Hashtag: #BermudaInsurance
OIL Holds AGM At Fairmont Southampton
Bermuda-based Oil Insurance Limited [OIL] held its 2012 Annual General Meeting [AGM] on March 28 at the Fairmont Southampton Hotel. OIL Chairman, Trygve Imsland, opened the meeting by welcoming the Shareholders to the 40th anniversary of the company and explaining how the company had grown from 1972 to 2012. Robert Stauffer, President & Chief Executive... Read more of this article
Becker To Host Alterra Conference Call
Bermuda-based Alterra Capital Holdings Limited today [Apr.4] announced that it will release Q1 2012 financial results after the market close on May 9, 2012. Headquartered in Hamilton, Alterra Capital Holdings Limited is a global enterprise dedicated to providing diversified specialty insurance and reinsurance products to corporations, public entities... Read more of this article
BlackRock Set To Launch Bermuda Venture
Asset management giant BlackRock is set to launch its first direct foray into the re/insurance industry through a Bermuda-based collateralised quota share partnership with Swiss Re, industry journal “The Insurance Insider” reports today [Apr.4]. BlackRock is joining other investors that have targeted the alternative reinsurance markets... Read more of this article
S&P On Aspen Insurance Share Issuance
Standard & Poor’s Ratings Services yesterday [Apr.3] assigned its “BBB-” rating to Bermuda-based Aspen Insurance Holdings Ltd.’s proposed perpetual preferred share issuance. The issuance will have a fixed rate and be callable after five years. The ratings are subject to confirmation of the final terms and conditions of the... Read more of this article
AXIS CEO To Host Earnings Teleconference
Bermuda’s AXIS Capital Holdings Limited yesterday [Apr.3] announced that it expects to release financial results for the first quarter ended March 31, 2012 on Thursday April 26, 2012, after the close of the financial markets. John Charman, CEO [pictured] and President, and Albert Benchimol, CFO, will host an investor teleconference, including... Read more of this article
Omega Confirms New Offer From Canopius
Bermuda’s Omega Insurance Holdings Ltd. today [Apr. 3] confirmed it has received a takeover approach from privately-owned Canopius Group Ltd. for 65 pence per share in cash, which is lower than its initial offer of 83 pence per share made last September. Omega Insurance also confirmed that its issued share capital as at the close of business on... Read more of this article
S&P: Angelina Departure Won’t Impact Ratings
Standard & Poor’s Ratings Services said today [Apr. 3] that its ratings on Bermuda-based Endurance Specialty Holdings Ltd. [BBB+/Stable] and its core subsidiaries [all rated A/Stable] are not affected by the recent announcement of the retirement of Michael Angelina as Chief Actuary and Chief Risk Officer. S&P believes that Endurance... Read more of this article
Hiscox: Small Business Stress Factors
Small businesses, the lifeblood of the US economy, have literally carried the stresses and strains of the world on their backs since the beginning of the recession, according to a new small business survey from Bermuda-based Hiscox, the first and only insurer to enable small businesses to purchase business insurance direct and online in real-time. Three... Read more of this article
IGIH Earnings Increase By 35 Per Cent In 2011
Dubai-based International General Insurance Holdings Limited [IGIH] — which maintains a major Bermuda operation — today [Apr.3] reported net earnings of $23.2 million for 2011, an increase of 35.05 per cent compared to $17.2 million for the 2010 fiscal year. Commenting on the results, Wasef Jabsheh, Vice Chairman and Chief Executive Officer... Read more of this article
Flagstone To Sell Lloyd’s Operation For $48M
Bermuda’s Flagstone Reinsurance Holdings said today [Apr.3] it will sell its Lloyd’s operations to specialty insurance business ANV Holdings BV for about $48 million in cash. Bermuda Flagstone will also release about $162 million in underwriting capital that is currently supporting the unit’s operations. Flagstone’s Lloyds segment... Read more of this article
Renaissance To Announce Q/1 Results
Bermuda-based RenaissanceRe Holdings Ltd. will conduct an investment community conference call on Thursday, May 3, 2012 at 9:30 AM Eastern Time to discuss its financial results for the first quarter of 2012, as well as the company’s outlook. RenaissanceRe will release the results following the close of market on Wednesday, May 2. A live webcast... Read more of this article
Angelina To Retire From Endurance Speciality
Bermuda re/insurer Endurance Specialty Holdings Ltd. announced today [Apr.2] that Michael Angelina will be retiring from his position as Chief Risk Officer and Chief Actuary effective April 13 in order to assume the position of Executive Director of the Academy of Risk Management and Insurance at St. Joseph’s University in Philadelphia. Mr. Angelina... Read more of this article
