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16 02, 2018

GENAC reports 26% increase in Gross Premium

2018-04-09T15:12:48-05:00

Date: April 9, 2018 Kindly see audited results for General Accident Insurance Company Limited below: General Accident Insurance Company Limited (GENAC) For the year ended December 31, 2017 reported Gross premium written of $7.11 billion, 26% higher than the $5.65 billion reported for 2016. Reinsurance ceded rose 28% to close at $5.56 billion relative to

16 02, 2018

BIL reported net loss of $38.77 million for first quarter ended Dec 2017

2018-02-16T16:32:45-05:00

February 16, 2018                           Interest income declined marginally by 6% during the three month period, amounting to $254.95 million relative to $270.27 million for the comparable period in 2016. Interest expense also declined to close at $174.17 million compared to $193.12 million in 2016. As a result, net interest income increased by 5% to $80.78 million

16 02, 2018

ROC reports 233% increase in gross premiums

2018-04-03T17:36:36-05:00

Date: April 3, 2018 Kindly see audited results for IronRock Insurance Company Limited below: IronRock Insurance Company Limited (ROC), for the year ended December 31, 2017 posted gross premium of $424.46 million relative $127.35 million; this represents a 233% increase. While for the fourth quarter gross premium was $167.19 million relative to $67.93 million for 2016.

16 02, 2018

GWEST reports 31% decline in Gross Profits

2018-02-16T13:24:26-05:00

Date: February 16, 2018   QWEST Corporation Limited, for the nine months ended December 31, 2017, reported total revenue booked for the nine months ended December 31, 2017 amounted to $61.58 million, a decrease of 2% when compared with the $62.79 million booked last year. Revenue fell by 11% or $2.65 million for the third

16 02, 2018

Overseas Headlines – February 16,2016

2018-02-16T12:39:00-05:00

February 16,2016 United States: Selloff Grips Credit Funds as Rate Fears Ripple Through Markets Corporate bond investors finally joined a selloff that has shaken stocks to Treasuries as investors spooked by U.S. interest-rate risk headed for the exits. Investors pulled $14.1 billion from debt funds, the fifth-largest stretch of redemptions in the week through Feb.

15 02, 2018

KEY reports a 201% increase in year end net profits

2018-04-03T18:24:31-05:00

Date: April 3, 2018 Kindly see audited results for KEY Insurance Company below: KEY Insurance Company , for the year ended December 31, 2017, reported a 50% increase in net premiums written to $293.58 million from $195.21 million. For the year end, the company, reported a 44% increase in net premiums written to $930.30 million

15 02, 2018

138SL books 56% decline in first quarter profit

2018-02-15T17:21:40-05:00

February 15, 2018 138SL’s Income increased by 77% to $191.63 million relative to the $108.04 million recorded for the comparable period the prior year. The company noted that, “Revenue for the current quarter to December 31, 2017 was not at its optimum and was lower than expectations. Other Operating Income rose 3% to $7.27 million

15 02, 2018

Overseas Headlines – February 15,2018

2018-02-15T12:52:25-05:00

 February 15,2018 United States: U.S. CPI Tops Estimates as Apparel Costs Jump Most in 30 Years U.S. consumer prices rose by more than projected in January as apparel costs jumped the most in nearly three decades. The report sent Treasuries and stocks tumbling, as it added to concerns about an inflation pickup that have roiled

14 02, 2018

RJR Recorded Net Profit of $43.78 million-nine months ended December 2017

2018-02-14T02:58:04-05:00

February 13, 2018 Revenues for the nine months declined by 4% to $3.87 billion compared to $4.02 billion for the comparable period the prior year. The quarter added a 2% increase to close at $1.40 billion (2016: $1.36 billion). Direct Expenses has declined by 4% to $1.84 billion relative to $1.90 billion for the same

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