All the headlines from our Bermuda Topic Page, ordered by recency.
Aug 21 2003 // Bermuda-based Trenwick Group Ltd. announced that it has filed for protection under chapter 11 of the United States Bankruptcy Code with the United States Bankruptcy Court of Delaware. The filing also includes its...
Aug 12 2003 // Bermuda-based Endurance Specialty Holdings Ltd. announced that its Bermuda subsidiary, Endurance Specialty Insurance Ltd., has hired two key leaders in excess casualty: Shannon Totten and Cotina Forth-Albuoy. The...
Aug 6 2003 // ACE Limited announced the creation of a new business unit, ACE Risk Management International, in a move to address the developing risk-financing needs of major corporations. Roger Gillett will assume the title of president...
Jul 18 2003 // Bermuda-based ACE Limited announced that Jaime Paredes will join the ACE Group of Companies next month as chairman and CEO of ACE Latin America. Klaus Gebhardt, currently executive vice president, Global Property at ACE...
Jul 8 2003 // AXIS Capital Holdings Limited announced today that as of July 7, it will provide Directors & Officers Liability Insurance and other financial lines coverages through its Bermuda-based subsidiary, AXIS Specialty...
Jul 3 2003 // Bermuda-based Montpelier Reinsurance Ltd. has concluded an arrangement with The Capital Markets division of Fleet Securities, which will provide it with a $450 million secured committed revolving letter of credit facility....
Jun 30 2003 // The Bermuda-based White Mountains Insurance Group, Ltd. announced that it has filed an unallocated universal shelf registration statement with the Securities and Exchange Commission to issue up to $2 billion of equity and...
Jun 23 2003 // Is the glass half-full, or half-empty?The classic example of identical facts dictating opposite conclusions, depending on whether you’re an optimist or a pessimist, defines the current picture in the reinsurance...
Jun 17 2003 // Arch Insurance (Bermuda), a division of Arch Reinsurance Ltd., announced that, effective June 30, 2003, they will expand their excess liability capacity from $40 million to $50 million. “This additional capacity will...
Jun 9 2003 // Is the glass half-full, or half-empty?The classic example of identical facts dictating opposite conclusions, depending on whether you’re an optimist or a pessimist, defines the current picture in the reinsurance...
May 22 2003 // A.M. Best Co. announced that it has affirmed the financial strength rating of ‘A’ (Excellent) for the Bermuda-based PXRE Group Ltd.’s reinsurance subsidiaries, but has maintained its...
May 14 2003 // Platinum Underwriters Holdings, Ltd.’s first full quarter of independent operation since its initial public offering last October got off to a good start. The company reported net income of $30.6 million, or $0.71...
May 13 2003 // Bermuda’s XL Capital Ltd announced that Mr. John Hume will relinquish his role as Chief Financial & Administrative Officer of XL Re Ltd. “to focus entirely on his responsibilities as Chief Financial...
Apr 21 2003 // Bermuda-based ACE Financial Solutions International, Ltd. announced the promotion of both Mark Lima and Simon Burton to the position of executive vice president. Both Lima and Burton will continue to report directly to...
Apr 4 2003 // XL Capital Ltd. announced that Fiona E. Luck, Executive VP of XL’s Group Operations and Assistant Secretary, has been named 2003 Insurance Woman of the Year by the Association of Professional Insurance Women (APIW)....
Apr 4 2003 // Arch Insurance (Bermuda), a division of Arch Reinsurance Ltd., announced that it has increased its general property net and treaty capacity from $25 million to $50 million. In addition the company indicated that it now has...
Mar 12 2003 // The Philadelphia-based members of ACE INA, a part of the ACE Group of Companies, announced that Dominic J. Frederico, chairman of ACE INA Holdings Inc., will be the twenty-first recipient to receive the prestigious...
Mar 6 2003 // Endurance Specialty Holdings named Thomas Bell as president of its Bermuda operating subsidiary, Endurance Specialty Insurance Ltd. (Endurance Specialty). Bell, who joined Endurance Specialty in December 2001 as executive...
Feb 27 2003 // Graham C. Pewter, former president and CEO of Commercial Risk Partners Limited, has been appointed as president and chief executive of Catlin Insurance Company Ltd. (CICL) in Bermuda. “In his new role at Catlin,...
Feb 14 2003 // Bermuda-based Max Re Capital Ltd. announced that Fitch Ratings has reaffirmed the A (Strong) rating of its principal operating subsidiaries, Max Re Ltd. and Max Re Europe Limited. The Rating Outlook is Stable. The ratings...