The possibility of locating the Ohr-O’Keefe Museum of Art back in downtown Biloxi and abandoning its storm-damaged and incomplete beachfront site designed by Frank Gehry is one of the options museum leaders are considering, but until insurance and FEMA money …
Dan Hayes began working at Purcell’s Business Products, in Campbellsville, Kentucky, in the 1970s. By 1980, he owned the business – selling office supplies, furniture, copiers and other office equipment with eight employees. A desire to “do good by our …
Insurance broker Hilb Rogal & Hobbs Co., out of Richmond, Va., has agreed to acquire Loan Protector General Agency, Inc. and Loan Protector Tracking Services, Inc., a provider of customized insurance tracking programs and lender-placed insurance products to the mortgage …
Quanta Capital Holdings Ltd. announced from Bermuda that it has appointed Mark Bridges as a director following the resignation of W. Russell Ramsey as a director of the Company. Quanta noted that “Bridges currently serves as the President of Rosemont …
Bermuda’s RenaissanceRe Holdings Ltd. has launched a public offering to sell a new series of preference shares. RenRe said it “anticipates using the net proceeds from the offering to redeem all of its outstanding 8.10 percent Series A Preference Shares …
A.M. Best Co. has upgraded the financial strength rating (FSR) to “A” (Excellent) from “A-” (Excellent) and the issuer credit ratings (ICR) to “a” from “a-” of Bermuda-based Arch Reinsurance Ltd. and its reinsured affiliates (See following article). Best also …
A.M. Best Co. has upgraded the financial strength rating (FSR) to “A” (excellent) from “A-” (Excellent) and the issuer credit rating (ICR) to “a” from “a-” of the UK-based Arch Insurance Company (Europe) Limited, and assigned both ratings a stable …
The UK-based Hiscox Limited has officially become Bermuda-based Hiscox Ltd., as shares of the redomiciled Group were admitted to trade on the London Stock Exchange yesterday, Dec. 12. Hiscox noted that “following shareholder approval at the Court Meeting and Extraordinary …
Bermuda’s AXIS Capital Holdings Limited announced that Trident II, L.P. and related entities have agreed to sell 3 million of AXIS Capital’s common shares in a block trade. AXIS said: “Citigroup Corporate and Investment Banking will be the underwriter in …
Australia’s QBE Insurance Group has agreed to purchase the Praetorian Financial Group (PFG), the US operation of Hannover Rueckversicherung AG (Hannover Re) for US$800 million, subject to regulatory approvals. QBE said the acquisition is complementary to its existing business in …
