1648 results returned for search: "" category "Business" author Scott Neil
XL Capital's second-quarter profits jumped $177 million year-on-year to $544.5m, with the impact of flooding in England during June and in Australia presenting relatively low pre-tax net losses of around $30m.
There was also a $81.3m fillip from the ...
DATE: Jul 25, 2007
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Scott Neil
Everest Re's improved second-quarter profits of $282.9m came despite the company suffering catastrophe losses of $70.4m, with the bulk resulting from flooding in England and Australia.
The company is expecting to pay out $25m in relation to floods th...
DATE: Jul 25, 2007
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Bermuda's insurance and reinsurance giant Ace Ltd. has recorded a 13 percent rise in its second quarter profits to $649 million, despite suffering catastrophe losses of $88m as a result of floods in the UK, US and Australia.
The catastrophe losses ar...
DATE: Jul 25, 2007
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AUTHOR:
Scott Neil
Profits fell almost $7 million at Montpelier Re during the second quarter of the year to $50.7m, with gross written premiums down $108m year-on-year.
The company did however improve its combined ratio from 72.9 to 70 percent.
A massive $65m was spent...
DATE: Jul 25, 2007
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AUTHOR:
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Ariel Re is the latest Bermuda reinsurer to jump into the Lloyd's of London market, announcing it has reached an agreement to buy Atrium Underwriting for $396 million ($193.2m).
Don Kramer, president and CEO of the "Class of 2005" start-up, is adaman...
DATE: Jul 24, 2007
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AUTHOR:
Scott Neil
PartnerRe bounced back from a tough first quarter, where it suffered losses as a result of the windstorm Kyrill in Europe, to record a year-on-year 35 percent increase in profits for the second quarter totalling $105.02 million.
The second three mont...
DATE: Jul 24, 2007
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AUTHOR:
Scott Neil
Being able to buy a ready-to-eat cheeseburger, or tuck into favourite Bermuda comfort food like macaroni and cheese or a fish sandwich, has been near impossible for the residents of Hamilton Parish — until now.
Colleen Bean has been well aware of the...
DATE: Jul 24, 2007
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AUTHOR:
Scott Neil
Texas-based Southwest Business Corporation is reported to have set up a new reinsurance company in Bermuda called SWBC Re.
And the company chairman said Bermuda was picked as the location for the new business because of its repute within the reinsura...
DATE: Jul 23, 2007
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AUTHOR:
Scott Neil
Eight of Bermuda's brightest students who plan to make careers in the insurance industry have been presented with scholarships totalling $428,000 from the Bermuda Foundation For Insurance Studies (BFIS).
The scholarship amounts range from $30,000 a y...
DATE: Jul 23, 2007
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AUTHOR:
Scott Neil
Bermuda's leading role in providing reinsurance cover to the US has been underlined by the latest report from the Reinsurance Association of America.
The RAA reports the US ceded $54.7 billion in premiums to offshore reinsurers in 2006 and ceded reco...
DATE: Jul 20, 2007
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AUTHOR:
Scott Neil
