The Barbados-based Everest Re Group, Ltd. has taken the relatively unusual step of issuing a press bulletin concerning its business relations with California workers comp insurer American All Risk Insurance Services, Inc. (AARIS). It took the action prior to a …
A.M. Best Co. announced that it has assigned a financial strength rating of “A” (Excellent) to TD Reinsurance (Barbados) Inc. with a stable outlook. “The rating reflects TD Re’s very strong and consistent operating performance, excellent capitalization and favorable liquidity …
Everest Re Group, Ltd. reported from its Barbados headquarters that first quarter 2004 after-tax operating income, which excludes realized capital gains and losses, was $151.5 million, or $2.67 per diluted share, a 45.6 percent increase compared to $104.1 million, or …
Bermuda-based Oil Insurance Limited announced that its overall 2003 performance was strong, both in terms of underwriting and investment results. The Company reported net income of $420 million. “Prior to general and administrative expenses, 2003 underwriting and investment income were …
Barbados-based Everest Re Group, Ltd. reported a fourth quarter 2003 net income increase of 119.2 percent to $121.8 million, or $2.15 per diluted share, compared to $55.6 million, or $1.08 per diluted share, in the fourth quarter of 2002. It …
The Imagine Group announced from its Barbados headquarters that it has completed the acquisition of a two-thirds equity interest in Greenwich Managing Agency at Lloyd’s. The bulletin said Greenwich would be renamed “Imagine Underwriting Limited, to reflect the change of …
Property and casualty insurer United National Group Ltd., which is based in the Cayman Islands, reported this week in a filing with the Securities and Exchange Commission that it will sell 9.75 million common Class A shares for $16 to …
A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of Energy Insurance Mutual Limited (EIM) (Bridgetown, Barbados). The rating outlook is stable. The rating reflects EIM’s excellent capitalization, historically strong operating returns and conservative leverage position. These …
Everest Re Group, Ltd. reported from the Barbados that its third quarter 2003 net income increased 38.8 percent to $100.3 million, or $1.77 per diluted share, compared to $61.3 million, or $1.19 per diluted share, in the third quarter of …
Standard & Poor’s Ratings Services announced that it has affirmed its ‘A+’ long-term counterparty credit and financial strength ratings and its ‘A-‘ subordinated debt rating on Oil Insurance Ltd. with a “negative” outlook. S&P also affirmed its ‘A-1’ short-term counterparty …
