 36 per cent in the fourth quarter as the company grappled with pressure on pricing from abundant capital in the industry — but operating earnings surpassed analysts’ expectations.
The company posted net ...
DATE: Feb 04, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
A string of companies with Bermuda bases, together with the Association of Bermuda Insurers and Reinsurers (ABIR), have attacked president Barack Obama’s budget proposal to deny tax deductions for reinsurance premiums paid to foreign affiliates.
Now ...
DATE: Feb 03, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
A bid to use the America’s Cup to turn Bermuda into a long-term mecca for sailors has been launched by two Island businessmen.
They have a plan to boost sailing in Island’s waters, especially in the winter, under the banner of Sail Bermuda.
Ben Fairn...
DATE: Feb 02, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
A $250 million payoff is on the table if the proposed $11 billion merger between Axis and PartnerRe fails to go ahead.
Each firm will be liable to pay a break fee to the other if the deal — which would create the fifth-biggest reinsurance company in ...
DATE: Feb 02, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
A Bermuda legal firm has been named in documents that contain allegations Russian oil tycoons are funding anti-fracking campaigns in the US.
Wakefield Quin, based in Hamilton’s Victoria Street, is the home of Bermuda-based Klein Ltd which paid millio...
DATE: Jan 30, 2015
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
