49296 results returned for search: "" category ("Other" AND "Business")
Aelous Re has become Bermuda’s latest post-Hurricane Katrina start-up with a capital base exceeding $1 billion, the company announced yesterday.
Demand for extra capacity in the property catastrophe market and high reinsurance rates in hurricane-pron...
DATE: Jan 05, 2007
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Other
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AUTHOR:
Jonathan Kent
NEW YORK (AP) — Wall Street struggled but ultimately closed higher yesterday as a bounce in technology stocks and sharply lower oil prices helped investors brush off concerns about sluggish consumer spending.Retailers’ lacklustre holiday sales report...
DATE: Jan 04, 2007
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The co-founder of Bermuda giants Ace Ltd. and XL Capital has set up another Island-domiciled insurance company backed by more than $1 billion in capital.
The latest project of insurance legend Robert Clements is Ironshore Insurance Ltd., a subsidiary...
DATE: Jan 04, 2007
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
ACE Tempest Life Re's Rodney Cordle is leaving Bermuda after eight years on the Island to take up a new post with the company, based in Stamford, Connecticut.
Mr. Cordle has been appointed ACE Tempest Life Re's vice-president and chief pricing office...
DATE: Jan 04, 2007
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NEW YORK (Bloomberg) — Bermuda-based Nabors Industries Ltd., the world’s largest onshore oil and natural-gas driller, said fourth-quarter profit was less than analysts expected because of a decline in drilling for natural gas in the continental US an...
DATE: Jan 04, 2007
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New Bermuda-based company Paris Re has entered into a quota-share reinsurance agreement with Triomphe Re Ltd.
Under the terms of the deal, Paris Re, which was incorporated on November 7 last year, will cede 24 percent of its property catastrophe exce...
DATE: Jan 04, 2007
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CATEGORY:
Other
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The co-founder of Bermuda giants Ace Ltd. and XL Capital has set up another Island-domiciled insurance company backed by more than $1 billion in capital.
The latest project of insurance legend Robert Clements is Ironshore Insurance Ltd., a subsidiary...
DATE: Jan 04, 2007
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda-based Castlewood Holdings has bought reinsurance writer Inter-Ocean Holdings Ltd. in a deal worth $57 million.
Inter-Ocean owns two reinsurers, one based in Bermuda the other in Ireland, both of which are in run-off.
Castlewood, which special...
DATE: Jan 04, 2007
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Other
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NEW YORK (Bloomberg) ? Bermuda-based Nabors Industries Ltd., the world?s largest onshore oil and natural-gas driller, said fourth-quarter profit was less than analysts expected because of a decline in drilling for natural gas in the continental US an...
DATE: Jan 04, 2007
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CATEGORY:
Other
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The British invasion into the Bermuda reinsurance market goes on.
Lloyd?s of London reinsurer Advent Capital Holdings announced yesterday that the Bermuda Monetary Authority had issued a class 3 reinsurer licence to its Bermuda-based subsidiary Adven...
DATE: Jan 04, 2007
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CATEGORY:
Other
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