Log In

Reset Password
DIGITAL EDITION VIDEOS PHOTOS PODCAST RSS

Insurance

Reinsurance

Qatar Insurance Co expands Bermuda presence

A major player in the insurance industry in oil-rich Qatar has bought up a Bermuda-based reinsurer. Qatar Insurance Company (QIC) has taken over Antares, owned by Lightyear Capital and headed by Stephen Redmond, which has a presence on the Island and...
Feb 14, 2014
Reinsurance

Argo profits surge on lower catastrophe losses

Argo Group earned net income of $143.2 million for last year compared to $52.3 million recorded for 2012. Gross written premiums for the year totalled $1.9 billion — 8.2 percent up on the $142.7 million the year before. Estimated pre-tax catastrophe ...
Feb 12, 2014
Reinsurance

Hamilton Insurance hires former Validus executive Ward

Bermuda insurance group Hamilton has hired a graduate of the US military training school West Point to lead its battle for business in America. Conan Ward, who worked in Bermuda for several years, moves to recently-founded Hamilton from his own consu...
Feb 12, 2014
Reinsurance

ILS Bermuda to stage second annual conference

The second Bermuda insurance-linked securities (ILS) conference will be held from November 12-13, organisers have announced. Arthur Wightman, insurance leader at financial services firm PwC and an ILS Bermuda committee member, said: “The year 2013 re...
Feb 11, 2014
Reinsurance

Tower Group boss Lee resigns

NEW YORK (AP) — Tower Group International chairman, president and CEO Michael Lee has resigned to pursue personal and other career opportunities. The Bermuda-based insurance and reinsurance holding company named board member Jan Van Gorder as chairma...
Feb 10, 2014
Reinsurance

Aspen posts improved results

Bermuda re/insurer Aspen Insurance Holdings Ltd reported net income after tax of $90.0 million, or $1.21 diluted net income per share, for the fourth quarter of 2013. Aspen, whose reinsurance business consists of property catastrophe reinsurance, oth...
Feb 07, 2014
Reinsurance

Slump in traditional markets a major concern for re/insurance CEOs

Nearly three-quarters of reinsurance and insurance chiefs are worried about the prospects of a slump in business in traditional markets, research from financial services firm PwC has revealed. The PwC survey found that almost half of those surveyed s...
Feb 07, 2014
Reinsurance

Blue Capital ‘encouraged by market reception’

A new reinsurance firm lost $700,000 in its first months of operations, its figures to the end of 2013 revealed yesterday. Blue Capital Re’s shares at the start of this year stood at $19.80 — a drop of 20 cents on its price at its initial public offe...
Feb 07, 2014
Reinsurance

Montpelier reports $210.9m profit for 2013

Reinsurer Montpelier Re yesterday reported profit of $210.9 million for 2013. And the firm recorded year-end total capital of more than $2 billion and total shareholders’ equity in excess of $1.6 billion. President and CEO Christopher Harris said: “T...
Feb 07, 2014
Reinsurance

Everest Re posts record $1.3b profit

Bosses at Everest Re are on top of the world after posting record earnings of $1.3 billion for last year. The firm notched also notched up a 20 percent return on equity and a 12 percent increase in the book value of its shares for the year. Everest R...
Feb 06, 2014
Reinsurance

New reinsurer Swan Re opens its doors in Bermuda

A new reinsurer has launched operations in Bermuda. Swan Re, owned by Swan Group Holdings, has set up shop in the Island — with the aim of offering high returns based on a low risk strategy. And Swan Group said that shares are now being offered to in...
Feb 06, 2014
Available for
iPhones and iPads
Available in
Google Play
Use of this website signifies your agreement to the Terms of Service and Privacy Notice
© Copyright 2024 royalgazette.com. All rights reserved.