75920 results returned for search: "" category "Business"
Bermuda-based reinsurer Everest Re Group says it will be using alternative capital increasingly as it comes close to closing its first catastrophe bonds.
That was the view expressed by Everest CEO Dominic Addesso in an earnings statement that showed ...
DATE: Apr 25, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Customers of telecommunications companies are being urged by the industry’s regulator to know more about the level of service they are entitled to expect.
The Regulatory Authority (RA), in an advertisement published in today’s The Royal Gazette, deta...
DATE: Apr 25, 2014
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CATEGORY:
Local Business
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A massive surge in third-party capital into the reinsurance market could hurt the industry’s bottom line over the next two years, experts warned yesterday.
A report on the state of the market by professional services firm Deloitte said as much as $10...
DATE: Apr 25, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Validus Holdings last night reported net income of $162.4 million for the first quarter — a fall of 27 percent from the $223.2 million recorded in the same period of 2013.
Aided by a lack of catastrophe claims, the Bermuda Class of 2005 reinsurer ach...
DATE: Apr 25, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
The Centre on Philanthropy (CoP) has named Tioné Darrell as its development and engagement officer, the organisation announced this week.
CoP executive director Elaine Williams said: “COP has spent the past year implementing a new, four-year strateg...
DATE: Apr 25, 2014
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CATEGORY:
Other
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A 200-strong delegation from Bermuda is heading to the Risk and Insurance Management Society (RIMS) 2014 Conference in Denver next week.
The group of representatives will be led by Premier Craig Cannonier, along with Minister of Economic Development ...
DATE: Apr 25, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Rebecca Zuill
Aspen Insurance Holdings CEO Chris O’Kane yesterday told analysts that his company is committed to its stand-alone plan — but conceded that there are many companies that would make potential merger partners, other than Endurance Specialty Holdings wh...
DATE: Apr 25, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
A recent court case in the United Kingdom provides a cautionary tale for lawyers regarding the need to act quickly upon the receipt of instructions from elderly or ill clients in order to avoid claims of negligence.
In Feltham v Bouskell, the testat...
DATE: Apr 24, 2014
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CATEGORY:
Other
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Allied World has reported a 79.9 percent combined ratio for the first quarter of 2014, an achievement which has pleased chief executive officer Scott Carmilani as earnings crushed analysts’ expectations.
The Switzerland-headquartered re/insurer’s und...
DATE: Apr 24, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Rebecca Zuill
Aspen Insurance Holdings Ltd’s first-quarter profit rose by nearly a third compared to the same period last year to $120.4 million, as the company trounced Wall Street’s expectations.
The Bermuda-based insurer and reinsurer, which is the subject of a...
DATE: Apr 24, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
