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PartnerRe last night reported a net loss of $103.1 million as a fall in the value of its investments took its toll.
The Bermuda reinsurer said operating earnings were $112.5 million, or $2.35 per share, but these were offset by realised and unrealise...
DATE: Jul 28, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Bermuda-based White Mountains Insurance Group has struck a $2.23 billion deal to sell its Sirius reinsurance arm to a Chinese investment firm.
Sirius, based in Stockholm, Sweden, has offices in several countries, including Bermuda.
The deal will see ...
DATE: Jul 28, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda-based Blue Capital Reinsurance Holdings posted a $5.5 million profit in the second quarter.
The figure broke down to 63 cents per share. The firm ended June with a book value per share of $20.59 — a 3 per cent increase for the quarter and a 6...
DATE: Jul 28, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Transitions. In our businesses and in our lives we are faced with many transitions. How we handle these and use them to learn new lessons, acquire new skills, and use the resources around us is directly related to the outcome of the process.
Changin...
DATE: Jul 28, 2015
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CATEGORY:
Bermuda Works
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Bermuda reinsurer Validus Re has hired former Arch Re chief underwriting officer Jim Franson in a lead role in the company’s US operations.
Mr Franson will take the newly created position of president of Validus Americas, the US-based managing genera...
DATE: Jul 28, 2015
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CATEGORY:
Reinsurance
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CAREER COACH by Joyce Russell
Richard Branson, founder of Virgin Group, once said: “Surround yourself with people who complement your weaknesses and share your passions — success will follow.” He went on to say, “Finding the spotlight isn’t about sta...
DATE: Jul 28, 2015
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CATEGORY:
Bermuda Works
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There were no trades on The Royal Gazette/BSX Index, with the index closing unchanged at 1,242.96.
The BSX Insurance Index was down 1.84 points (0.11 per cent) at 1,625.50.
DATE: Jul 28, 2015
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CATEGORY:
Bermuda Stock Exchange
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Ciara Rego, who graduated from Mount Saint Agnes Academy last year, has been awarded the KPMG 2015 Scholarship.
She will receive $20,000 during each of her final three years of university study.
Ms Rego is enrolled on a bachelor’s degree in accountin...
DATE: Jul 28, 2015
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CATEGORY:
Other
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Butterfield Bank executive Michael Collins is to become the new chief executive officer, the bank announced today.
Mr Collins, at present senior executive vice-president, will replace Brendan McDonagh, who has been CEO for three years, in the role.
B...
DATE: Jul 28, 2015
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Market conditions, regulation and cyber risk are seen as the top three risks for Bermuda insurers and reinsurers, according to a new survey.
The fifth survey by the Centre for the Study of Financial Innovation (CSFI) indicates how high a concern they...
DATE: Jul 27, 2015
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CATEGORY:
Reinsurance
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