11/15/2023
IGI chief executive officer Waleed Jabsheh said: “IGI’s excellent third quarter and nine month results - reflected in a combined ratio of 73.2% and a core operating return on average equity of 31.0%
11/14/2023
The group’s balance sheet strength is further supported by its strong liquidity position and conservative investment portfolio.
11/14/2023
CIBC FirstCaribbean will be adjusting the minimum balance threshold and the monthly minimum balance fee on Business Current and Business Call products for all currencies.
11/13/2023
Sales volume for food stores fell 4.4 per cent, liquor stores' sales volume fell 6.2 per cent, service stations' sales volume decreased 0.4 per cent, and the sales volume at apparel stores dropped 4.4 per cent.
11/13/2023
“The board now believes it is appropriate to explore a range of potential strategic alternatives to maximize shareholder value.”
11/13/2023
Argo announced in February it was being bought by Brookfield Re, also based in Bermuda, for $1.1 billion.
11/13/2023
“Our teams are experienced and proficient at acquiring and integrating mortgage insurance companies, which we expect will help us quickly maximize the value of this acquisition.”
11/13/2023
Trading suspended as bondholders receive
11/10/2023
It said the improvement in net underwriting results was driven by lower catastrophe losses and improved favourable prior year loss reserve development.
11/10/2023
Argo said the merger agreement outside date for completing the transaction has been automatically extended to February 8, 2024
11/10/2023
This resulted from the company’s significant exposure to investments in various 777 Partners originated assets resulting in higher risk charges.
11/10/2023
The offering is expected to close on or about November 14, 2023, subject to the satisfaction of customary closing conditions.
11/09/2023
The raw median price (realty only) of the 12 Open Market transactions in the third quarter of 2023 was £1,443,438.
11/09/2023
Frank D’Orazio, the company’s chief executive officer, said: “Today’s announcement represents a key milestone for James River and is strategically significant for both our Company and Fleming.
11/09/2023
Bermuda’s internationally recognised regulator, world-leading talent base and culture of innovation drive the market’s leadership in finding solutions to large and complex risks such as climate change and cyber.
11/09/2023
That compares with a net loss attributable to ordinary shareholders of $432 million in the prior year quarter.
11/08/2023
Third-quarter capital returned to shareholders was $80 million including share repurchases of $64 million and dividends of $16 million.
11/08/2023
It said the goal of the company was to “enhance competitive position through a structure that enables disciplined capital deployment” and to increase capital efficiency.
11/07/2023
The company reported book value per share of $1,542 and adjusted book value per share of $1,588 as of September 30.
11/07/2023
SRS said it has recruited several seasoned ART and corporate insurance industry experts that will join in the coming months.