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Financial and business service

Reinsurance

Maiden posts record operating earnings

Bermuda insurer and reinsurer Maiden Holdings Ltd last night reported net income of $25.8 million for the second quarter — up more than 27 percent from the same period last year — and record operating earnings. Maiden’s chief executive officer Art Ra...
Aug 07, 2014
Reinsurance

Argo earnings increase by 21%

Bermuda insurer Argo Group International Holdings Ltd saw second-quarter profits increase by more than 21 percent over last year. Last night, the company announced net income of $38.6 million, or $1.45 per share, compared to $31.7 million, or $1.13 p...
Aug 05, 2014
Other

The value of life insurance

In the US, a specific month has for some time been named as Life Insurance Awareness Month. If I had my way, we would do the same thing in Bermuda. It is that important. Because of its implications, people seem averse to talking about life insurance ...
Jul 30, 2014
Reinsurance

OIL to increase per occurrence limits

Bermuda-based Oil Insurance Ltd (OIL) has decided to increase its per occurrence limit from $300 million to $400 million and the event aggregation limit from $900 million to $1.2 billion, effective January 1, 2015. Furthermore, OIL — which is a mut...
Jul 30, 2014
Reinsurance

White Mountains reports $96m profit

White Mountains Insurance Group, Ltd yesterday reported net income attributable to common shareholders of $96 million for the second quarter and $191 million for the first half of the year. The results compared favourably to $26 million and $147 mill...
Jul 30, 2014
Other

LOM name change announced

LOM (Holdings) Limited — Name Change HAMILTON, Bermuda — 30 July, 2014 — LOM (Holdings) Limited (the “Company”; Ticker: LOM.BH), has announced that at a special general meeting of the Company held today, the shareholders of the Company approved that ...
Jul 30, 2014
Reinsurance

Montpelier Re achieves strong underwriting profits

Bermuda reinsurer Montpelier Re Holdings Ltd yesterday posted second-quarter earnings figures highlighted by strong underwriting profitability. A leading provider of short-tail reinsurance and other speciality lines, Montpelier’s results included a 7...
Jul 29, 2014
Reinsurance

Blue Capital earnings hit by tornadoes

Bermuda-based Blue Capital Reinsurance Holdings Ltd made a profit of $1.2 million in the second quarter, as tornadoes and windstorms took their toll. The company, which offers collateralised reinsurance products, invests in insurance-linked securitie...
Jul 28, 2014
Personal Finance

Coming up: Five lean but volatile years

Even adjusting for extraordinarily low interest rates, global equities are expensive and finding double-digit annual real returns over the next five years is going to be tough. What’s worse, key markets, notably the US, are so overpriced that there i...
Jul 26, 2014
Personal Finance

Financial services industry is targetting you, ladies?

Is there a target on the back of my dress? Because it feels like there is a target on the back of my dress. It was painted there by the financial services industry, which has grown hyper-aware of the fact that women have a lot of money and are about ...
Jul 26, 2014
Personal Finance

Should we draw from my son’s college fund to pay down debt?

Dear Dave, My wife and I have $25,000 in credit card debt, $2,500 in medical bills and $89,000 each in student loan debt from when we each got our masters’ degrees. We make about $100,000 combined. Our son is six years old, and we have $18,000 in a ...
Jul 26, 2014
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