All the headlines from our Bermuda Topic Page, ordered by recency.
Oct 4 2010 // It’s cash-rich, led by a CEO with political aspirations, and was last year’s top S&P 500 performer.Pressured by soft pricing and slow premium growth, (re)insurer XL Group is also undervalued, analysts say,...
Oct 4 2010 // As underwriters, syndicates are the heart of the Lloyd’s market. Until the end of the 20th century they were largely funded by wealthy individuals, who pledged their fortunes to back the risks accepted by the...
Sep 21 2010 // Hurricane Igor barreled north Monday on a path expected to take it near Newfoundland and energy interests off eastern Canada, after battering Bermuda with heavy winds, waves and rain that caused damage but no...
Sep 16 2010 // Hurricane Igor continues to be a dangerous category four storm, the second most powerful category in the five category Saffir-Simpson scale, and is now predicted to possibly hit Bermuda.Officials in Bermuda reportedly have...
Sep 15 2010 // It’s cash-rich, led by a CEO with political aspirations, and was last year’s top S&P 500 performer.Pressured by soft pricing and slow premium growth, (re)insurer XL Group is also undervalued, analysts say,...
Sep 9 2010 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of the operating company, Alterra Bermuda Limited (formerly Alterra Insurance...
Sep 9 2010 // Global reinsurance companies are reconsidering their choices of corporate domicile, according to a new report from Standard & Poor’s Ratings Services, titled “Choosing A Domicile Remains A Hot Topic For...
Sep 2 2010 // Tropical Storm Fiona is located about 610 miles, 980 kms south of Bermuda, according to the National Hurricane Center’s 8:00 a.m. AST bulletin. The storm is moving toward the northwest near 17 mph, 28 km/hr.The NHC...
Aug 30 2010 // Bermuda-based Endurance Specialty Holdings announced that Arturo E. Falcon has joined Endurance Worldwide Reinsurance to lead the expansion of Endurance’s global reinsurance portfolio in the Latin American market. He...
Aug 26 2010 // The U.S. National Hurricane Center is reporting that Hurricane Danielle is still a category two hurricane, with sustained winds of 105 miles per hour, and that it is expected to strengthen somewhat in the next 24 hours. As...
Aug 24 2010 // Insurance brokerage and risk management consulting firm Beecher Carlson has appointed Robin Mehta as Executive Managing Director. He joins Beecher Carlson to lead the Bermuda office operations, including its Captive...
Aug 9 2010 // Tropical Storm Colin weakened to a tropical depression in the Atlantic Ocean Sunday as it passed west of Bermuda, the National Hurricane Center (NHC) said, adding the system could dissipate later in the day.Colin became...
Aug 6 2010 // Tropical Storm Colin reformed over the Atlantic Ocean Thursday and was moving northwest on a path that could take it close to Bermuda, where authorities issued a tropical storm warning, the U.S. National Hurricane Center...
Aug 3 2010 // Specialty insurer and reinsurer Catlin Group Limited has appointed Peter Schmidt as chief executive officer for European Reinsurance. He will also serve as CEO of Catlin Re Switzerland, which subject to regulatory approval...
Jun 29 2010 // Aon Global Risk Consulting, the provider of risk advisory services of Aon Corp, announced the launch of Aon Global Risk Consulting Bermuda, as part of Aon Insurance Managers (Bermuda) Ltd.Aon noted that it has operated in...
Jun 29 2010 // The Bermuda-based Catlin Group Limited has announced that it intends to form a reinsurance company in Switzerland to “significantly expand the European-based reinsurance business underwritten by the...
Jun 18 2010 // A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa” of Allianz S.p.A. (Italy), both with stable outlooks. Best explained that the...
Jun 15 2010 // ACE Bermuda International announced the enhancement of its CODA product, which provides personal asset protection for directors & officers in the UK, at the AIRMIC Conference.ACE explained that CODA provides the...
Jun 2 2010 // The Bermuda Monetary Authority has begun conducting a pilot of its internal capital model (ICM) review process with selected Class 4 companies, the largest commercial (re)insurers in the Bermuda market.“The ICM...
May 28 2010 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Hiscox USA Group, and its lead member, Hiscox Insurance Company Inc....