All the headlines from our Bermuda Topic Page, ordered by recency.
Feb 2 2010 // Bermuda’s Minister of Finance, the Hon. Paula A. Cox J.P., M.P., announced that the island has signed a bilateral agreement with Japan that provides for a full exchange of information on criminal and civil tax...
Dec 20 2009 // Large insurers AIG, Farmers and The Hartford made moves in 2009, as did large brokers Marsh, Aon, Willis, Gallagher, Brown & Brown, Hub and Wells Fargo. So, too, did, many regional insurers and Main Street agencies....
Dec 17 2009 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Amlin Bermuda Limited (ABL), both with stable outlooks.In a separate bulletin Best...
Dec 16 2009 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of Bermuda-based Arch Reinsurance Ltd. and its reinsured affiliates. Best...
Dec 15 2009 // A.M. Best Co.’s review of the Bermuda market’s results finds these companies strongly capitalized; However, Best warned that they will “face significant challenges during the current phase of the...
Dec 11 2009 // Willis Group Holdings Limited announced that its shareholders have approved changing the place of incorporation of the parent company of the Willis Group from Bermuda to Ireland at a special meeting in New York.The Board...
Dec 10 2009 // Bermuda’s Minister of Finance, the Hon. Paula A. Cox, announced that Bermuda had concluded negotiations of a bilateral agreement with Belgium that provide for a full exchange of information on criminal and civil tax...
Dec 10 2009 // The Bermuda Institute of Ocean Sciences (BIOS) recently released a study of the oceans surrounding Bermuda, which, it said, “are arguably the most comprehensively studied marine sites in the world.” The study...
Dec 7 2009 // The Association of Bermuda Insurers and Reinsurers (ABIR) has elected a new slate of officers for the 2010 and 2011 term.The bulletin said that, as of the beginning of the new year, “Michael Butt, Chairman of the...
Nov 24 2009 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Bermuda-based Bison Insurance Company Limited, both with stable outlooks. “The...
Nov 15 2009 // Alan Ring has joined National Contractors Insurance Co., Inc. (NCIC), a risk retention group, headquartered in Big Fork, Montana, as director of sales and marketing. Ring will be based in NCIC’s Anaheim Hills,...
Nov 15 2009 // Alan Ring joined National Contractors Insurance Co. Inc. (NCIC), a risk retention group, headquartered in Big Fork, Mont., as director of sales and marketing.Prior to joining NCIC, Ring was a regional manager for...
Nov 12 2009 // A.M. Best Co. has upgraded the issuer credit rating (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) of Hannover Re (Bermuda) Ltd. with stable...
Nov 5 2009 // The Bermuda Monetary Authority has been appointed as a member of the Executive Committee of the International Association of Insurance Supervisors (IAIS) after a vote taken at the IAIS’s recent annual General Meeting...
Nov 1 2009 // Eagan Insurance Agency, based in Metairie, La., has added six insurance professionals to its staff.Joining the family business are Andrew Eagan and David Strassel, both members of the fifth generation of the Eagan family...
Oct 30 2009 // The Bermuda Monetary Authority has reacted favorably to recommendations listed in the recently published “Foot Report,” which examines the role of offshore British financial centers, and their relation to the...
Oct 30 2009 // A.M. Best Co. has affirmed the financial strength ratings (FSRs) of ‘A’ (Excellent) and issuer credit ratings (ICRs) of “a” of Hiscox Insurance Company (Bermuda) Limited, the UK-based Hiscox...
Oct 22 2009 // Bermuda-based Ironshore Inc. announced today that it has gained approval to write direct and facultative property business on behalf of its Pembroke Lloyd’s Syndicate effective October 1, 2009. The Pembroke team will...
Oct 21 2009 // Ironshore Inc. has named Rod Todd as head of its newly established Lloyd’s Property Operation, and promoted Peter Coleman to head of Ironshore’s Bermuda property operations. Todd has extensive experience in the...
Oct 19 2009 // Bermuda’s Minister of Finance Paula A. Cox announced that it has signed a bilateral agreement with Mexico that provides for a full exchange of information on criminal and civil tax matters between Bermuda and...