All the headlines from our Bermuda Topic Page, ordered by recency.
Dec 22 2008 // The New York-based insurer Tower Group, Inc. and Bermuda-based CastlePoint Holdings, Ltd. have both fixed a record date and a date for their respective special general meeting for shareholders to consider and vote on the...
Dec 19 2008 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Bermuda-based Validus Reinsurance, Ltd. Best also affirmed the ICR of...
Dec 2 2008 // Standard & Poor’s Ratings Services has revised its outlook on Netherlands-based Eureko B.V. and related core subsidiaries to negative from stable. S&P also affirmed the ‘A-‘ long-term...
Dec 1 2008 // A.M. Best Co. has affirmed the financial strength ratings (FSR) and issuer credit ratings (ICR) of selected subsidiaries of the Bermuda-based White Mountains Insurance Group, Ltd., including the FSRs of ‘A’...
Nov 17 2008 // Both A.M. Best and Fitch Ratings have reacted negatively to the news that the Exporters Group has entered into an agreement to transfer renewal rights to Australia’s QBE Holdings.Best put its financial strength...
Nov 14 2008 // Standard & Poor’s Ratings Services has just published a new study – “Bermuda Insurers And Reinsurers: The Good, The Bad, And The Ugly – ” which examines the current status of the...
Nov 14 2008 // The Bermuda-based Catlin Group Limited has just released its “Interim management Statement,” which shows premium gains in most sectors, but did not give fianncial results.Catlin operates extensively in the...
Nov 10 2008 // The Bermuda-based, but UK-listed, insurer Hiscox expects strong growth in 2009, thanks to rising premiums in some of its core markets and increased business due to credit and capital problems at some competitors, it said...
Nov 2 2008 // The by now all too familiar litany of the world’s financial woes took pride of place at A.M. Best’s conference in London on Oct. 15. Roger Sellek, the rating agency’s managing director-global financial...
Oct 31 2008 // A.M. Best Co. has commented that the ratings and outlook of Cayman Islands-based Ironshore Inc. and its operating subsidiaries are unchanged following the resignation of the company’s chief underwriting officer...
Oct 30 2008 // Les Rock, president and chief underwriting officer of Ironshore Insurance Ltd., has resigned effective Oct. 31, 2008 for personal reasons.Howard Barnes, Peter Coleman and Rod Todd will continue to underwrite property...
Oct 20 2008 // The by now all too familiar litany of the world’s financial woes took pride of place at A.M. Best’s well-attended conference (over 240 attendees) in London on October 15.Roger Sellek, the rating agency’s...
Oct 20 2008 // The Bermuda Monetary Authority (BMA) issued a bulletin welcoming the recently released report by the International Monetary Fund (IMF), which gave the island high marks for its regulatory system.The bulletin noted that the...
Oct 20 2008 // Insurance regulators in New York and Bermuda have agreed to closer cooperation in overseeing insurance matters. New York State Insurance Superintendent Eric Dinallo and Matthew Elderfield, chief executive officer of the...
Oct 13 2008 // Aon Corp. announced that key general liability insurance markets in Bermuda have for the first time agreed to accept a single excess follow form from Aon. The form will provide Aon’s clients “with greater...
Oct 10 2008 // ACE Bermuda Insurance Ltd. has announced an increase in its Integrated Occurrence capacity from $100 million to $150 million effective immediately. This additional capacity is available under ACE Bermuda’s core...
Oct 9 2008 // A.M. Best Co. has upgraded the issuer credit ratings (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) of Bermuda-based Arch Reinsurance Ltd. and...
Oct 6 2008 // Whatever goes around comes around, and in an election year it was almost inevitable that somebody would reintroduce legislation to “close the tax loophole” that they maintain offshore insurers enjoy at the...
Oct 3 2008 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Flagstone Reassurance Suisse SA, as well as the ICR of “bbb-”...
Sep 30 2008 // Insurance regulators in New York and Bermuda have signed an agreement that calls for closer cooperation between the two agencies in overseeing insurance matters.New York State Insurance Superintendent Eric Dinallo and...