77145 results returned for search: "" category "Business"
A subsidiary of Bermuda-based Enstar Group Ltd has completed its acquisition of US insurer Seabright, the two companies announced yesterday.
Enstar, which acquires and manages re/insurance companies and portfolios in run-off, paid approximately $252 ...
DATE: Feb 08, 2013
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CATEGORY:
Reinsurance
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Bermuda-based PartnerRe swung to profit in the fourth quarter, reporting a net income of $111.5 million, handily beating Wall Street estimates.
Despite Sandy and US crop losses, the company’s fourth-quarter profit of $1.55 per share far exceeded anal...
DATE: Feb 07, 2013
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CATEGORY:
Reinsurance
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BF&M shares were down slightly in trading yesterday on the Bermuda Stock Exchange. Shares fell $0.05 (0.3 percent) to close at $16.00 with 500 shares trading.
Shares of Bank of Butterfield also traded with 8,279 shares changing hands. The stock clos...
DATE: Feb 07, 2013
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CATEGORY:
Bermuda Stock Exchange
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If there is one thing that Bermuda has over the Cayman Islands, it’s a very large yacht.
In fact, it’s the largest privately owned yacht in the world — the 533-foot Eclipse owned by Russian billionaire Roman Abramovich — now docked in Hamilton, which...
DATE: Feb 07, 2013
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CATEGORY:
International Business
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Allied World Assurance Company Holdings, AG has appointed Julian James as president of its European platform effective March 4, 2013, pending certain regulatory approvals.
He will be based in Allied World’s London office. Frank D’Orazio, Allied World...
DATE: Feb 07, 2013
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CATEGORY:
Reinsurance
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The freedom to accept or refuse medical treatment is easy when you are well and able to communicate your wishes personally. However, during a severe illness, you may not be able to communicate your directions for medical treatment at the very time wh...
DATE: Feb 07, 2013
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CATEGORY:
Other
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Bermuda-based insurer Ironshore announced that it has accepted an invitation to join the Council for Insuring Private Clients (CIPC) as a corporate member.
CIPC, founded by MarketScout in cooperation with Ace, AIG and Fireman’s Fund, focuses on best...
DATE: Feb 07, 2013
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CATEGORY:
Reinsurance
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Bermuda reinsurer RenaissanceRe Holdings Ltd last night reported net income of $41.7 million for the fourth quarter — more than $40 million less than the $81.8 million the company reported for the same period of 2011.
For the year 2012 overall howev...
DATE: Feb 07, 2013
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CATEGORY:
Reinsurance
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Everest Re Group saw its fourth-quarter profit jump 43 percent to $58.8 million compared to $41 million in the 2011 quarter — despite Hurricane Sandy and record crop losses.
For the whole of 2012, Everest reported net income of $829 million, or $15.7...
DATE: Feb 07, 2013
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CATEGORY:
Reinsurance
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Bermuda re/insurer Argo Group International Holdings Ltd made a loss of nearly $5 million in the fourth quarter, owing to claims related to Hurricane Sandy.
The company said last night that all of its estimated pre-tax catastrophe losses of $47.9 mil...
DATE: Feb 07, 2013
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CATEGORY:
Reinsurance
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