Latest Bermuda Headlines
All the headlines from our Bermuda Topic Page, ordered by recency.
Lloyd’s Amlin Upbeat on 2005/2006
Jan 10 2006 // Lloyd’s insurer Amlin plc has issued a very positive assessment of its 2005 results and is equally upbeat about prospects for 2006. Amlin said it “expects that, in the absence of unforeseen circumstances, its...
S&P Assigns Lloyd’s Assessment Rating to Amlin’s Syndicate 2001
Dec 23 2005 // Standard & Poor’s Ratings Services announced that it has assigned its interactive Lloyd’s Syndicate Assessment (LSA) of ‘4’ (low dependency) to U.K.-based Amlin Underwriting – Syndicate...
Best Assigns ‘A-‘ Ratings to Bermuda Start-Up Flagstone Re
Dec 21 2005 // A.M. Best Co. announced that it has assigned a financial strength rating of “A-” (Excellent) and an issuer credit rating of “a-” to Bermuda- start-up Flagstone Reinsurance Limited, and has given the...
Best Assigns ‘A-‘ Ratings to Bermuda Start-up Lancashire
Dec 20 2005 // A.M. Best Co. announced that it has assigned a financial strength rating (FSR) of “A-” (Excellent) and an issuer credit rating (ICR) of “a-” to Bermuda-based Lancashire Insurance Company....
Best Rates U.K.’s Hiscox, Lloyd’s Syndicate, Bermuda Start-Up
Dec 19 2005 // A.M. Best Co. has announced its credit ratings on U.K. specialist and Lloyd’s insurer Hiscox plc. and its operating entities. It affirmed the financial strength rating (FSR) of “A-” (Excellent) and the...
Best Assigns Amlin’s New Bermuda Company an ‘A-‘ Rating
Dec 16 2005 // Following its affirmation of the parent company’s ratings (See previous article), A.M. Best Co. announced that it has assigned a financial strength rating of “A-” (Excellent) and an issuer credit rating...
Chubb Corp. Finalizes Sale of Bermuda Reinsurance Unit
Dec 15 2005 // The Chubb Corporation has completed the strategic transaction that created a new Bermuda-based global reinsurance company, Harbor Point Limited. Chubb has received from Harbor Point $200 million of 6 percent convertible...
Best Assigns FSR to Validus Re
Dec 13 2005 // A.M. Best Co. has assigned a financial strength rating (FSR) of A- (Excellent) and an issuer credit rating of “a-” to Validus Reinsurance Ltd. (Validus) (Bermuda). The ratings have a stable outlook. Validus...
Cash, Izard Eyed for Promotions with Endurance Following BDI Approval
Dec 12 2005 // Bermuda-based Endurance Specialty Holdings Ltd., a global provider of property and casualty insurance and reinsurance, reported that David Cash would be promoted to the position of chief underwriting officer and Daniel...
Association of Bermuda Insurers Names Kading President
Dec 8 2005 // The Association of Bermuda Insurers and Reinsurers has hired Bradley L. Kading to be its first president and executive director. Kading is a well known and respected industry leader having served for 14 years as senior...
News Briefs
Dec 4 2005 // Willis Expands in China, Latin America: In a breakthrough agreement, global insurance broker Willis Group Holdings Limited, has received written approval from the China Insurance Regulatory Commission (CIRC) to increase...
International Newsbriefs
Nov 21 2005 // New Bermuda Insurers Formed: As the proverb says: “It’s an ill wind that blows no man good.” Even Katrina, one of the “illest” winds of all time, has brought some good fortune to the...
News Briefs
Nov 20 2005 // New Bermuda Insurers Formed: As the proverb says: “It’s an ill wind that blows no man good.” Even Katrina, one of the “illest” winds of all time, has brought some good fortune to the...
Best Puts Platinum’s Reinsurance Subsidiaries Ratings Under Review/Negative
Nov 16 2005 // A.M. Best Co. announced that it has placed the financial strength rating (FSR) of “A” (Excellent) and issuer credit ratings (ICR) of “a” of the reinsurance subsidiaries of Bermuda-based Platinum...
U.K.’s Amlin to Form Bermuda Reinsurer
Nov 15 2005 // Leading Lloyd’s insurer (Syndicate 2001), Amlin Plc. announced that it is in the process of forming a new, wholly owned, Bermuda reinsurance company with an initial capitalization of $1 billion. The company is aiming...
U.K.’s Omega Underwriting to Raise $157 Million; Forming Bermuda Sub
Nov 14 2005 // The U.K.’s Omega Underwriting Holdings PLC, a leading Lloyd’s insurer (Syndicate 958), has announced plans to raise £90 million ($157 million), both to increase syndicate capacity and to support the...
Hiscox Forming Bermuda Insurer
Nov 14 2005 // Hiscox, Plc, one of the U.K.’s leading Lloyd’s and specialty insurers, announced that it’s in the process of forming a Bermuda-based subsidiary, which will “write a balanced business mix of...
Chubb to Transfer Reinsurance Business to New Bermuda Company
Oct 26 2005 // Chubb’s reinsurance business will be moving to Bermuda in a three-way transaction. The Chubb Corporation and the investment firm Stone Point Capital LLC announced the formation of Harbor Point Limited, a global...
N.Y. Gov. Hopeful Weld ‘s Insurance Chief in Massachusetts Stirred Controversy
Oct 19 2005 // As governor of Massachusetts, William Weld, a Republican who has said he wants to be governor of New York, helped turn around the state’s workers’ compensation system and introduce some competition into the...
Best Downgrades Rosemont Re Ratings; Outlook Negative
Oct 19 2005 // A.M. Best Co. announced that it has downgraded the financial strength rating (FSR) to “B” (Fair) from “A-” (Excellent) and the issuer credit rating (ICR) to “bb” from “a-” of...
