3096 results returned for search: "" category "International Business"
Assured Guaranty and JP Morgan Chase & Co. agreed to settle lawsuits filed by the bond insurer accusing the bank’s EMC Mortgage and Bear Stearns units of making misrepresentations about mortgage-backed securities.
Assured Guaranty Corp., a New York-b...
DATE: Aug 23, 2013
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CATEGORY:
International Business
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The insurance linked securities (ILS) market could benefit from research being conducted by Atmospheric and Environmental Research (AER). Emerging Risk.
The Bermuda Stock Exchange has 50 percent, or $7 billion, of the global ILS market listed. The ma...
DATE: Aug 22, 2013
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CATEGORY:
International Business
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Norwegian Cruise Line has purchased some 75 acres in Belize for a planned cruise ship port destination.
The land, which is called Harvest Caye, has two islands in the Stann Creek and Toledo Districts in Belize. Norwegian said it planned to invest $5...
DATE: Aug 22, 2013
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CATEGORY:
International Business
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Fairfax Financial Holdings Limited (Fairfax) announced on Monday that it will acquire American Safety Reinsurance Ltd, and then ‘promptly’ sell it on to Catalina Holdings (Bermuda) Ltd.
To accomplish this, Fairfax also entered into an agreement with ...
DATE: Aug 21, 2013
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CATEGORY:
International Business
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Germany’s Allianz and Australian group QBE bear the bulk of the insurance liability from this week’s fatal train crash in northwest Spain, Reuters reported, according to sources at the companies.
While Allianz’s Spanish subsidiary covers a compulsory...
DATE: Jul 29, 2013
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CATEGORY:
International Business
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Questions have surfaced about the future of SAC Capital’s Bermuda-based reinsurance unit, SAC Re, after billionaire investor Steven A. Cohen’s hedge fund pleaded not guilty on Friday to insider trading charges in federal court.
Ratings company, AM B...
DATE: Jul 29, 2013
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CATEGORY:
International 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 26, 2013
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CATEGORY:
International Business
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Arch Capital Group last night posted net income available to common shareholders for the second quarter of $171.5 million compared to $202.0 million for the same period in 2012.
Arch said its second quarter results included losses for catastrophic ev...
DATE: Jul 26, 2013
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CATEGORY:
International 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 26, 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 quart...
DATE: Jul 26, 2013
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CATEGORY:
International Business
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