All the headlines from our Bermuda Topic Page, ordered by recency.
Apr 1 2008 // The Bermuda Monetary Authority (BMA) has launched a new web site that provides an unprecedented level of detail about Bermuda’s regulatory standards online.The BMA stated that the new site, which went live today,...
Mar 24 2008 // The Hartford’s Chief Financial Officer David M. Johnson plans to step down later this year. He has served as the company’s top financial officer since 2001, and will remain in the position until a successor is...
Mar 24 2008 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Cologne Reinsurance Company (Dublin) Ltd. (CRD) with a stable outlook....
Mar 20 2008 // Bermuda-based ACE Limited has announced that its board of directors “has approved a re-domestication of the Company to move its place of incorporation from the Cayman Islands to Zurich, Switzerland. ACE’s...
Mar 18 2008 // His Excellency Dr. Omar Bin Sulaiman, Governor of the Dubai International Financial Centre (DIFC), has officially opened the 2008 World Insurance Forum (WIF) at the DIFC.This is the first time the event has been held...
Mar 5 2008 // Fitch Ratings will host a teleconference today, Wednesday, March 5, to discuss the Bermuda insurance and (Re)insurance markets and trends expected to affect this industry in 2008. Fitch’s analysts will also delve...
Mar 4 2008 // Fitch Ratings has released a new “Special Report” examining the state of Bermuda’s insurance and reinsurance industry, which concludes that it “continues to develop as a thriving domicile for...
Mar 4 2008 // Bermuda-based Hiscox Ltd. posted a strong profit gain in 2007. Results, released yesterday, March 3, showed a record setting £237.2 million ($471 million) pretax profit, compared to £201.1 million ($399.5 million) in...
Mar 4 2008 // Standard & Poor’s Ratings Services has revised its outlook on U.K.-based Novae – Syndicate 2007 to positive from stable. S&P also affirmed its Lloyd’s Syndicate Assessment (LSA) of...
Feb 24 2008 // San Diego-based Barney & Barney LLC named Jim O’Connell principal. He also will serve as director of development for programs, specialty insurance solutions. In that role, he is responsible for both regional and...
Feb 22 2008 // Bermuda-based RenaissanceRe Holdings Ltd. announced that Edmund B. Greene, 69, Brian R. Hall, 65 and Scott E. Pardee, 71, three longtime members of its Board of Directors, will retire in conjunction with the...
Feb 20 2008 // Chicago-based Navigant Consulting, Inc. has established Navigant Consulting (Bermuda) Ltd. to extend its services to the island’s insurance and reinsurance market.“The Company will offer its full suite of...
Feb 19 2008 // Standard & Poor’s Ratings Services has placed its ‘AA’ rating on BluePoint Re Ltd., its ‘AAA’ rating on Channel Reinsurance Ltd., and its ‘AAA’ rating on RAM Reinsurance Co....
Feb 14 2008 // A.M. Best Co. has affirmed its Syndicate Rating of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a+” of Lloyd’ s Syndicate 382, which is managed by Hardy Underwriting Agencies Ltd....
Feb 11 2008 // Standard & Poor’s Ratings Services has published an article which states that Bermuda-domiciled insurance companies will face increasing competition from other regions of the world.The article –...
Feb 4 2008 // Aon Re Global has appointed Robert J. Cooney as Managing Director of Aon Capital Markets. He will report to Paul Schultz, President of Aon Capital Markets, and will also serve as Vice Chairman of Aon Re Global –...
Jan 29 2008 // A.M. Best Co. has downgraded the debt rating to “bb+” from “bbb” on the $350 million non-cumulative perpetual preferred securities (issuer preferred securities) issued by Stoneheath Re (issuer), a...
Jan 8 2008 // Bermuda’s XL Capital Ltd’s reinsurance operations, XL Re, announced that certain of XL’s operating companies, referred to as the “Ceding Companies,” have entered into a quota share reinsurance...
Dec 28 2007 // Bermuda-based Validus Holdings, Ltd. announced that its wholly owned subsidiary Validus Reinsurance, Ltd. has entered into a collateralized quota share retrocessional reinsurance agreement with respect to certain lines of...
Dec 27 2007 // The Bermuda-based Argo Group International Holdings, Ltd. (which includes Argonaut Insurance) announced that its U.S. and Bermuda subsidiaries will be restructured to create a new organizational platform for...