All the headlines from our Bermuda Topic Page, ordered by recency.
Dec 19 2007 // The Bermuda-based Catlin Group Limited announced that Catlin Insurance Company Ltd. of Bermuda has purchased coverage totaling $225 million under a catastrophe swap agreement in the event of severe US natural catastrophes...
Dec 10 2007 // Standard & Poor’s Ratings Services has raised its long-term local currency counterparty credit and insurer financial strength ratings on Thai Reinsurance Public Co. Ltd. (Thai Re) to ‘A-‘ from...
Dec 6 2007 // Standard & Poor’s Ratings Services has revised its outlook on Everest Re Group Ltd., its operating subsidiaries, Everest Reinsurance Co., Everest National Insurance Co., and Everest Reinsurance (Bermuda) Ltd.;...
Dec 5 2007 // The Board of Hardy, a major specialist Lloyd’s insurer, announced that it proposes to move the Group’s corporate domicile to Bermuda “in order to improve the Group’s strategic positioning in the...
Nov 30 2007 // According to the Association of Bermuda Insurers and Reinsurers (ABIR), International insurance and reinsurance companies based on the island employ over 9,000 Americans and indirectly generate an estimated 95,045 jobs in...
Nov 29 2007 // A.M. Best Co. has assigned a financial strength rating of ‘B++’ (Good) and an issuer credit rating of “bbb” to National Reinsurance Corporation of the Philippines (PhilNaRe) with a stable outlook....
Nov 14 2007 // Analysts from Standard & Poor’s Ratings Services have pit together an analytical report on Bermuda’s insurance and reinsurance industry, following what S&P sees as “another excellent...
Nov 13 2007 // The Hanover Insurance Group, Inc. announced that Robert P. Myron has been appointed director of corporate finance and treasurer.In this role, he will oversee the company’s corporate finance activities, including...
Nov 12 2007 // Standard & Poor’s Ratings Services has placed its ‘BBB’/’A-2’ counterparty credit rating on Marsh & McLennan Cos. (MMC) on CreditWatch with negative implications. S&P said it...
Nov 2 2007 // Standard & Poor’s Ratings Services has assigned its ‘BBB’ long-term counterparty credit and insurer financial strength ratings to Bermuda-based insurer, International General Insurance Co. Ltd. (IGI)...
Oct 29 2007 // American Safety Insurance Holdings, Ltd. (ASI) announced from its Bermuda office that it has appointed Guy Cloutier to the position of Senior Vice President of Alternative Risk Solutions and Chief Actuary of American...
Oct 29 2007 // Standard & Poor’s Ratings Services commented on an announcement by the Bermuda-based Everest Re Group Ltd. (A-/Negative/–) and related subsidiaries (collectively referred to as Everest). Following its...
Oct 24 2007 // Bermuda-based AXIS Capital Holdings Limited has extended the employment agreement of John Charman, CEO and president, to Dec. 31, 2009. AXIS Capital is a Bermuda-based global provider of specialty lines insurance and...
Oct 22 2007 // Max Bermuda, the operating company of the Max Capital Group, announced an expansion of its Dublin unit with the appointment of Michael W. Dicker as Senior Vice President – Agriculture at Max Re Europe Limited, Max...
Oct 19 2007 // Arch Insurance Bermuda announced that Terry L. Pimentel has been named President, effective January 1, 2008. He will succeed current President James J. Ansaldi, who is retiring after a “distinguished 28-year...
Oct 17 2007 // As of October first “ACE European Markets Insurance Limited and ACE European Markets Reinsurance Limited will trade under the business name of ACE Bermuda International (ABI),” said a bulletin on the ACE web...
Oct 8 2007 // An industry executive, representing a coalition of 14 large U.S.-based insurance groups, told the U.S. Senate Finance Committee late last month that a major tax advantage for certain foreign insurance groups could threaten...
Oct 8 2007 // The offshore reinsurance tax debate resurfaces in Congress againDomestic-owned insurers claim Bermuda-based companies hold an unfair tax advantage An industry executive, representing a coalition of 14 large U.S.-based...
Sep 28 2007 // At least that’s how Yogi Berra might describe it. On Sept. 25 William R. Berkley, chairman and CEO of the company of the same name, gave a detailed indictment before the Senate Finance Committee of the iniquities...
Sep 26 2007 // An industry executive, representing a coalition of 14 large U.S.-based insurance groups, told the U.S. Senate Finance Committee on Wednesday that a major tax advantage for certain foreign insurance groups could threaten...