All the headlines from our Bermuda Topic Page, ordered by recency.
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...
Mar 28 2007 // Lancashire Holdings Limited, which writes a diversified mix of specialty insurance lines both catastrophe and non-catastrophe from twin platforms in Bermuda and London, announced three senior management promotions, as...
Mar 26 2007 // Mercury General commemorates 10th anniversary at NYSEMercury General Corp. rang The Opening Bell at the New York Stock Exchange on Friday, March 9, 2007, to commemorate its 10th anniversary of being listed on the NYSE....
Mar 15 2007 // Argonaut Group, Inc., a specialty underwriter, and PXRE Group Ltd., a Bermuda-based property reinsurer, have agreed to a merger under which the combined entity will do business as Argo Group International Holdings...
Mar 13 2007 // The newly Bermuda-based Hiscox Ltd. announced greatly improved preliminary results for the year ended December 31, 2006, with record pretax profits of £201.1 million ($388 million) compared to £70.2 million ($135.5...
Mar 7 2007 // Bermuda-based Max Re Capital Ltd. announced that it will seek shareholder approval to change the Company’s name to Max Capital Group Ltd. at the 2007 Annual General Meeting of Shareholders (AGM) to be held on Friday,...
Feb 20 2007 // Bermuda-based Max Re Capital Ltd. announced that Walker Rainey, previously Senior VP and CFO of Max Europe Holdings Limited, has been promoted to Executive Vice President and CFO of Max Europe Holdings, effective...
Feb 12 2007 // William J. Mullaney was named president of MetLife’s Institutional Business segment. He succeeds Leland C. Launer Jr., who has decided to pursue other opportunities. Mullaney most recently served as president of...
Feb 11 2007 // William J. Mullaney was named president of MetLife’s Institutional Business segment. He succeeds Leland C. Launer Jr., who has decided to pursue other opportunities. Mullaney most recently served as president of...
Jan 31 2007 // Integro (Bermuda) Ltd. announced that Susan N. Pateras has joined the firm as a Principal in the Healthcare Practice, and will lead the Bermuda Healthcare initiative. “Ms. Pateras has more than a decade of experience...
Jan 26 2007 // A bulletin from the Bermuda Monetary Authority (BMA) confirmed that the island had “recorded a three-year high for (re)insurance company incorporations during 2006, with an almost 10 percent increase in the number of...