All the headlines from our Bermuda Topic Page, ordered by recency.
Dec 17 2001 // Recollections and Renewal: Looking Back at 2001 with an Eye to the FutureThis is the year that was. It is one that many people will be glad to see come to an end because the new year always brings hope—for a rebirth, for...
Dec 4 2001 // The Government of Bermuda has transferred responsibility for regulating the island’s insurance operations from the Finance Ministry to the Monetary Authority in a move seen by analysts as increasing transparency and...
Nov 27 2001 // American International Group and Chubb Corp. have joined with GS Capital Partners 2000, L.P., an investment fund managed by Goldman Sachs & Co.to establish Allied World Assurance Holdings Ltd. with a total equity...
Nov 21 2001 // Bermuda-based AXIS Specialty Ltd., the new insurance and reinsurance company established by Marsh & McLennan subsidiary MMC Capital through its Trident II L.P. fund, announced that it has begun operations with an...
Nov 21 2001 // Arch Capital Group’s Arch Reinsurance, formed in response to the WTC disasters (See IJ Website Oct.25), announced that it has closed $763 million in private equity funding arrangements with Warburg Pincus, San...
Nov 19 2001 // As the reinsurance industry gears up to replace a good portion of the capital lost in the Sept. 11 attacks, companies are seeking to place themselves in a position to profit from the expected surge in demand and resulting...
Nov 12 2001 // The reinsurance industry is gearing up to replace a good portion of the capital lost in the Sept. 11 attacks, and companies are also seeking to place themselves in a position to profit from the expected surge in demand and...
Nov 12 2001 // During the last hard market, much of corporate America wasted little time in stepping up the search for risk transfer alternatives to traditional commercial insurance. The current hard market appears to be no different if...
Nov 8 2001 // Aon Corp. and Zurich Financial Services will sponsor and partially fund, Endurance Specialty Insurance Ltd., a new Bermuda-based insurance capacity vehicle with an initial capitalization of $1.2 billion. Each of the...
Nov 5 2001 // Bermuda-based White Mountains Insurance Group joined the race for new reinsurance capacity on Friday with the announcement that it would establish a new reinsurer with an initial capital of $1 billion.The company said it...
Oct 29 2001 // If the nautical term best applied to the reinsurance industry last year this time would have been “Steady as she goes,” after the catastrophe that struck the U.S. on Sept. 11, the French term “sauve qui...
Oct 25 2001 // Arch Capital (AC) joined other Bermuda-based insurers in announcing plans to establish a new reinsurance company. Backed by the private equity firms Warburg Pincus and San Francisco’s Hillman & Friedman, Arch...
Oct 10 2001 // A number of global insurers/reinsurers have acknowledged greater exposure to claims related to the destruction of the World Trade Center, with increased estimates for the amount they expect to pay out. The total cost to...
Sep 17 2001 // A number of Bermuda-based insurers have extended their condolences to the families of victims of the terror attacks on the World Trade Center and the Pentagon. Bermuda’s two largest insurers, ACE and XL, made...
Aug 27 2001 // Bermuda’s rapidly developing offshore banking and insurance business is apparently causing problems for the island’s infrastructure which are serious enough to warrant a government study on how to limit future...
Aug 20 2001 // During the last hard market, much of corporate America wasted little time in stepping up the search for risk transfer alternatives to traditional commercial insurance. The current hard market appears to be no different if...
Jul 2 2001 // A.M. Best has assigned an initial rating of ‘A’ (Excellent) to Hannover Re subsidiary, Hannover Re (Bermuda) Ltd. Commenting on the ratings, Best’s announcement said: “The rating reflects the...
Jun 29 2001 // The Enstar Group, Inc., based in Montgomery Ala., announced plans, together with Bermuda’s Castlewood Ltd., to acquire two reinsurance companies currently in run-off.They will take over London-based River Thames...
Apr 24 2001 // First quarter results from Bermuda’s RenaissanceRe Holdings and the Everest Re Group confirmed the much anticipated upturn in reinsurance rates. RenRe posted a 21 percent increase in net operating income to $37.3...
Apr 24 2001 // Scottish Annuity & Life Holdings Ltd. announced that it’s planning on moving “its corporate and international reinsurance operations” to Bermuda” from their present location in the Cayman...