All the headlines from our Bermuda Topic Page, ordered by recency.
Jun 4 2007 // Titan, EastwoodTHI Holdings (Delaware) Inc., a Nationwide company, through one of its agency subsidiaries, has acquired the assets of Anaheim Hills, Calif.-based Eastwood Insurance Services Inc. for $217 million. Eastwood...
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 insurer, and they are going to be looking for somewhere to put that cash to work....
May 30 2007 // A.M Best Co. has issued a special report on the Bermuda insurance market, which, among other analyses, compares the disastrous 2005 hurricane season with the startlingly benign one in 2006.Between the two Best notes that...
May 22 2007 // A.M. Best Co. has affirmed the financial strength rating of “A” (Excellent) and the issuer credit rating (ICR) of “a+” of ACE Insurance Limited (Australia) and ACE Insurance Limited (New Zealand)...
May 22 2007 // The D. E. Shaw group announced that Darren Redhead will be joining as the chief underwriting officer of D. E. Shaw Re (Bermuda), Ltd., its recently formed Bermuda-based Class 3 reinsurance company, which focuses on the P/C...
May 22 2007 // International broker and risk management services provider Lockton has launched operations in Bermuda, which will “give its global clients and associates direct access to risk capital.” The new office will...
May 17 2007 // Bermuda? Business only. Going to hit about a dozen companies in two days with one of my favorite P&C analysts, Harry Fong of Calyon. I hope there are a decent number of insurance only buy-side analysts along for the...
May 16 2007 // Bermuda-based Validus Holdings, Ltd. has entered into a share sale agreement to acquire all of the outstanding shares of Talbot Holdings Ltd. from the institutional investors, employees and management who currently own...
May 16 2007 // Standard & Poor’s Ratings Services has assigned its “A+” long-term counterparty credit and insurer financial strength ratings to Bermuda-based marine insurer Gard P&I (Bermuda) Ltd. with a...
May 7 2007 // Stock Prices: Commercial line insurers’ stocks traded down 2 percent for the first quarter of 2007.The only company reporting significant stock gains for the first quarter was CNA Financial Corp. (NYSE:CNA) whose...
May 7 2007 // Stock Prices: Commercial line insurers’ stocks traded down 2 percent for the first quarter of 2007.The only company reporting significant stock gains for the first quarter was CNA Financial Corp. (NYSE:CNA) whose...
Apr 26 2007 // Lexington Insurance Company, a member company of American International Group, Inc. announced it has opened a property and casualty insurance underwriting office in Hamilton, Bermuda. “Establishing this new office...
Apr 23 2007 // Texas AG, Allied World Assurance settle antitrust suitA settlement has been reached in an investigation that Texas Attorney General Greg Abbott says uncovered collusion between a Bermuda-based commercial casualty insurer...
Apr 17 2007 // Bermuda’s Endurance Specialty Holdings Ltd. announced that it is the title sponsor for the “Endurance World Open Bermuda 2007 Squash Championships.” The bulletin explained that the “Men’s...
Apr 16 2007 // The Bermuda Monetary Authority, which among other things regulates the island’s insurance industry, announced that Matthew Elderfield has been appointed as the organization’s next CEO. He “brings 20 years...
Apr 11 2007 // Amlin Bermuda Ltd., Amlin’s wholly owned reinsurance business, has appointed Alun Thomas as an underwriter, reporting to Underwriting Director John Andrews. Alun joins from Aon Limited, where he was a director of...
Apr 9 2007 // Nurses RRG, Florida Nurses AssociationSophia Palmer Nurses Risk Retention Group, Inc. will offer malpractice insurance to Florida nurses in partnership with the Florida Nurses Association. The newly formed Risk Retention...
Apr 9 2007 // Argonaut, PXREArgonaut Group Inc., a specialty underwriter headquartered in San Antonio, Texas, and PXRE Group Ltd., a Bermuda-based property reinsurer, agreed to a merger under which the combined entity will do business...
Apr 5 2007 // The London Market in general and Lloyd’s in particular has been having an ongoing debate for the last few years over the place Bermuda-based companies occupy in the overall market. Are they basically competitors, who...
Mar 29 2007 // In separate bulletins A.M. Best announced that it has downgraded the financial strength rating of The Steamship Mutual Underwriting Association (Bermuda) Limited (the Club) and its UK operation Steamship London to...