RSSCategory: Business

Arch Capital 2015 Q2 Net Income: $110.3 Million

Arch Capital 2015 Q2 Net Income: $110.3 Million

Bermuda-based Arch Capital Group Ltd. reports that net income available to Arch common shareholders for the 2015 second quarter was $110.3 million, or $0.88 per share, compared to $202.5 million, or $1.48 per share, for the 2014 second quarter. “The Company also reported after-tax operating income available to Arch common shareholders of $146.0... Read more of this article

Endurance Completes Montpelier Acquisition

Endurance Completes Montpelier Acquisition

Endurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has completed its acquisition of Montpelier Re Holdings Ltd. The acquisition was originally announced on March 31, 2015. John R. Charman, Chairman and Chief Executive Officer of Endurance, commented, “Endurance’s strategic... Read more of this article

RenRe Reports 2015 Q2 Net Income Of $73.2M

RenRe Reports 2015 Q2 Net Income Of $73.2M

Bermuda-based RenaissanceRe Holdings Ltd. reported net income available to RenaissanceRe common shareholders of $73.2 million, or $1.59 per diluted common share, in the second quarter of 2015, compared to $120.8 million, or $2.95, respectively, in the second quarter of 2014. Operating income available to RenaissanceRe common shareholders was $99.9... Read more of this article

Endurance Receives All Acquisition Approvals

Endurance Receives All Acquisition Approvals

Endurance Specialty Holdings Ltd. a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced today that it has received all regulatory approvals required in connection with its previously announced acquisition of Montpelier Re Holdings Ltd. The transaction is scheduled to be completed after the close of trading... Read more of this article

Bermuda Stock Exchange Report: July 29 2015

Bermuda Stock Exchange Report: July 29 2015

Today [July 29] saw the close of the BSX’s week finish with 2,100 shares traded on the day, valued at $17,682.00 BD. 1,200 shares were traded by Bank of N.T. Butterfield Ltd, closing up 0.6% at $1.76 per share, while the other 900 shares were traded by BF&M Ltd, closing at an even $17.30 per share. The BSX finished the week at 1,247.44, up... Read more of this article

KeyTech: Comprehensive Loss Of $1.9 Million

KeyTech: Comprehensive Loss Of $1.9 Million

The KeyTech Group of Companies today [July 29] announces a total comprehensive loss from continuing operations of $1.9 million for the year ending March 31, 2015, compared with $1.7 million in the previous year. Net loss for the year from continuing operations was $15.9 million versus $2.1 million in the prior year. A loss of $18.6 million was attributed... Read more of this article

Bacardi Limited Promotes Fabio Di Giammarco

Bacardi Limited Promotes Fabio Di Giammarco

Bacardi today [July 29] announces the immediate promotion of Fabio Di Giammarco,42, to Global Vice President for Bacardí rum. He will be based in the Bacardi global headquarters in Hamilton, Bermuda, pending Bermuda Department of Immigration approval. In this role, Mr. Di Giammarco is responsible for the Bacardí rum brand marketing efforts globally,... Read more of this article

Photos: Streetwise Programme Class Graduation

Photos: Streetwise Programme Class Graduation

The Bermuda College Division Of Professional and Career Education hosted the first local graduating class of the StreetWise MBA™ Programme yesterday [July 28] at the HSBC Harbourview Building on Front Street. The graduates included Herbie Alves, Jahnika Alves, Natalie Bennett, Doyle Butterfield, Elaine Butterfield, Gina Cardell-Naranjo, Felica DeRoza,... Read more of this article

Noonan: “Strong Result In The Current Market”

Noonan: “Strong Result In The Current Market”

Bermuda-based Validus Holdings, Ltd. reported net income available to Validus of $64.0 million, or $0.73 per diluted common share, for the three months ended June 30, 2015, compared to $153.4 million, or $1.61 per diluted common share, for the three months ended June 30, 2014. Net income available to Validus was $237.4 million, or $2.72 per diluted... Read more of this article

Aspen Insurance Q2 Net Income: $49 Million

Aspen Insurance Q2 Net Income: $49 Million

Bermuda-based Aspen Insurance Holdings Limited reported net income after tax of $49 million, or $0.62 per diluted share, and operating income after tax of $72.2 million, or $0.99 per diluted share, for the second quarter of 2015. Chris O’Kane, Chief Executive Officer, commented, “Through the first half of the year we continued to execute on our... Read more of this article

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