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Imagine almost doubles 2002 net income to $28m.
(From Insurance Day)
BERMUDIAN finite risk operation Imagine Insurance saw its net income nearly double during 2002, writes Richard Banks.
The company, which at the beginning of the year revealed an agreement giving it the option to acquire a 66.67% equity and voting interest in Lloyd's operation Greenwich Managing Agency (GMA), has reported net income for last year of $28.5m.
In 2002 Imagine Insurance, which specialises in finite risk insurance and reinsurance, with offices in Barbados, Bermuda, Dublin, Copenhagen, New York and St Louis, achieved net underwriting income of $29m nearly three times the previous year's figure. Imagine also confirmed it has received a $100m capital boost through a common share subscription by majority shareholder Brascan Corporation at the end of last year.
Brad Huntington, one of the founders of Imagine and previously co-chief executive, has been named president and chief executive of the company. His co-founder, Thomas Gleeson, has stepped down. Mr Huntington ...
- Fitch Ratings Affirms Imagine Insurance's 'A' Rating.
- Press release article from: Business Wire July 8, 2002 700+ words
...insurer financial strength rating of Imagine Insurance Company Limited (Imagine). The...Imagine generated $14.7 million of net income (International Accounting Standards...Issue/Type/ Action Rating/Outlook Imagine Insurance Company Limited --Insurer financial...
- A.M. Best Affirms Ratings of Imagine Insurance Company Limited; Revises Outlook...
- Press release article from: Business Wire April 10, 2007 700+ words
...A- (Excellent) and issuer credit rating of "a-" of Imagine Insurance Company Limited (Imagine) (Barbados). The outlook for...result, the percentage contribution of these contracts to net income has also declined over the same period. Imagine's revised...
- Fitch Revises Imagine Insurance's Rating Outlook to Negative.
- Press release article from: Business Wire July 25, 2008 700+ words
...Ratings has revised the Rating Outlook on Imagine Insurance Company Limited and Imagine International...factors in Fitch's rating analysis. Imagine Insurance Company Limited (Imagine Insurance) is a Barbados-based insurance company...
- Fitch Downgrades & Withdraws Imagine Insurance's Ratings.
- Press release article from: Business Wire December 19, 2008 700+ words
...Financial Strength (IFS) ratings of Imagine Insurance Company Limited and Imagine International...rating actions follow the decision by Imagine Insurance Company Limited's Board of Directors...ratings, with a Stable Outlook: Imagine Insurance Company Limited Imagine International...
- Fitch Affirms Imagine Insurance at 'A'; Outlook to Stable.
- Press release article from: Business Wire February 28, 2005 700+ words
...affirmed the 'A' insurer financial strength ratings of Imagine Insurance Company Limited (Imagine) and Imagine International Reinsurance...Brascan Corporation (TSE:BNN.A)(NYSE:BNN). Imagine Insurance Company Limited Imagine International Reinsurance Limited...
- Fitch Affirms Imagine Insurance at 'A', Changes Outlook to Positive.
- Press release article from: Business Wire September 9, 2004 700+ words
...affirmed the 'A' insurer financial strength rating of Imagine Insurance Company Limited (Imagine). The Rating Outlook has been...subsidiary. Entity/Issue/Type Action Rating/Outlook Imagine Insurance Company Limited -- Insurer financial strength Affirm...
- Fitch Affirms Imagine Insurance's 'A-' IFS Rating.
- Press release article from: Business Wire April 7, 2008 700+ words
...the 'A-' insurer financial strength (IFS) ratings of Imagine Insurance Company Limited (Imagine) and Imagine International Reinsurance...ratings at 'A-'. The Rating Outlook is Stable. --Imagine Insurance Company Limited --Imagine International Reinsurance Limited...
- Fitch Affirms Imagine Insurance's 'A-' Rating.
- Press release article from: Business Wire October 9, 2006 700+ words
...the 'A-' insurer financial strength (IFS) ratings of Imagine Insurance Company Limited (Imagine) and Imagine International Reinsurance...ratings have been affirmed by Fitch with a Stable Outlook: Imagine Insurance Company Limited Imagine International Reinsurance Limited...
- Fitch Ratings Affirms Imagine Insurance's 'A' IFS Rating.
- Press release article from: Business Wire September 17, 2003 700+ words
...affirmed the 'A' insurer financial strength rating of Imagine Insurance Company Limited (Imagine). The Rating Outlook is Stable...subsidiary. Entity/Issue/Type Action Rating/Outlook Imagine Insurance Company Limited --Insurer financial strength Affirm...
- Fitch Assigns `A' Rating To Imagine Insurance.
- Press release article from: Business Wire June 18, 2001 700+ words
...assigned an `A' insurer financial strength rating to the Imagine Insurance Company Limited (Imagine), a newly formed finite risk...operation. Entity/Issue/Type Action Rating/Outlook Imagine Insurance Company Limited --Insurer financial strength Assigned...