Hashtag: #BermudaInsurance
Miranthis Joins AIFA Panel Discussion
Bermuda-based PartnerRe Ltd. has announced that President & CEO Costas Miranthis [pictured] is scheduled to participate in a panel discussion at the Annual Association of Insurance and Financial Analysts [AIFA] Conference in Naples, Florida. The Global Reinsurance panel discussion will take place on Monday, March 5, 2012 at 11.15 a.m. Eastern Standard... Read more of this article
Ariel To ‘Sell Reinsurance Operations’
Global investment banking and securities firm Goldman Sachs is poised to acquire the Bermuda-based re/insurance operations of Ariel Holdings through its insurance subsidiary Arrow, industry journal “The Insurance Insider” reports today [Feb.29]. The imminent deal will leave Ariel Holdings with its Lloyd’s operation Atrium and its Zurich-based... Read more of this article
Syncora Posts 2011 Annual Statements
Bermuda-based Syncora Holdings Ltd. announced today [Feb.29] that it has posted to its website annual statements for the year ended December 31, 2011 for each of Syncora Guarantee Inc. and Syncora Capital Assurance Inc. Syncora Holdings Ltd. is a Bermuda-domiciled holding company whose operating subsidiaries Syncora Guarantee Inc. and Syncora Capital... Read more of this article
Assured Guaranty: ‘Near-Record Results’
Bermuda’s Assured Guaranty Ltd. together with its subsidiaries, announced today [Feb.29] financial results for the year ended December 31, 2011 and for the three-month period ended December 31, 2011. The company reported operating income for fourth quarter 2011 of $173.5 million, or $0.95 per diluted share, which represents a 13.6% increase compared... Read more of this article
Lehman’s Settle With Bermuda Reinsurer
Bankrupt Lehman Brothers Holdings Inc., in a settlement with its Bermuda-based Lehman Re life insurance unit, reduced the subsidiary’s $2.3 billion in claims to $1 billion, according to a court filing on Tuesday [Feb. 28]. The Bloomberg financial news service is reporting the settlement between Lehman and two affiliates and Bermuda’s Lehman... Read more of this article
Munich Re’s Bermuda Cat Bond Coverage
German reinsurer Munich Re AG today [Feb.28] said it has acquired coverage for US hurricane and European windstorm risks with a total volume of $75 million from the Bermuda special purpose insurer Queen Street V Re Ltd., which placed a catastrophe bond for that amount on capital markets. The catastrophe bond, which matures April 9, 2015, gives Munich... Read more of this article
Aspen Files Annual Report On Form 10-K
Bermuda’s Aspen Insurance Holdings Limited today [Feb.28] filed its 2011 Annual Report on Form 10-K with the US Securities & Exchange Commission. The document can be downloaded from the Investor Relations section of Aspen’s website.. Aspen provides reinsurance and insurance coverage to clients in various domestic and global markets... Read more of this article
Catastrophes Impact On Hiscox Profits
Hiscox, the Bermuda-based reinsurance group, today [Feb.27] reported a reduction in pre-tax profit for the year ended December 31, leading to a significant fall in earnings per share [EPS]. Profit before tax dropped from £211.4 million to £17.3 million, which the firm said was “a good result considering natural catastrophe losses of £270 million”,... Read more of this article
Cayman Newspaper Chides Premier Cox
Premier Paula Cox’s criticisms of claims by Shadow Finance Minister Bob Richards that rival Caribbean jurisdiction Cayman may be stealing a march on Bermuda in the reinsurance field entirely miss the point, says the leading newspaper in that British territory. In an editorial today [Feb.27], the “Caymanian Compass” says the Bermudian... Read more of this article
AXIS Speciality In Strategic Agreement
Global Clearing & Settlement Advisors [GCSA], a leading US provider of capital solutions for the clearinghouse industry, and AXIS Specialty Ltd., a wholly owned subsidiary of Bermuda’s AXIS Capital Holdings yesterday [Feb.26] announced a Strategic Alliance Agreement in conjunction with their closing of a new transaction for NOS Clearing ASA,... Read more of this article
Deutsch Joins Enstar Holdings Board
Bermuda’s Enstar Group Limited announced on Friday [Feb.24] that Robert V. Deutsch [pictured] has joined the board of directors of Enstar’s wholly-owned subsidiary, Enstar Holdings Inc., the ultimate parent company of Enstar’s US operations. Mr. Deutsch, 52, is a partner at GCP Capital Partners LLC, where he focuses on insurance-related... Read more of this article
White Mountains Declares Dividend
At its regular meeting held on Thursday [Feb. 23], the board of directors of Bermuda’s White Mountains Insurance Group, Ltd. declared a $1.00 per share annual dividend, payable in cash on April 4, 2012, to holders of record of common shares as of the close of business on March 26, 2012. White Mountains is a Bermuda-domiciled financial services... Read more of this article
