Latest Bermuda Headlines
All the headlines from our Bermuda Topic Page, ordered by recency.
Association of Bermuda Insurers, Reinsurers Elects Officers for 2010-11
Dec 7 2009 // The Association of Bermuda Insurers and Reinsurers (ABIR) has elected a new slate of officers for the 2010 and 2011 term. The bulletin said that, as of the beginning of the new year, “Michael Butt, Chairman of the...
Ratings Roundup: Bison, Queen’s Island
Nov 24 2009 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Bermuda-based Bison Insurance Company Limited, both with stable outlooks. “The...
People
Nov 15 2009 // Alan Ring has joined National Contractors Insurance Co., Inc. (NCIC), a risk retention group, headquartered in Big Fork, Montana, as director of sales and marketing. Ring will be based in NCIC’s Anaheim Hills,...
People
Nov 15 2009 // Alan Ring joined National Contractors Insurance Co. Inc. (NCIC), a risk retention group, headquartered in Big Fork, Mont., as director of sales and marketing. Prior to joining NCIC, Ring was a regional manager for...
Best Upgrades Hannover Re (Bermuda) Credit Rating; Affirms ‘A’ Financial Rating
Nov 12 2009 // A.M. Best Co. has upgraded the issuer credit rating (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) of Hannover Re (Bermuda) Ltd. with stable...
Bermuda Monetary Authority Joins Insurance Supervisors Exec. Committee
Nov 5 2009 // The Bermuda Monetary Authority has been appointed as a member of the Executive Committee of the International Association of Insurance Supervisors (IAIS) after a vote taken at the IAIS’s recent annual General Meeting...
People
Nov 1 2009 // Eagan Insurance Agency, based in Metairie, La., has added six insurance professionals to its staff. Joining the family business are Andrew Eagan and David Strassel, both members of the fifth generation of the Eagan family...
Bermuda Monetary Authority Reviews UK’s Offshore Financial Center Report
Oct 30 2009 // The Bermuda Monetary Authority has reacted favorably to recommendations listed in the recently published “Foot Report,” which examines the role of offshore British financial centers, and their relation to the...
Best Affirms Hiscox Operating Companies ‘A’ Ratings; Outlook Stable
Oct 30 2009 // A.M. Best Co. has affirmed the financial strength ratings (FSRs) of ‘A’ (Excellent) and issuer credit ratings (ICRs) of “a” of Hiscox Insurance Company (Bermuda) Limited, the UK-based Hiscox...
Ironshore Expands Property Division at Lloyd’s, Bermuda
Oct 22 2009 // Bermuda-based Ironshore Inc. announced today that it has gained approval to write direct and facultative property business on behalf of its Pembroke Lloyd’s Syndicate effective October 1, 2009. The Pembroke team will...
Coleman, Todd to Lead New Ironshore Property Businesses
Oct 21 2009 // Ironshore Inc. has named Rod Todd as head of its newly established Lloyd’s Property Operation, and promoted Peter Coleman to head of Ironshore’s Bermuda property operations. Todd has extensive experience in the...
Bermuda Signs Tax Deal w/ Mexico
Oct 19 2009 // Bermuda’s Minister of Finance Paula A. Cox announced that it has signed a bilateral agreement with Mexico that provides for a full exchange of information on criminal and civil tax matters between Bermuda and...
Willis Re in Global Reorganization
Oct 14 2009 // Willis Re, the reinsurance arm of global insurance broker Willis Group Holdings Limited, has announced a series of management changes and a new organizational structure “designed to respond to the evolving...
Ratings Recap: Singapore Re, AGF, Ansvar, White Mountains Re, Oriental, Jupiter
Oct 13 2009 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Singapore Reinsurance Corporation Limited, both with stable outlooks. The ratings...
Taylor Moves to Non-Executive Chairman of Montpelier Re Holdings
Oct 8 2009 // Bermuda-based Montpelier Re Holdings Ltd. announced that Anthony Taylor will continue to serve as Chairman of the Board of Directors of the Company in a Non-Executive capacity effective January 1 following expiration of...
London: International Insurance Center
Oct 5 2009 // Systems Changes, Technology, Talent Pool Position London Market for the Future London’s insurance market comprises general carriers, specialty carriers, reinsurers, brokers, underwriters, claims handlers, lawyers,...
London: International Insurance Center
Oct 5 2009 // Systems Changes, Technology, Talent Pool Position London Market for the Future London’s insurance market comprises general carriers, specialty carriers, reinsurers, brokers, underwriters, claims handlers, lawyers,...
Bermuda Finance Chief Warns Nations of Risk of Overtaxing Business
Oct 2 2009 // The world’s wealthiest nations risk harming “the goose that lays the golden egg” if they overtax businesses, Bermuda’s finance minister said on Thursday, adding that her island nation had surpassed...
Bermuda Concludes Tax Information Exchange Agreement with Spain
Oct 1 2009 // Bermuda has concluded a comprehensive bilateral tax information exchange agreement (TIEA) with Spain, which provides for a “full exchange of information on criminal and civil tax matters.” The announcement,...
Torus Opens New Managing General Agency in Bermuda
Sep 30 2009 // Torus, a global specialty insurer, has established Torus (Bermuda) Services Ltd. as a Managing General Agent (MGA) in Bermuda for Torus Insurance (UK) Limited, to “provide enhanced service to its customers, increase...
