All the headlines from our Bermuda Topic Page, ordered by recency.
Sep 24 2007 // The United States excess and surplus lines market presents opportunities that are not lost on the rest of the world. Lloyd’s is the second largest U.S. surplus lines writer with a 14 percent market share. Direct...
Sep 12 2007 // Standard & Poor’s Ratings Services has published a commentary, titled, “Bermuda Class Of 2001: Five Years On,” which examines the present state of recent Bermuda reinsurance...
Sep 6 2007 // Bermuda-based Flagstone Reinsurance Holdings Limited announced that Peter F. Watson has joined their Board of Directors. He is Vice Chairman, President and CEO of Attorneys’ Liability Assurance Society (Bermuda) Ltd....
Aug 27 2007 // A.M. Best Co. has upgraded the financial strength rating (FSR) to A (Excellent) from A- (Excellent) and issuer credit rating (ICR) to “a” from “a-” of CRC (Bermuda) Reinsurance Limited (CRC), a...
Aug 16 2007 // Standard & Poor’s Ratings Services has published a FAQ (frequently asked questions) about the Bermuda insurers’ financial strength.S&P credit analyst Thomas Upton noted that “following a year in...
Aug 13 2007 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A” (Excellent) and assigned issuer credit ratings (ICR) of “a” to Bermuda-based BF&M Limited and its operating affiliates. The...
Aug 9 2007 // The Bermuda-based Max Capital Group Ltd. announced that on August 7, 2007, Max Capital and its Bermuda operating company, Max Bermuda Ltd. “entered into a credit agreement with Bank of America, N.A....
Aug 8 2007 // The newly-formed Argo Group International Holdings, Ltd. announced the completion of its merger between Argonaut Group, Inc. and a wholly owned subsidiary of PXRE Group, Ltd. concluding the deal made earlier this year (See...
Aug 7 2007 // Bermuda-based White Mountains Re Ltd. announced that Dwight Evans has joined the organization as Executive Vice President – Global Reinsurance, subject to the approval of Bermuda’s immigration authorities. He...
Jul 23 2007 // San Antonio-based Southwest Business Corporation (SWBC) has formed a Bermuda reinsurance company, SWBC RE Ltd., the company announced.SWBC said the impetus for creating the reinsurance company stems from SWBC’s...
Jul 23 2007 // Bermuda shorted as more U.S. captives form onshore, Aon reportsBermuda’s reign as the undisputed global leader among captive domiciles is being challenged by U.S. companies that are increasingly leaning toward...
Jul 2 2007 // Lancashire Insurance Co.Lancashire Insurance Co. Ltd. gained approval to provide insurance coverage on an excess and surplus basis for properties located in South Carolina. Lancashire intends to focus primarily on coastal...
Jun 27 2007 // Bermuda’s reign as the undisputed global leader among captive domiciles is being challenged by U.S. companies that are increasingly leaning toward onshore domiciles for their captive insurance companies.That is among...
Jun 21 2007 // W. Marston (Marty) Becker, Chairman and CEO of the Bermuda-based Max Capital Group Ltd., announced that Angelo M. Guagliano, most recently Executive Vice President and Chief Underwriting Officer of Max Capital’s...
Jun 20 2007 // Standard & Poor’s Ratings Services announced that it has “affirmed its ‘BBB+’ preferred stock rating on PartnerRe Ltd.; its ‘BBB’ preferred stock ratings on ACE Ltd. and...
Jun 20 2007 // Among other industry topics Standard & Poor’s Ratings Services’ 2007 Insurance Conference, “In Pursuit of Sustainable Earnings,” held June 3-5 in New York City, discussed possible...
Jun 13 2007 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A-” (Excellent) and issuer credit ratings (ICR) of “a-” for the operating subsidiaries of Bermuda-based Glencoe Group Holdings Ltd....
Jun 8 2007 // Standard & Poor’s Ratings Services announced that it is “undertaking a review of the preference stock and other hybrid equity issues of the following seven insurers and reinsurers: ACE Ltd....
Jun 7 2007 // A.M. Best Co. has affirmed the financial strength rating of “B+” (Good) and the issuer credit rating of “bbb-” of Jordan’s Arab Orient Insurance Company with a stable outlook. The ratings...
Jun 4 2007 // The statutory surplus for property and casualty insurers is at a record $488 billion, according to the CEO of one Dallas-based regional carrier, and they are going to be looking for somewhere to put that cash to work....