All the headlines from our Bermuda Topic Page, ordered by recency.
Aug 18 2006 // In its recently issued global insurance report A.M. Best Co. concludes that “almost a year after three massive hurricanes—Katrina, Rita and Wilma—the global reinsurance industry is still struggling to manage its...
Jul 13 2006 // The Park Group recently announced internal appointments and changes to its management structure. According to the Group’s written statement, “these changes bring our best talent to the forefront of our...
Jul 4 2006 // EU Leaders Fiddle While Europe Burns: The crisis in the European Union, provoked when French and Dutch voters rejected the EU Constitution, is being largely ignored by Europe’s leaders. Instead of a bit of...
Jun 21 2006 // The U.K.’s Hiscox plc, a leading specialist insurer, operating in the Lloyd’s market, Bermuda and the U.S. said it “will give the following update at its Annual General Meeting,” scheduled to be...
Jun 8 2006 // The Bermuda-based Catlin Group Limited issued a general statement following the conclusion of its annual general meeting, held in Bermuda on June 6, which showed a “solid performance by the Catlin Group during the...
Jun 4 2006 // Former Tyco CEO L. Dennis Kozlowski is asking a court to force a Bermuda insurance broker to hand over documents related to whether an insurer must pay his legal bills of almost $17.8 million (euro14 million).In papers...
May 26 2006 // Specialty insurer Praetorian Financial Group said it has agreed to acquire Alea North America Specialty Insurance Company (ANASIC), an affiliate of Alea Group Holdings (Bermuda) Ltd of Hamilton, Bermuda.ANASIC is a...
May 23 2006 // Bermuda’s AXIS Capital has named Richard Housley, currently European Division President of AXIS Insurance, as President of AXIS Global Insurance. He will directly oversee all operating and underwriting activities...
May 11 2006 // A.M. Best Co. announced that it has assigned a rating of “a-” to ACE INA Holdings, Inc.’s $300 million 30-year 6.7 percent senior unsecured notes. The notes are guaranteed by ACE INA Holdings’...
May 2 2006 // A.M. Best Co. announced that it has affirmed the financial strength rating (FSR) of “A-” (Excellent) for Bermuda-based Arch Reinsurance Ltd. and its reinsured affiliates. Best has also affirmed the issuer...
Apr 21 2006 // Standard & Poor’s Ratings Services moved quickly to affirm its “A” counterparty credit and financial strength ratings on IPCRe Ltd. and its “A” financial strength rating on IPCRe Europe...
Apr 5 2006 // A.M. Best Co. announced that it has affirmed the financial strength rating (FSR) of “A” (Excellent) to Bermuda-based BF&M Limited and its operating affiliates with a stable outlook.“These rating...
Mar 27 2006 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) and assigned an issuer credit rating of “a-” to The Steamship Mutual Underwriting Association (Bermuda)...
Mar 21 2006 // Bermuda-based Montpelier Re Holdings Ltd. announced that Christopher L. Harris has been appointed Chief Underwriting & Risk Officer of the Company and of Montpelier Reinsurance Ltd. with immediate effect, subject to...
Mar 6 2006 // A.M. Best Co. has affirmed the Best’s Syndicate Rating of A (Excellent) and issuer credit rating (ICR) of “a” of Lloyd’s Syndicate 1225 (United Kingdom), which is managed by AEGIS Managing Agency...
Mar 6 2006 // Despite some premium gains during the renewal season, A.M. Best remains negative on the U.S. and Bermuda reinsurance markets. The rating agency doesn’t think there will be any rating upgrades or positive rating...
Mar 1 2006 // Following last week’s World Insurance Forum in Bermuda, Lloyd’s chairman Lord Peter Levene undertook to give his answers to some important questions in a Q&A format on the Lloyd’s Website...
Mar 1 2006 // Speaking at the World Insurance Forum in Bermuda, Hemant Shah, Risk Management Solutions CEO, warned that insurers should be preparing to increase their reserves for catastrophe losses, not only due to the unprecedented...
Feb 24 2006 // White Rock, the Aon-owned, Bermuda-based specialist in protected cell companies and rent-a-captives, has announced the addition of a segregated accounts company, White Rock Insurance (SAC) Bermuda Ltd (White Rock Bermuda),...
Feb 16 2006 // A.M. Best Co. announced that after completing an assessment of the U.S. and Bermuda reinsurance markets, it is extending its negative outlook for 2006.Best said it “anticipates that there will be few if any rating...