All Bermuda articles – Page 8
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Online onlyFlagstone Re profitable despite catastrophes
Australian bushfires and European storms among major losses; premium income up.
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Caribbean cat pool sees investment growth
Increased returns enhance claims paying capability
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Fitch revises ratings on Avalon Re notes
Cayman-based reinsurer affected by losses from XOL contract
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Online onlyBermuda group issues rallying cry
‘All hands on deck’ as Bermuda First committee is launched
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Online onlyValidus makes rival $1.7bn merger offer to IPC
Offer follows amalgamation agreement between IPC and Max Capital
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Online onlyBermudian interests unite to form lobby group
Reinsurers, bankers and politicians create committee to defend island’s economy
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XL puts UK/Ireland life reinsurance into run-off
Decision follows strategy of prioritising property and casualty business
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Features
Baptism of fire
XL Capital has suffered serious problems, but can it be turned around? David Sandham spoke to Mike McGavick, the CEO.
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Premium up, profits down at Omega
2008 results ‘in line with market expectations’, CEO says
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Ironshore appoints Bermuda CEO
Promotion for Mitch Blaser, who continues as COO and CFO of global operations
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Moody's assesses Max-IPC merger
Deal will enhance Max Capital’s profile and capital base, though negative outlook remains
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Online onlyIPC and Max Capital to merge
Combination will ‘create stronger capitalised, more diversified company’
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Online onlyBermuda reinsurers: outlook remains negative
Fitch warns of challenging conditions and highly volatile investment markets
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Online onlyAxis Capital income falls 57%
Fourth quarter net income of $131m; CEO hails the positives
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Aspen net income down 78.8%
CR of 95.6% for 2008; capital position and business flows remain strong, says CEO
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Axis secures ratings increase
Standard and Poor's cites strong operating performance and moderate earnings volatility
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New Castle Re downgraded
AM Best reassesses company in run-off following sale of infrastructure and change in business profile
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New casualty division at Argo Re
Led by former XL executive Nigel Mortimer; Argo’s US president leaving in May.
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Hardy expects £170m GWP for 2008
Losses from Gustav and Ike revised down $23m to $17.6m. Rates up 5.2% at Jan 1 renewals.
