All the headlines from our Bermuda Topic Page, ordered by recency.
Oct 14 2004 // Everest Re Group Ltd. announced the following executive changes at its wholly owned subsidiary, Everest Reinsurance (Bermuda) Ltd. (“Everest Bermuda”).Mark de Saram, presently CEO of Everest Bermuda’s UK...
Oct 5 2004 // Bermuda-based Endurance Specialty Holdings Ltd. reported that estimated aggregate potential claims from hurricanes Charley, Frances, Ivan, and Jeanne, net of reinsurance recoverables, reinstatement premiums, and taxes, is...
Oct 1 2004 // Aspen Insurance Holdings Limited announced from its Bermuda headquarters the next stages in the development of its corporate strategy as it expands its business in Bermuda and further diversifies its operations.“In...
Sep 22 2004 // Bermuda-based Endurance Specialty Holdings Ltd. announced that Susan J. Patschak has joined Endurance Specialty Insurance, Ltd. as the head of its Property Catastrophe Reinsurance business unit. She joins Endurance with...
Sep 16 2004 // Bermuda-based Max Re Capital Ltd. announced that its subsidiary, Max Re Ltd., has increased its product offerings by the formation of a dedicated property division. The department will provide insurance and reinsurance...
Sep 14 2004 // A.M. Best Co. has issued a report on Bermuda’s insurance and reinsurance industry, timed to coincide with the Reinsurance Rendezvous, currently being held in Monte Carlo.Best reported that in the “first six...
Sep 13 2004 // Fitch Ratings announced that it has affirmed the “A” insurer financial strength rating of the Barbados/Bermuda-based Imagine Insurance Company Limited. The rating outlook has also been raised from stable to...
Sep 1 2004 // ACE Financial Solutions International (ACE FSI), one of the ACE Group of Companies, announced the appointment of Guy Swayne to the new post of Executive Vice President. Swayne will be based in Bermuda and will be...
Aug 30 2004 // A.M. Best Co. announced that it has assigned a financial strength rating of “A-” (Excellent) to Aetna Life and Casualty (Bermuda) Ltd. (AL&C) with a stable outlook.“The rating reflects...
Jul 19 2004 // XL Capital Ltd., based in Hamilton, Bermuda, announced that Michael E. Rego and Frederick B. Hnat were appointed to new positions within its Financial Products and Services Operations.Rego was named executive vice...
Jul 14 2004 // Assurex Global Reinsurance Ltd., a captive insurance company formed by Assurex Global Partners, LLC announced the formation of a specific cell to provide critically needed risk management and insurance needs to...
Jul 5 2004 // ‘Clean Slate’ U.S. P/C Insurers Learn from Sins of Their PredecessorsIn the summer of 2001, the hard cycle had already arrived for the U.S. property/casualty marketplace. Prices were trending up as experts...
Jun 30 2004 // Fitch Ratings has issued a report on the new Bermuda Insurers (companies formed after Sept.11), which asks the rhetorical question that although they may “shine in the sun, can they handle rain?The report, The...
Jun 4 2004 // Bermuda’s ACE Limited announced the appointment of Sean Ringsted as Chief Actuary for the ACE Group of Companies, effective immediately, subject to the approval from the Bermuda Department of Labour and...
May 6 2004 // ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, announced the appointment of Lawrence Cook as Vice President, ACE Captive Solutions.“ACE Captive Solutions is a centralized unit that...
Apr 20 2004 // Bermuda-based White Mountains Insurance Group, Ltd. announced the formation of White Mountains Re Group, Ltd., a Bermuda-based holding company, and the appointment of Steven Fass as its President and CEO.White Mountains Re...
Apr 8 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) of Bermuda-based Catlin Insurance Company Ltd. (CICL) (Bermuda) and its Syndicate Rating of Lloyd’s Syndicate...
Apr 7 2004 // Bermuda-based Arch Capital Group Ltd. announced that Paul Ingrey, Chairman and CEO of reinsurance operations, has been appointed Vice Chairman of the Company through October 2007.“Mr. Ingrey came out of retirement in...
Mar 30 2004 // ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, announced the appointment of Vince McGeehan as Senior Vice President-Marketing for ACE USA Professional Risk.The division provides management...
Mar 15 2004 // A.M. Best Co. announced that it has downgraded the financial strength rating to “B+” (Very Good) from “A-” (Excellent) of Centre Solutions (Bermuda) Ltd. and its operating subsidiaries. Best also...