75920 results returned for search: "" category "Business"
XL Insurance (Bermuda) Ltd has agreed to sell its life reinsurance operation to GreyCastle Holdings Ltd for $570 million.
GreyCastle Holdings is described as “a newly-formed Bermuda company whose shareholders include large family offices and universi...
DATE: May 02, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
NEW YORK (Reuters) — Former AIG chief Maurice “Hank” Greenberg will have to defend himself against claims of accounting fraud in a non-jury trial conducted by a judge he tried to remove for alleged bias.
Justice Charles Ramos of New York state court ...
DATE: May 02, 2014
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CATEGORY:
Reinsurance
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Global re/insurer Ace Ltd beat Wall Street’s expectations as it recorded net income of $734 million for the first quarter.
Operating income was $2.27 per share, compared to the $2.12 per share consensus expectation of analysts tracked by Yahoo Financ...
DATE: May 02, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
XL Group posted net income of $255.7 million in the first three months of the year in what CEO Mike McGavick described as “one of the best quarters since the end of 2008” for the company.
The global business insurer’s operating net income of $238.6 m...
DATE: May 02, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
LONDON (Reuters) — Bermuda-based property and casualty insurer Lancashire Holdings Ltd posted a 47 percent rise in first-quarter premiums written, helped by its purchase last year of rival Cathedral Capital Ltd.
Lancashire chief executive Alex Malone...
DATE: May 02, 2014
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CATEGORY:
Reinsurance
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The Royal Gazette/Bermuda Stock Exchange Index dropped as LOM (Holdings) Limited fell 0.05 to 2.25 when 2,500 shares changed hands in a rare trade for the equity. The company this week had reported a small profit of $180,284 in 2013, as revenue rose ...
DATE: May 02, 2014
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CATEGORY:
Bermuda Stock Exchange
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The largest catastrophe bond transaction in history completed today and was admitted for listing on the Bermuda Stock Exchange (BSX).
The $1.5 billion issuance through Bermuda special purpose insurer Everglades Re Ltd, will provide reinsurance covera...
DATE: May 02, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Shares of Ascendant Group Ltd gained more than three percent in light trading on the Bermuda Stock Exchange today.
The owner of electricity provider Belco, gained 25 cents, or 3.1 percent, on the trading of 100 shares.
The only other domestic-board c...
DATE: May 02, 2014
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CATEGORY:
Bermuda Stock Exchange
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Bermuda’s top financial regulator said he has been delighted to see so many people interested in doing business on the Island at North America’s largest insurance conference of the year.
Speaking from the Risk & Insurance Management Society’s (RIMS) ...
DATE: May 01, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
The Institute of Directors (IoD) Bermuda branch will host the Finance for Non-Financial Directors course on May 15, 16, and 17.
In a statement, the organisation said: “Competent fiduciary oversight is a core responsibility of directors. The Finance...
DATE: May 01, 2014
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CATEGORY:
Other
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