Latest news with #Bermuda-based
San Francisco Chronicle
3 days ago
- Business
- San Francisco Chronicle
Hamilton Insurance: Q2 Earnings Snapshot
PEMBROKE, Bermuda (AP) — PEMBROKE, Bermuda (AP) — Hamilton Insurance Group (HG) on Wednesday reported earnings of $187.4 million in its second quarter. The Pembroke, Bermuda-based company said it had net income of $1.79 per share. Earnings, adjusted for non-recurring gains, were $1.55 per share. The provider of insurance and reinsurance services posted revenue of $740.8 million in the period. _____
San Francisco Chronicle
5 days ago
- Business
- San Francisco Chronicle
SiriusPoint: Q2 Earnings Snapshot
PEMBROKE, Bermuda (AP) — PEMBROKE, Bermuda (AP) — SiriusPoint Ltd. (SPNT) on Monday reported second-quarter earnings of $63.2 million. The Pembroke, Bermuda-based company said it had profit of 50 cents per share. Earnings, adjusted for non-recurring costs, were 66 cents per share. The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share. The property and casualty reinsurance company posted revenue of $748.2 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $720.1 million. _____
Washington Post
29-07-2025
- Business
- Washington Post
Nabors: Q2 Earnings Snapshot
HAMILTON, Bermuda — HAMILTON, Bermuda — Nabors Industries Ltd. (NBR) on Tuesday reported a loss of $30.9 million in its second quarter. The Hamilton, Bermuda-based company said it had a loss of $2.71 per share. The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of $2.05 per share.
Business Wire
23-07-2025
- Business
- Business Wire
Assured Guaranty Insures $600 Million in Third Transaction for JFK International Airport's New Terminal One Project
NEW YORK--(BUSINESS WIRE)--Assured Guaranty Inc. (AG)* has insured $600 million of Special Facilities Revenue Bonds issued by the New York Transportation Development Corporation on behalf of JFK New Terminal One (JFK NTO), a consortium comprising of Ferrovial Airports, JLC Infrastructure, Ullico Inc. and Carlyle. This is the third transaction AG has insured for JFK NTO, for a total of $2.2 billion out of the $5.9 billion of bonds issued to date by JFK NTO. The other two successful transactions closed in December 2023 and June 2024. The insured bonds priced on July 16 as part of a $1.367 billion Series 2025 issuance. Lorne Potash, Managing Director, Head of Infrastructure Finance, Americas commented, 'The strength of our partnership with JFK NTO and its transaction team has been proven once again with strong demand for our support on JFK NTO's third issuance. AG's financial strength allows it to participate and add value in precisely these kinds of transactions.' 'This is the third time that AG has insured a transaction for JFK NTO, and we are very pleased that each of our transactions with the issuer has been highly successful,' said Sam Nakhleh, Managing Director, Infrastructure Finance, Americas. AG has insured bonds due in 2038, 2043, 2045, and 2060, and has insured part of each of the term bonds due in 2050, 2055, and 2059. BofA Securities and Loop Capital Markets served as co-bookrunners and Barclays as co-senior manager. Hogan Lovells acted as legal advisor to AG. IMPORTANT NOTICE All of the securities having been sold, this announcement is for information purposes only. This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (Securities Act), or with any securities regulatory authority of any state or jurisdiction of the United States, and may not be offered, sold or transferred, directly or indirectly, in the United States absent registration under the Securities Act or an available exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and the securities laws of any state or other jurisdiction of the United States. *AG is a subsidiary of Assured Guaranty Ltd. (AGL and, together with its subsidiaries, Assured Guaranty). Through its subsidiaries, Assured Guaranty provides credit enhancement products to the U.S. and non-U.S. public finance, infrastructure and structured finance markets. Assured Guaranty also participates in the asset management business through its ownership interest in Sound Point Capital Management, LP and certain of its investment management affiliates. AGL is a publicly traded (NYSE: AGO) Bermuda-based holding company. More information on AGL and its subsidiaries can be found at Cautionary Statement Regarding Forward-Looking Statements: Any forward-looking statements made in this press release reflect Assured Guaranty's current views with respect to future events and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties that may cause actual results to differ materially from those set forth in these statements. These risks and uncertainties include, but are not limited to, difficulties executing Assured Guaranty's business strategy; the demand for Assured Guaranty's financial guaranties; actions that the rating agencies may take with respect to Assured Guaranty's financial strength ratings; adverse developments in Assured Guaranty's guaranteed portfolio; other risks and uncertainties that have not been identified at this time; management's response to these factors; and other risk factors identified in Assured Guaranty's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which are made as of July 23, 2025. Assured Guaranty undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Business Upturn
22-07-2025
- Business
- Business Upturn
Aspida Re Expands Global Footprint with Strategic Reinsurance Transaction in Japan
DURHAM, N.C., July 22, 2025 (GLOBE NEWSWIRE) — Aspida Life Re Ltd ('Aspida Re'), a Bermuda-based life and annuity reinsurance company, announced the execution of its second reinsurance transaction in Japan, effective June 1, 2025. This milestone marks a significant step in Aspida Re's ongoing strategy to expand its global footprint and deliver innovative reinsurance solutions to life and annuity insurance partners worldwide. The transaction was completed with a highly rated Japanese life insurance carrier ('Company'). Aspida Re, rated A- (Excellent) by AM Best, will reinsure new or incoming flow business. The reinsured product is a Japanese yen (JPY) denominated fixed annuity, highlighting Aspida Re's ability to manage foreign exchange risk and deliver tailored solutions to its cedents. 'This transaction is highly strategic for Aspida Re,' said David Florian, CEO of Aspida Re. 'It reflects our deep commitment to the Japanese market and our broader vision of supporting insurers around the world with innovative, capital-efficient reinsurance solutions.' Aspida Re's continued growth in Asian markets demonstrates its agility and expertise in navigating complex regulatory and financial environments, while reinforcing its role as a trusted partner in the global reinsurance landscape. 'We are excited to secure our second Japanese reinsurance agreement,' said Jon Steffen, President and Chief Actuary of Aspida Re. 'Our flexibility and customized solutions allow us to provide significant advantage to clients and partners, no matter their location.' To learn more about Aspida Re, visit About Aspida Re Aspida Life Re Ltd ('Aspida Re'), a Bermuda-based reinsurance platform, is focused on providing efficient and secure life and annuity reinsurance solutions to its global clients. Aspida Re seeks to be a trusted partner in its clients' long-term financial growth by delivering creative, customized solutions while driving business by doing good for the communities it serves. Aspida Re is part of Aspida Holdings Ltd, with over $23.1bn in total assets as of March 31, 2025. A subsidiary of Ares Management Corporation (NYSE: ARES) acts as the dedicated investment manager, capital solutions, and corporate development partner to Aspida Re. For more information on Aspida Re, please visit or follow them on LinkedIn. Krystle Cajas, PR Contact [email protected] Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
