RSSCategory: Business

Allied World Reports First Quarter 2017 Results

Allied World Reports First Quarter 2017 Results

Allied World Assurance Company Holdings, AG  reported net income of $80.3 million, or $0.90 per diluted share, for the first quarter of 2017 compared to net income of $74.1 million, or $0.81 per diluted share, for the first quarter of 2016. The company reported operating income of $47.9 million, or $0.53 per diluted share, for the first quarter of... Read more of this article

Opposition Leader & Senator Attend RIMS

Opposition Leader & Senator Attend RIMS

Opposition Leader David Burt and Shadow Minister for Economic Development Senator Kim Wilkerson travelled to Philadelphia this week to support the Bermuda contingent at the RIMS Annual Conference, with Mr Burt saying that “when we are abroad our priority must be to promote Bermuda as economic growth is important for the prosperity of our country.”“The... Read more of this article

Bermuda Stock Exchange Report: April 26 2017

Bermuda Stock Exchange Report: April 26 2017

April 26 saw 28,659 shares trade on the Bermuda Stock Exchange, valued at $527,183.90 BD. 14,000 shares were traded by Ascendant Group Limited, closing even at $8.50 per share, while another 9,344 shares were traded by Bank of N.T. Butterfield Ltd, closing up 1.1% at $32.20 per share. 5,315 shares were traded by BF&M Ltd, closing at an even $20.50... Read more of this article

Validus Reports Net Income Of $94.6 Million

Validus Reports Net Income Of $94.6 Million

Bermuda-based Validus Holdings reported net income available to Validus common shareholders of $94.6 million, or $1.17 per diluted common share, for the three months ended March 31, 2017, compared to $166.8 million, or $1.98per diluted common share, for the three months ended March 31, 2016. Net operating income available to Validus common... Read more of this article

Arch Capital Reports 2017 First Quarter Results

Arch Capital Reports 2017 First Quarter Results

Bermuda-based Arch Capital Group Ltd. reportED that net income available to Arch common shareholders for the 2017 first quarter was $241.9 million, or $1.74 per share, compared to $149.3 million, or $1.20 per share, for the 2016 first quarter. The Company’s net income available to Arch common shareholders represented an annualized return on average... Read more of this article

Bermuda Praised At RIMS For Role In Risk

Bermuda Praised At RIMS For Role In Risk

The head of the Risk & Insurance Management Society [RIMS] has praised Bermuda’s participation in its 2017 conference and exhibition in Philadelphia this week as a fitting affirmation of the island’s industry stature. “Our friends at Bermuda always bring energy and passion to RIMS Annual Conference and Exhibition,” said RIMS CEO Mary Roth... Read more of this article

Aspen Reports 2017 Q1 Net Income: $96.5M

Aspen Reports 2017 Q1 Net Income: $96.5M

Bermuda-based Aspen Insurance Holdings Limited reported net income after tax of $96.5 million, or $1.36 per diluted ordinary share, and operating income after tax of $59.8 million, or $0.79 per diluted ordinary share, for the first quarter of 2017. Chris O’Kane, Chief Executive Officer, commented: “Aspen recorded positive underwriting contributions... Read more of this article

Standard & Poor’s Affirms Bermuda ‘A+’ Ratings

Standard & Poor’s Affirms Bermuda ‘A+’ Ratings

Deputy Premier and Minister of Finance Bob Richards today advised that Standard & Poor’s [S&P] has affirmed Bermuda’s rating at A+ and maintained our outlook at stable, and said he welcomed the ratings notification on Bermuda published by S&P. “Key drivers stated as the reasons for the affirmation are effective and predictable policymaking... Read more of this article

XL Group Announce First Quarter 2017 Results

XL Group Announce First Quarter 2017 Results

XL Group announced their 2017 first quarter results, with net income attributable to common shareholders of $152.8 million, or $0.57 per share, compared to $21.9 million, or $0.07 per share, in the prior year quarter. Commenting on the Company’s performance, Chief Executive Officer Mike McGavick said: “We are pleased to start off 2017 with solid... Read more of this article

Hamilton Re Appoint Shah, Sammons, Thomsen

Hamilton Re Appoint Shah, Sammons, Thomsen

Hamilton Re, the Bermuda-based platform of Hamilton Insurance Group, announced appointments and senior role changes in its management team. Minesh Shah, Richard Sammons and Sam ThomsenMinesh Shah has joined Hamilton Re in the newly-created role of Senior Vice President, Actuary. Mr. Shah reports to Chief Risk Officer Pete Skerlj. He has over 20 years’... Read more of this article

CCS Group To Host Cyber Security Summit

CCS Group To Host Cyber Security Summit

CCS Group, a Bermuda-based Systems Integrator and Information Technology specialist, will host a Cyber Security Summit on May 4th from 8:30am to 4pm at the Bermuda Underwater Exploration Institute. The Summit will address the Cyber Security Eco-System from endpoint to mobile to cloud and how today’s most innovative technologies protect modern enterprises... Read more of this article

Everest Re Group’s 2017 First Quarter Results

Everest Re Group’s 2017 First Quarter Results

Bermuda-based Everest Re Group, Ltd. reported first quarter 2017 net income available to common shareholders of $291.6 million, or $7.07 per diluted common share, compared to net income of $171.7 million, or $4.00 per diluted common share for the first quarter of 2016. After-tax operating income1 available to common shareholders was $259.5 million,... Read more of this article

Propertyskipper Launches New Website

Propertyskipper Launches New Website

Propertyskipper.com, a property search website operating in Bermuda, Barbados and Guernsey, has launched their new Bermuda website. Propertyskipper.com initially launched in Bermuda in January 2013 and has expanded since inception and now advertises the listings of over 30 real estate agents in Bermuda. “Our platform continues to grow both in Bermuda... Read more of this article