76327 results returned for search: "" category "Business"
MUNICH (Bloomberg) - Property and casualty reinsurance rates won’t increase in January when the industry renews the majority of its annual contracts with clients, the head of Allianz SE (ALV)’s reinsurance arm said.
“Rates will probably be flat to a ...
DATE: Dec 12, 2012
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CATEGORY:
Reinsurance
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Shares of Ascendant Group fell four percent ($0.48) on the Bermuda Stock Exchange (BSX) yesterday to close at $11.51.
BF&M shares were also down, losing 1.5 percent ($0.24) closing the day at $15.26. And shares of KeyTech were up 0.2 percent ($0.01) ...
DATE: Dec 12, 2012
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CATEGORY:
Bermuda Stock Exchange
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Validus Holdings says it will become a bigger and stronger company in Bermuda as a result of its acquisition of Flagstone Re, which is now officially complete.
According to a source, Bermuda-based Validus’s acquisition of Flagstone Re resulted in the...
DATE: Dec 11, 2012
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CATEGORY:
Reinsurance
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Rates for US commercial insurance business rose by six percent in the third quarter compared to the same time period last year, suggesting sustained momentum in the sector, according to the latest survey from Towers Watson.
The global professional s...
DATE: Dec 11, 2012
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CATEGORY:
Reinsurance
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Insured building values in the US now exceed $80 trillion - and $15 trillion of the exposures are in counties along the Atlantic and Gulf coasts exposed to hurricane and other coastal hazards, according to an analysis put out yesterday by Boston-base...
DATE: Dec 11, 2012
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CATEGORY:
Reinsurance
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Transatlantic Holdings Inc, a unit of Allegheny Corp, has become a minority owner of Pillar Capital Holdings, a Bermuda-based insurance asset manager focused on collateralised reinsurance and catastrophe insurance-linked securities (ILS).
TransRe joi...
DATE: Dec 11, 2012
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CATEGORY:
Reinsurance
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Butterfield Bank bought back 1,556,028 of its own common shares at an average cost of $1.233 per share.
The Bank also repurchased and cancelled 402 of the bank’s eight percent preferred shares at an average cost of $1,231.587.
The bank issued $200 m...
DATE: Dec 11, 2012
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CATEGORY:
Local Business
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Issues facing Bermuda’s insurance industry will be in focus at the Ernst & Young P&C Insurance Outlook event today.
Third Point Re CEO John Berger, Endurance Specialty Holdings CEO David Cash and retired XL CEO Brian O’Hara will take part in a panel ...
DATE: Dec 11, 2012
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CATEGORY:
Reinsurance
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PARIS (Reuters) — Proposed strict capital rules for European Union-based insurers should be made flexible enough to suit the needs of companies in each EU country, European insurance lobby groups said on Friday.
Their comments at a conference in Pari...
DATE: Dec 11, 2012
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CATEGORY:
Reinsurance
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Ace Ltd estimated yesterday that superstorm Sandy cost the global insurer about $380 million after tax and reinsurance.
Full-year operating earnings per share are now projected to be $7.43 to $7.53 after tax, the Zurich-based company said yesterday i...
DATE: Dec 11, 2012
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CATEGORY:
Reinsurance
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