All the headlines from our Bermuda Topic Page, ordered by recency.
Jan 10 2006 // Lloyd’s insurer Amlin plc has issued a very positive assessment of its 2005 results and is equally upbeat about prospects for 2006. Amlin said it “expects that, in the absence of unforeseen circumstances, its...
Dec 23 2005 // Standard & Poor’s Ratings Services announced that it has assigned its interactive Lloyd’s Syndicate Assessment (LSA) of ‘4’ (low dependency) to U.K.-based Amlin Underwriting – Syndicate...
Dec 21 2005 // A.M. Best Co. announced that it has assigned a financial strength rating of “A-” (Excellent) and an issuer credit rating of “a-” to Bermuda- start-up Flagstone Reinsurance Limited, and has given the...
Dec 20 2005 // A.M. Best Co. announced that it has assigned a financial strength rating (FSR) of “A-” (Excellent) and an issuer credit rating (ICR) of “a-” to Bermuda-based Lancashire Insurance Company....
Dec 19 2005 // A.M. Best Co. has announced its credit ratings on U.K. specialist and Lloyd’s insurer Hiscox plc. and its operating entities. It affirmed the financial strength rating (FSR) of “A-” (Excellent) and the...
Dec 16 2005 // Following its affirmation of the parent company’s ratings (See previous article), A.M. Best Co. announced that it has assigned a financial strength rating of “A-” (Excellent) and an issuer credit rating...
Dec 15 2005 // The Chubb Corporation has completed the strategic transaction that created a new Bermuda-based global reinsurance company, Harbor Point Limited. Chubb has received from Harbor Point $200 million of 6 percent convertible...
Dec 13 2005 // A.M. Best Co. has assigned a financial strength rating (FSR) of A- (Excellent) and an issuer credit rating of “a-” to Validus Reinsurance Ltd. (Validus) (Bermuda). The ratings have a stable outlook.Validus will...
Dec 12 2005 // Bermuda-based Endurance Specialty Holdings Ltd., a global provider of property and casualty insurance and reinsurance, reported that David Cash would be promoted to the position of chief underwriting officer and Daniel...
Dec 8 2005 // The Association of Bermuda Insurers and Reinsurers has hired Bradley L. Kading to be its first president and executive director. Kading is a well known and respected industry leader having served for 14 years as senior...
Dec 4 2005 // Willis Expands in China, Latin America: In a breakthrough agreement, global insurance broker Willis Group Holdings Limited, has received written approval from the China Insurance Regulatory Commission (CIRC) to increase...
Nov 21 2005 // New Bermuda Insurers Formed: As the proverb says: “It’s an ill wind that blows no man good.” Even Katrina, one of the “illest” winds of all time, has brought some good fortune to the...
Nov 20 2005 // New Bermuda Insurers Formed: As the proverb says: “It’s an ill wind that blows no man good.” Even Katrina, one of the “illest” winds of all time, has brought some good fortune to the...
Nov 16 2005 // A.M. Best Co. announced that it has placed the financial strength rating (FSR) of “A” (Excellent) and issuer credit ratings (ICR) of “a” of the reinsurance subsidiaries of Bermuda-based Platinum...
Nov 15 2005 // Leading Lloyd’s insurer (Syndicate 2001), Amlin Plc. announced that it is in the process of forming a new, wholly owned, Bermuda reinsurance company with an initial capitalization of $1 billion. The company is aiming...
Nov 14 2005 // The U.K.’s Omega Underwriting Holdings PLC, a leading Lloyd’s insurer (Syndicate 958), has announced plans to raise £90 million ($157 million), both to increase syndicate capacity and to support the...
Nov 14 2005 // Hiscox, Plc, one of the U.K.’s leading Lloyd’s and specialty insurers, announced that it’s in the process of forming a Bermuda-based subsidiary, which will “write a balanced business mix of...
Oct 26 2005 // Chubb’s reinsurance business will be moving to Bermuda in a three-way transaction. The Chubb Corporation and the investment firm Stone Point Capital LLC announced the formation of Harbor Point Limited, a global...
Oct 19 2005 // As governor of Massachusetts, William Weld, a Republican who has said he wants to be governor of New York, helped turn around the state’s workers’ compensation system and introduce some competition into the...
Oct 19 2005 // A.M. Best Co. announced that it has downgraded the financial strength rating (FSR) to “B” (Fair) from “A-” (Excellent) and the issuer credit rating (ICR) to “bb” from “a-” of...