75913 results returned for search: "" category "Business"
Montpelier Re Holdings posted a second-quarter loss of $23.2 million as the re/insurer faced catastrophe loss events and a completive market.
The loss compared to a profit of $65.5 million in the 2012 second quarter.
Gross insurance and reinsurance p...
DATE: Jul 26, 2013
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CATEGORY:
International Business
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New York's top financial regulator has expanded a probe into whether reinsurance companies have written policies on international trade with Iran, which could potentially violate new US sanctions.
In a letter posted to its website, the state's Depart...
DATE: Jul 26, 2013
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CATEGORY:
International Business
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Validus Holdings said last night it posted second-quarter net income of $30.7 million, compared to $167.6 million for the three months ended June 30, 2012 — a decrease of $136.9 million, or 81.7 percent.
Validus' chairman and CEO Ed Noonan stated: “I...
DATE: Jul 26, 2013
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CATEGORY:
International Business
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Gateway Systems has announced a new strategic partnership with US-based Lexicon Technologies.
Gateway and Lexicon, an information technology maintenance solutions business, jointly announced an exclusive alliance to bring a new concept in enterprise ...
DATE: Jul 26, 2013
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CATEGORY:
Local Business
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Allied World Assurance Company Holdings last night posted a second-quarter loss of $1.9 million compared to a profit of $96.4 million for the same period last year.
The reinsurer said the quarterly net loss was due to $115 million of net realised inv...
DATE: Jul 26, 2013
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CATEGORY:
Local Business
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RenaissanceRe Holdings has expanded its reinsurance operations with the launch of a US platform.
The Bermuda re/insurer said it has formed RenaissanceRe Underwriting Managers US LLC, a specialty reinsurance agency based in Connecticut, which will sup...
DATE: Jul 25, 2013
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CATEGORY:
International Business
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By Marina Mello
Montpelier Re Holdings posted a second-quarter loss of $23.2 million as the re/insurer faced catastrophe loss events and a completive market.
The loss compared to a profit of $65.5 million in the 2012 second quarter.
Gross insurance a...
DATE: Jul 25, 2013
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CATEGORY:
International Business
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GSC Ltd, one of the Island’s largest air conditioning and mechanical companies, has shut down, a victim of the economic downturn and severe construction slowdown.
The company, which has operated for 15 years, said its workers at the KEMH site are exp...
DATE: Jul 25, 2013
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CATEGORY:
Local Business
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XL Group has formed a new Bermuda company with private equity firm Stone Point Capital, which will focus on insurance-linked securities and other reinsurance products.
The re/insurer said the new Bermuda-based company will act as an investment manage...
DATE: Jul 25, 2013
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CATEGORY:
International Business
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Ace chairman and CEO Evan Greenberg said an influx of Wall Street capital into the reinsurance industry is pressuring rates and that he is prepared to cut sales of backstop coverage.
This as the re/insurer posted a record profit for the second quar...
DATE: Jul 25, 2013
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CATEGORY:
International Business
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