All the headlines from our Bermuda Topic Page, ordered by recency.
May 26 2010 // A.M. Best Co. has upgraded the financial strength rating to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit rating to “a” from “a-” of Bermuda-based Hatherley...
May 19 2010 // Flagstone Reinsurance Holdings, S.A. announced that it has completed the previously announced change in the company’s corporate domicile from Bermuda to Luxembourg [See IJ web site –...
May 18 2010 // Bermuda’s Minister of Finance, the Hon. Paula A. Cox, announced that Bermuda has concluded negotiations for a bilateral agreement with the Italian Republic that will, “upon signing later this year, provide for...
May 11 2010 // Bermuda announced that it has signed a bilateral agreement with the Portuguese Republic that “provides for a full exchange of information on criminal and civil tax matters between Bermuda and the Portuguese...
May 7 2010 // Bermuda-based Flagstone Reinsurance Holdings Limited joined a number of reinsurers with diminished results for the first quarter of 2010. The Company reported net operating income of $12.1 million, compared to $31.3...
May 6 2010 // Platinum Underwriters Holdings announced that Allan C. Decleir has been named Executive Vice President and Chief Financial Officer, effective June 1, 2010, subject to the approval of the Bermuda Department of Immigration....
May 6 2010 // A.M. Best Co. has commented that the ratings of the UK’s Amlin plc and its operating subsidiaries are unchanged. This follows Amlin’s announcement that it plans to establish a reinsurance platform in Zurich,...
May 5 2010 // London-based Amlin plc, one of Lloyd’s and the UK’s best known insurers, has announced plans to establish a reinsurance company in Switzerland to serve European clients.Amlin said it believes that the company...
May 4 2010 // A.M. Best Co. has revised the outlook to positive from stable and affirmed the issuer credit ratings (ICR) of “a-” and senior debt ratings of ACE Limited, based in Zurich, Switzerland, and ACE INA Holdings...
Mar 18 2010 // The Bermuda Monetary Authority (BMA) has exchanged Letters of Cooperation with the Swiss Financial Market Supervisory Authority (FINMA). The Letters “formally establish the basis for consultation, cooperation and...
Mar 17 2010 // The Association of Bermuda Insurers and Reinsurers (ABIR) has released the 2009 global underwriting results for its 23 members, who write insurance and reinsurance from underwriting centers in Bermuda, Europe and the...
Mar 11 2010 // London-based specialty insurer Hiscox, which launched a significantly expanded U.S. presence in 2006, saw gross profits reach record levels ($481 million) in 2009. In this exclusive interview with Insurance Journal, Hiscox...
Mar 9 2010 // The Association of Bermuda Insurers and Reinsurers (ABIR) has filed an opposition to HR 2555 which, the Association warns would “replace private sector risk bearing capital with government reinsurance and government...
Mar 4 2010 // A.M. Best Co. has placed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the operating subsidiaries of Max Capital Group Ltd. under review with...
Feb 23 2010 // Bermuda-based Platinum Underwriters Holdings announced that it has increased the authorized amount under its existing share repurchase program to a total of up to $250 million of its common shares.“This represents an...
Feb 18 2010 // Bermuda-based Endurance Specialty Holdings Ltd. announced that, effective March 1, 2010, David Cash will take over as its Chief Executive Officer. Kenneth J. LeStrange, the Company’s Chairman of the Board, President...
Feb 16 2010 // A.M. Best Co. has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 382, which is managed by Hardy Underwriting...
Feb 3 2010 // Massachusetts-based OneBeacon Insurance Group has agreed to sell its personal lines business to Tower Group Inc. in a deal that comprises two affiliate insurers and two reciprocal insurance exchanges in New York and New...
Feb 3 2010 // A.M. Best Co. has assigned a debt rating of “bbb-” to the recently issued $250 million 8.875 percent senior unsecured notes, due 2040 of Bermuda’s Validus Holdings, Ltd., and has assigned them a stable...
Feb 2 2010 // XL Insurance, the global insurance operations of XL Capital, announced the appointment of Patrick Tannock as President of XL Insurance (Bermuda) Ltd (XLIB) and Country Manager, effective as of February 22, 2010.XL’s...