RSSCategory: Business

Aspen On Withdrawal Of Endurance Offer

Aspen On Withdrawal Of Endurance Offer

Aspen Insurance Holdings Limited responded to the announcement by Endurance Specialty Holdings Ltd. that it is withdrawing its unsolicited offer to acquire Aspen and abandoning its proposals related to calling a special meeting of Aspen shareholders and petitioning the Supreme Court of Bermuda for an involuntary scheme of arrangement. Chris O’Kane,... Read more of this article

RenaissanceRe 2014 Q2 Net Income: $120.8M

RenaissanceRe 2014 Q2 Net Income: $120.8M

Bermuda-based RenaissanceRe Holdings Ltd. reported net income available to RenaissanceRe common shareholders of $120.8 million, or $2.95 per diluted common share, in the second quarter of 2014, compared to $26.8 million, or $0.60 per diluted common share, in the second quarter of 2013. Operating income available to RenaissanceRe common shareholders... Read more of this article

Montpelier Reports 2014 Q2 Financial Results

Montpelier Reports 2014 Q2 Financial Results

Bermuda-based Montpelier Re Holdings Ltd., a leading provider of short-tail reinsurance and other specialty lines, today reported its financial results for the quarter ended June 30, 2014. Fully converted book value per common share was $31.74, an increase of 2.8% from March 31, 2014 and an increase of 8.7% from December 31, 2013, each after taking... Read more of this article

Bermuda Stock Exchange Report: July 30 2014

Bermuda Stock Exchange Report: July 30 2014

Today [July 30] saw the close of the BSX’s week finish with 272,597 shares traded on the day, valued at $590,080.82. 250,246 shares were traded by Bank of N.T. Butterfield Ltd, closing at $2.00 per share, up 0.5% on the day. 15,551 shares were traded by Polaris Holding Co. Ltd, closing at an even $3.05 per share. The other 6,800 shares were traded... Read more of this article

Endurance Terminates Offer To Acquire Aspen

Endurance Terminates Offer To Acquire Aspen

Following weeks of exchanges between the two Bermuda-based re/insurers, Endurance Specialty Holdings Ltd. today [July 30] confirmed that it has terminated its offer to acquire Aspen Insurance Holdings Limited. In connection with the termination of its acquisition offer, Endurance will not be pursuing its board size increase and scheme of arrangement... Read more of this article

BFIS Summer Interns Make Presentations

BFIS Summer Interns Make Presentations

On July 28, the Bermuda Foundation for Insurance Studies [BFIS] Overseas Summer Interns made presentations to about 40 students and insurance professionals on what they learned after being immersed in the insurance sectors in Atlanta, Chicago, and London for two weeks earlier in July. “This was a wonderful, life-changing opportunity,” said one... Read more of this article

BMA Stats Show Bermuda’s ‘Continued Strength’

BMA Stats Show Bermuda’s ‘Continued Strength’

First half statistics recently released by the Bermuda Monetary Authority [BMA] ”demonstrate the continued strength of Bermuda’s financial services industry and its ability to generate growth despite the uncertain global outlook,” the BMA said. Shelby Weldon, Director of Licensing & Authorisations at the Authority, said, “The... Read more of this article

PartnerRe Ltd. 2014 Q2 Net Income: $257.7M

PartnerRe Ltd. 2014 Q2 Net Income: $257.7M

Bermuda-based PartnerRe Ltd. reported net income of $257.7 million, or $5.02 per share for the second quarter of 2014. This includes net after-tax realized and unrealized gains on investments of $123.7 million, or $2.41 per share. The net loss for the second quarter of 2013 was $190.4 million, or $3.37 per share, including net after-tax realized and... Read more of this article

Aspen U.S. Appoints Jeff Canfield As Senior VP

Aspen U.S. Appoints Jeff Canfield As Senior VP

Aspen U.S. Insurance, part of the insurance segment of Bermuda-based Aspen Insurance Holdings Limited, announced that Jeff Canfield has joined as Senior Vice President, Product Line Leader, Excess Casualty. Reporting to Roxanne Mitchell, Executive Vice President, Casualty, Jeff will lead Excess Casualty, one of the four product lines within the new... Read more of this article

Blue Capital Global Re Declares $0.032 Dividend

Blue Capital Global Re Declares $0.032 Dividend

Bermuda-based Blue Capital Global Reinsurance Fund Limited has declared its interim dividend in respect of the six months ended 30 June, 2014, of US $0.032 per Share, payable on 22 August, 2014, to Shareholders on the register on 8 August, 2014. The ex-dividend date will be 6 August,2014. Related PostsBlue Capital Completion of Placing... Read more of this article