77130 results returned for search: "" category "Business"
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
|
CATEGORY:
Reinsurance
|
AUTHOR:
Raymond Hainey, Assistant News Editor
Shares of Ascendant Group and Bermuda Aviation Services advanced on The Royal Gazette/BSX Index, helping to lift the index to 1,374.90, up 3.51 points (0.26 per cent).
Utilities group Ascendant saw its shares improve by 40 cents (7.4 per cent) to clo...
DATE: Feb 05, 2015
|
CATEGORY:
Bermuda Stock Exchange
|
Axis Capital Holdings Ltd recorded net income for 2014 of $771 million, compared to $684 million the year before.
The re/insurer last month announced its intention to merge with PartnerRe Ltd, with the transaction expected to close in the second half...
DATE: Feb 04, 2015
|
CATEGORY:
Reinsurance
|
AUTHOR:
Scott Neil
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
|
CATEGORY:
Local Business
|
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
|
CATEGORY:
Reinsurance
|
AUTHOR:
Raymond Hainey, Assistant News Editor
Business confidence is the key ingredient required for Bermuda to return to good economic health.
That is the view of Don Mills, chairman of Corporate Research Associates, Inc, who will tomorrow present the results of a survey on how confident Bermud...
DATE: Feb 04, 2015
|
CATEGORY:
Local Business
|
AUTHOR:
Jonathan Kent
Bermuda re/insurer Validus Holdings Ltd plans to buy back shares worth more than one fifth of the company’s current market value.
In a boost for shareholders of the Class of 2005 start-up, the company announced that its board of directors had authori...
DATE: Feb 04, 2015
|
CATEGORY:
Reinsurance
|
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
|
CATEGORY:
Reinsurance
|
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
|
CATEGORY:
Reinsurance
|
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
|
CATEGORY:
Reinsurance
|
AUTHOR:
Raymond Hainey, Assistant News Editor
