Latest Bermuda Headlines
All the headlines from our Bermuda Topic Page, ordered by recency.
Endurance Appoints Falcon as Head of Reinsurance for Latin America
Aug 30 2010 // Bermuda-based Endurance Specialty Holdings announced that Arturo E. Falcon has joined Endurance Worldwide Reinsurance to lead the expansion of Endurance’s global reinsurance portfolio in the Latin American market. He...
Hurricane Danielle Headed East of Bermuda
Aug 26 2010 // The U.S. National Hurricane Center is reporting that Hurricane Danielle is still a category two hurricane, with sustained winds of 105 miles per hour, and that it is expected to strengthen somewhat in the next 24 hours. As...
Beecher Carlson Appoints Mehta Bermuda Executive Managing Director
Aug 24 2010 // Insurance brokerage and risk management consulting firm Beecher Carlson has appointed Robin Mehta as Executive Managing Director. He joins Beecher Carlson to lead the Bermuda office operations, including its Captive...
Colin Weakens to Tropical Storm West of Bermuda
Aug 9 2010 // Tropical Storm Colin weakened to a tropical depression in the Atlantic Ocean Sunday as it passed west of Bermuda, the National Hurricane Center (NHC) said, adding the system could dissipate later in the day. Colin became...
Tropical Storm Colin Reforms, Heads for Bermuda
Aug 6 2010 // Tropical Storm Colin reformed over the Atlantic Ocean Thursday and was moving northwest on a path that could take it close to Bermuda, where authorities issued a tropical storm warning, the U.S. National Hurricane Center...
Schmidt Named CEO for Catlin Europe Reinsurance, New Switzerland Unit
Aug 3 2010 // Specialty insurer and reinsurer Catlin Group Limited has appointed Peter Schmidt as chief executive officer for European Reinsurance. He will also serve as CEO of Catlin Re Switzerland, which subject to regulatory approval...
Aon Expands Captive Consulting Capabilities in Bermuda
Jun 29 2010 // Aon Global Risk Consulting, the provider of risk advisory services of Aon Corp, announced the launch of Aon Global Risk Consulting Bermuda, as part of Aon Insurance Managers (Bermuda) Ltd. Aon noted that it has operated in...
Catlin to Establish Swiss Reinsurer
Jun 29 2010 // The Bermuda-based Catlin Group Limited has announced that it intends to form a reinsurance company in Switzerland to “significantly expand the European-based reinsurance business underwritten by the...
Ratings Roundup: Allianz (Italy), MAPFRE PRAICO, Maiden
Jun 18 2010 // A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa” of Allianz S.p.A. (Italy), both with stable outlooks. Best explained that the...
ACE Enhances Personal Assets Coverage for Individual UK Directors
Jun 15 2010 // ACE Bermuda International announced the enhancement of its CODA product, which provides personal asset protection for directors & officers in the UK, at the AIRMIC Conference. ACE explained that CODA provides the...
Bermuda Monetary Authority Launches Pilot Internal Capital Model
Jun 2 2010 // The Bermuda Monetary Authority has begun conducting a pilot of its internal capital model (ICM) review process with selected Class 4 companies, the largest commercial (re)insurers in the Bermuda market. “The ICM...
Best Affirms Hiscox USA Group’s ‘A’ Ratings; Outlook Stable
May 28 2010 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Hiscox USA Group, and its lead member, Hiscox Insurance Company Inc....
Ratings Recap: Hatherley, Attorneys Liability
May 26 2010 // A.M. Best Co. has upgraded the financial strength rating to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit rating to “a” from “a-” of Bermuda-based Hatherley...
Flagstone Re Completes Redomicile Move to Luxembourg
May 19 2010 // Flagstone Reinsurance Holdings, S.A. announced that it has completed the previously announced change in the company’s corporate domicile from Bermuda to Luxembourg [See IJ web site –...
Bermuda Signs Tax Accord with Italy
May 18 2010 // Bermuda’s Minister of Finance, the Hon. Paula A. Cox, announced that Bermuda has concluded negotiations for a bilateral agreement with the Italian Republic that will, “upon signing later this year, provide for...
Bermuda Signs Tax Accord with Portugal
May 11 2010 // Bermuda announced that it has signed a bilateral agreement with the Portuguese Republic that “provides for a full exchange of information on criminal and civil tax matters between Bermuda and the Portuguese...
Flagstone Re Q1 Operating Income Down 61.4% to $12.1 Million
May 7 2010 // Bermuda-based Flagstone Reinsurance Holdings Limited joined a number of reinsurers with diminished results for the first quarter of 2010. The Company reported net operating income of $12.1 million, compared to $31.3...
Platinum Appoints Decleir CFO; Increases Share Repurchase Program
May 6 2010 // Platinum Underwriters Holdings announced that Allan C. Decleir has been named Executive Vice President and Chief Financial Officer, effective June 1, 2010, subject to the approval of the Bermuda Department of Immigration....
Ratings Roundup: Amlin, United Barbados
May 6 2010 // A.M. Best Co. has commented that the ratings of the UK’s Amlin plc and its operating subsidiaries are unchanged. This follows Amlin’s announcement that it plans to establish a reinsurance platform in Zurich,...
UK’s Amlin to Establish European Reinsurance Company in Switzerland
May 5 2010 // London-based Amlin plc, one of Lloyd’s and the UK’s best known insurers, has announced plans to establish a reinsurance company in Switzerland to serve European clients. Amlin said it believes that the company...
