All the headlines from our Bermuda Topic Page, ordered by recency.
Dec 12 2003 // A.M. Best Co. announced that it has upgraded the financial strength rating to B++ (Very Good) from B+ (Very Good) of Bermuda-based Through Transport Mutual Insurance Association Limited (TT Bermuda) and assigned a stable...
Dec 4 2003 // Brian M. O’Hara, President and CEO of Bermuda’s XL Capital Ltd., speaking at the Bermuda Angle Conference yesterday, announced that the company estimated 2004 earnings would be between $9.05 to $9.25 per...
Nov 3 2003 // A year ago the reinsurance world had an optimistic side most companies had survived their exposures to 9/11 and premiums were rising. A pessimistic side reflected a 25 percent decline in capacity, thus limiting new...
Nov 3 2003 // A year ago the reinsurance world had an optimistic side most companies had survived their exposures to 9/11 and premiums were rising. A pessimistic side reflected a 25 percent decline in capacity, thus limiting new...
Oct 30 2003 // Standard & Poor’s Ratings Services announced that it has affirmed the ‘AA-‘ counterparty credit and financial strength ratings on property/casualty insurer Hannover Re (Bermuda) Ltd. (HRB), with a...
Oct 22 2003 // Assurex Global, the Columbus, Ohio-based risk management and commercial insurance brokerage group, announced the formation of Assurex Global Reinsurance, Ltd., a captive insurance company, located in Bermuda, which it has...
Oct 9 2003 // The Listing Committee of the Bermuda Stock Exchange announced the approval of the listing of up to 12,246,680 Common Shares of White Mountains Insurance Group, Ltd.White Mountains was originally formed as a Delaware...
Oct 6 2003 // MBIA Inc., RenaissanceRe Holdings Ltd., Koch Financial Corporation and PartnerRe Ltd. announced that they are in discussions regarding the formation of a new Bermuda-based financial guaranty reinsurance company. The...
Oct 2 2003 // ACE Bermuda Insurance Ltd. announced the promotion of Chris Fisher to the position of senior vice president in its property department.He takes on responsibility for the management of ACE Bermuda’s global property...
Sep 30 2003 // Bermuda’s XL Capital has announced three appointments in its insurance operations. Don Baker, Hans Gmuender and Dennis Nishikawa have been named to new executive broker and client relations positions.“The new...
Sep 26 2003 // ACE Limited President and COO Evan Greenberg announced that, effective January 1, 2004, Mark Herman has been appointed as President, ACE Global Professional Lines and Andrew Kendrick has been appointed as President and CEO...
Sep 17 2003 // Standard & Poor’s has placed its ratings on Centre Solutions (Bermuda) Ltd. and related operating companies (collectively referred to as Centre) on CreditWatch with negative implications because of concerns that...
Sep 15 2003 // Bermuda-based PartnerRe Ltd. has issued a bulletin giving details on the impact of Hurricane Fabian, a Category 3 storm which hit the island on Friday, Sept. 5, 2003, with winds in excess of 140 mph (225 kmh), causing an...
Sep 12 2003 // Authorities in Bermuda have issued a bulletin assuring the rest of the world that the island’s insurance and financial enterprises remain open for business, despite extensive damages caused by the passage of...
Sep 9 2003 // California-based Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe risk, was preparing to send a reconnaissance team to Bermuda to assess the damage caused by Hurricane...
Sep 8 2003 // Hurricane Fabian, a monster of a storm, packing winds of 120 mph (192 kph), slammed full force into Bermuda on Friday night, uprooting trees, downing power lines and causing extensive structural damage. Four people were...
Sep 8 2003 // “Client, insure thyself!”Well it hasn’t quite reached that point yet, but the hard market has caused insurance buyers to commence an unprecedented search for affordable risk management solutions. Pushed...
Sep 5 2003 // The latest advisory bulletin from Miami’s National Hurricane Center warns “powerful hurricane Fabian [is] taking aim at Bermuda,” and a “hurricane warning remains in effect” for the...
Sep 5 2003 // Due to the significant number of ratings announcements released recently, the IJ offers the following summary of actions taken by the rating agencies indicated. More complete information can be obtained directly from the...
Aug 29 2003 // Alternative Re Limited, a subsidiary of Arch Capital Group Ltd., announced that as of September 1 Gavin P. Collery will join the company as President and Chief Operating Officer, based in the company’s Bermuda...