February 10, 2023 IronRock Insurance Company Limited (ROC), for the year ended December 31, 2022 posted gross written premiums of $1.10 billion (2021: $881.21 million) representing a 25% increase. For the quarter, gross written premium amounted to $344.60 million (2021: $260.67 million), a 32% increase year over year. Proportional reinsurance amounted to $880.04 million
March 3, 2022 Net operating income increased 77% to US$9.36 million (2021: US$5.30 million). For the quarter, net operating loss amounted to US$92,388 (2021: income of US$988,266). Of the year-end net operating income: Property income increased 30% to US$6.71 million (2021: US$5.16 million) Net investment income increased 2287% to US$2.63 million (2021: US$110,219) Other income
February 10, 2023 Revenue for the nine months ended December 31, 2022 increased 13% to $19.64 billion (2021: $17.37 billion). Management noted that this resulted because of growth in both Domestic and Export markets. Revenue for the quarter increased 17% to $6.78 billion (2021: $5.79 billion). Cost of Sales for the nine months ended
February 10, 2023 United States: Stocks, Futures Fall With Bonds on Hawkish Bets: Markets Wrap Stocks fell with US futures and Treasuries extended a selloff as wagers for more hawkish monetary policy mounted. Oil rose after Russia said it will cut output. Contracts on U.S. stock gauges fell, with Tesla Inc. and most Big
February 8, 2023 United States: US Futures Retreat, Stocks Rise; Oil Extends Gain: Markets Wrap US futures fell amid mixed earnings reports, while stocks caught up with late gains on Wall Street spurred by a sanguine rates outlook. Oil extended an advance. Contracts on the major U.S. gauges fell, following Tuesday’s equity rally. Chipotle
February 7, 2023 United States: Fed’s Kashkari Says Strong Jobs Data Show Need for More Hikes Federal Reserve Bank of Minneapolis President Neel Kashkari said January’s strong labor-market report shows the US central bank needs to keep raising interest rates. “Right now I’m still at around 5.4%,” Kashkari told CNBC in an interview Tuesday,
February 6, 2023 United States: Futures, Bonds Drop on Fed Outlook; Dollar Rises: Markets Wrap Wall Street equity futures, European stocks and bonds dropped as an unexpectedly strong US jobs report raised the prospect of more rate hikes from the Federal Reserve. Concern over US-China geopolitical tensions also weighed on sentiment. Contracts on the
February 3, 2023 United States: US Futures Drop; Yields Climb After Jobs Data: Markets Wrap US equity futures declined after the January jobs report pointed to a hot labor market, highlighting that the Federal Reserve has more room to keep raising rates. Futures on the S&P 500 and the Nasdaq 100 declined after data
February 2, 2023 United States: US Labor Market Seen Cooling, But Not Nearly Enough for Fed US hiring likely continued to moderate at the start of the year, though still-solid wage growth, an unemployment rate near historical lows and high vacancies are seen stiffening the Federal Reserve’s resolve to keep rates elevated for some
January 31, 2023 United States: Fed Points Toward a Pause in May Once Hikes Have Time to Sink In Federal Reserve officials are on track to consider pausing interest rate hikes following their March meeting if more evidence of cooling inflation rolls in. That’s based on a timeline sketched out by one of the Fed’s
