Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders of $226.2 million, or $1.37 per diluted common share for the quarter ended September 30, 2006, compared with a net loss of $468.1 million, or $(3.32) per diluted …
ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, been selected to participate in the Massachusetts Brownfields Redevelopment Access to Capital (MassBRAC) program, which encourages the cleanup and redevelopment of brownfields properties. ACE Environmental Risk, a …
Delaying action on climate change – even by a decade or two – will take the planet into dangerous territory, a new report from the British Government warns. The Stern Review on climate change calls climate change “the greatest market …
Several taxi companies that advertise their services on the Hilton Head, S.C. resort island are not licensed by the town. That means they don’t get their insurance isn’t verified, their cars don’t go through safety inspections and there’s no guarantee …
Liberty International Underwriters (LIU), a division of Boston-based Liberty Mutual Group, has entered the Middle East with a new office in the Dubai International Financial Center (DIFC). Liberty said the new facility is “in line with LIU’s expansion strategy, entry …
Fitch Ratings announced that it has placed the “A” insurer financial strength ratings of Max Re Ltd. and its Dublin-based subsidiaries, Max Re Europe Limited and Max Insurance Europe Limited on Rating Watch Negative. Fitch also placed the “A-” Issuer …
Bermuda-based Max Re Capital Ltd. announced that its Audit and Risk Management Committee has “reopened its previously announced internal investigation with respect to two of the three contracts originally in question and has contacted the Securities and Exchange Commission. The …
“During the past 10 years, the Canadian automobile insurance industry’s underwriting results have changed dramatically as reflected by the significant variations in the direct loss ratio,” concludes a special report on the industry from A.M. Best Co. “From 1996 to …
Quanta Capital Holdings Ltd. announced that it has entered into a new credit facility with ING Bank N.V., London Branch, as Mandated Lead Arranger, and a syndicate of lenders. “The primary use of the new facility is to support the …
A.M. Best Co. has commented that the ratings of Bermuda-based Catlin Group Limited (Catlin), Catlin Insurance Company Limited (CICL), also based in Bermuda, and the U.K.-based Catlin Insurance Company (UK) Ltd. remain under review with negative implications following the announcement …
