Log In

Reset Password
DIGITAL EDITION VIDEOS PHOTOS PODCAST RSS

Insurance

Reinsurance

"Assured shares climb 24% on BofA settlement"

Bermuda-based bond insurer Assured Guaranty Ltd saw its shares rocket more than 24 percent on Friday after it secured a $1.1 billion payout from Bank of America to settle a claim over faulty mortgages. The deal ends drawn-out negotiations that starte...
Apr 18, 2011
Other

"Axis, RenRe estimate combined Japan losses of $500m"

Axis Capital Holdings Ltd today estimated a $285 million loss from the Japanese earthquake and tsunami that struck last month, while RenaissanceRe Holdings Ltd expects to take a hit of approximately $220 million and Argo Group International Holdings ...
Apr 18, 2011
Reinsurance

"Assured Guaranty shares surge 24% after $1.1b deal"

Shares of Bermuda-based bond insurer Assured Guaranty Ltd jumped more than 29 percent in morning trading yesterday after the company said Bank of America will pay $1.1 billion to settle the Assured's demands that the lender buy back faulty mortgages....
Apr 16, 2011
Reinsurance

"Q1 cat losses set to top $5b for Bermuda market"

Major commercial re/insurers in the Bermuda market have already declared catastrophe losses of up to $4.6 billion for the first quarter of 2011. And with hundreds of millions of dollars more in losses related to last month’s Japan earthquake and tsun...
Apr 15, 2011
Other

"PartnerRe estimates $500m loss from Japan quake"

PartnerRe Ltd has announced loss estimates of approximately $500 million from the earthquake and tsunami that struck Japan last month the biggest loss posted by any Bermuda-based insurer so far for the event. The net loss for the event, which will be...
Apr 13, 2011
Other

"Alterra estimates Japan loss of up to $100m"

Bermuda re/insurer Alterra Capital Holdings Ltd expects losses of up to $100 million from last month’s Japanese earthquake and tsunami. The company said in a statement today that its preliminary loss estimate of between $60 million and $100 million, ...
Apr 13, 2011
Other

"Allied World reaches for the sky with new Lloyd’s syndicate"

More than 300 people turned out at a London celebration of the official launch of Allied World Assurance Company Holdings Ltd’s new Lloyd’s syndicate 2232 - a number that carries a significant Bermuda connection. It is more than a coincidence that 22...
Apr 12, 2011
Reinsurance

"California in focus as string of giant quakes raises concern"

NEW YORK/LONDON (Reuters) - Michael Korn is a popular person these days, which is perhaps not too surprising considering what he does for a living and where he lives. Korn is an insurance broker in earthquake-prone San Francisco. “We’re pretty busy,”...
Apr 11, 2011
Reinsurance

"Best assigns A- rating to Ironshore Europe"

Ironshore Europe Ltd has been assigned a financial strength rating of A- (excellent) and an issuer credit rating of “a-”. The outlook assigned to both ratings is stable. The newly-created strategic affiliate of Ironshore Insurance Ltd (Ironshore) tha...
Apr 11, 2011
Reinsurance

"Ace expects to add 10,000 agents in China"

HONG KONG (Bloomberg) Ace Ltd, the Swiss insurer operating in more than 50 countries, is aiming to increase the number of agents at its venture in China to 30,000 by the end of the year from 20,000 now, said Saloon Tham, Asia-Pacific president. Acqui...
Apr 11, 2011
Reinsurance

"CatCo seeks more capital to take advantage of rising rates"

Bermuda-run CatCo Reinsurance Opportunities Fund Ltd believes it has sustained no losses through its reinsurance contracts from this year’s earthquakes in New Zealand and Japan that may have cost the industry more than $40 billion in claims. The com...
Apr 11, 2011
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.