Latest Bermuda Headlines
All the headlines from our Bermuda Topic Page, ordered by recency.
People
Feb 11 2007 // William J. Mullaney was named president of MetLife’s Institutional Business segment. He succeeds Leland C. Launer Jr., who has decided to pursue other opportunities. Mullaney most recently served as president of...
Pateras Joins Integro (Bermuda) Healthcare Professional Liability Team
Jan 31 2007 // Integro (Bermuda) Ltd. announced that Susan N. Pateras has joined the firm as a Principal in the Healthcare Practice, and will lead the Bermuda Healthcare initiative. “Ms. Pateras has more than a decade of experience...
Bermuda Monetary Authority Confirms Increased Incorporation Activity
Jan 26 2007 // A bulletin from the Bermuda Monetary Authority (BMA) confirmed that the island had “recorded a three-year high for (re)insurance company incorporations during 2006, with an almost 10 percent increase in the number of...
Bermuda Grants License to Advent Re
Jan 3 2007 // London’s Advent Capital Holdings announced that its subsidiary, Advent Re, “has received its class 3 reinsurer license from the Bermuda Monetary Authority, effective 27 December 2006.” The Company’s...
Castlewood to Buy Inter-Ocean
Jan 2 2007 // Montgomery, Ala. based Enstar Group and Bermuda’s Castlewood Holdings Limited jointly announced that Castlewood and Oceania Holdings Ltd, a wholly-owned subsidiary of Castlewood, have entered into a definitive...
New Markets
Dec 25 2006 // Accident Site and Public Response Nuts & Bolts: AIG Specialty Excess, an umbrella and excess casualty underwriting unit of the AIG Companies, announced the addition of Accident Site Advisor and PublicResponse to its...
Lloyd’s Insurers Boost U.S. Presence
Dec 25 2006 // They’ve long had the expertise. Now they have the money and the technology to go with it. A number of U.K. insurers, who started at Lloyd’s, continued to expand their U.S. presence in 2006, mainly in the...
4. Lloyd’s Insurers Boost U.S. Presence
Dec 24 2006 // They’ve long had the expertise. Now they have the money and the technology to go with it. A number of U.K. insurers, who started at Lloyd’s, continued to expand their U.S. presence in 2006, mainly in the...
New Markets
Dec 24 2006 // Accident Site and Public Response Nuts & Bolts: AIG Specialty Excess, an umbrella and excess casualty underwriting unit of the AIG Companies, announced the addition of Accident Site Advisor and PublicResponse to its...
Best Affirms Amlin (Bermuda) Ratings
Dec 22 2006 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A-” (Excellent) and the issuer credit rating (ICR) of “a-” of Amlin Bermuda Limited (ABL) with a stable outlook. “The ratings...
Best Upgrades Arch Re to ‘A’
Dec 13 2006 // 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...
Hiscox Completes Bermuda Move
Dec 13 2006 // 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...
Best Affirms Aspen (UK), Aspen Holdings (Bermuda) Ratings
Nov 26 2006 // A.M. Best Co. has affirmed the financial strength rating of “A” (Excellent) and the issuer credit rating (ICR) of “a” of Aspen Insurance UK Limited (AIUK). Best also affirmed the ICR of...
Business Moves
Nov 19 2006 // Merchants Group Inc. in Buffalo, N.Y., which sells property casualty insurance through Merchants Insurance Co. of New Hampshire, agreed to be bought by American European Group Inc., a private insurance holding company. The...
Business Moves
Nov 19 2006 // Hiscox, Bermuda Holding Company London’s Hiscox plc outlined its corporate reorganization plan. A new Bermudan domiciled holding company for the Group, Hiscox Ltd., has been established. Shareholders of Hiscox will...
Aspen Names Cusack Bermuda Insurance Chairman, CEO; Appoints 3 New Directors
Nov 3 2006 // Bermuda-based Aspen Insurance Holdings Limited has appointed Julian Cusack, currently its CFO, to the expanded role of Chairman and CEO of Aspen Insurance Limited (AIL), Bermuda. He will step down as CFO once a successor...
Cooney Resigns as Max Re Chairman/CEO, as Company Reopens Finite Re Probe
Oct 31 2006 // 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...
Aon Re Global Names Markey, Johnston to Bermuda Management Positions
Oct 30 2006 // Aon Re Global, the Chicago-based provider of reinsurance brokerage and integrated capital solutions and services of Aon Corp., has announced the appointment of Paul Markey as managing director, global market relationships,...
Hiscox Prepares Move to Bermuda Holding Company
Oct 25 2006 // London’s Hiscox plc, announced progress in its reorganization plan to establish a Bermuda-based holding company. Hiscox announced that a circular setting out full details of the corporate reorganization together with...
People
Oct 23 2006 // The Society of Chartered Property Casualty Underwriters elected new officers and governors. They are: President Betsey L. Brewer, senior vice president of The Rule Co. in Pasadena, Calif. President-Elect James L. Britt,...
