June 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 Bermuda since 1963, …
June 25, 2010
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Bermuda-based Argo Re Ltd. and its subsidiaries. Best also affirmed the ICR of “bbb” and debt ratings of the …
June 24, 2010
The Bermuda-based Catlin Group Limited has announced the resignation of Michael Harper from the Group’s Board of Directors effective July 1st, 2010 “due to the demands of his other commitments. He was appointed as Senior Independent Director of Catlin in …
June 22, 2010
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of the Bermuda-based Through Transport Mutual Insurance Association Limited (TTB) and its subsidiary, the UK-based TT Club Mutual Insurance Limited (TTI), …
June 18, 2010
Avoca Insurance Holdings has established Manchester Specialty Programs Inc. (MSP) as a national programs platform. William D. Thompson has been named president and CEO of the organization. Thompson is directly responsible for the development and management of all program business. …
June 18, 2010
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings of “aa-” of the Bermuda-based PartnerRe Group and its members. Best also affirmed the ICR of “a-” and debt ratings of PartnerRe’s parent, …
June 18, 2010
Florida officials have agreed to allow Bermuda-based reinsurer XL Re Ltd. to participate in Florida’s insurance marketplace under rules calling for reduced collateral. According to the Florida Office of Insurance Regulation (OIR), XL is the first Bermuda reinsurer approved to …
June 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 ratings reflect the “enhancement received from the implicit support …
June 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 “broadest possible coverage for directors and officers where …
June 11, 2010
The board of the Federation of European Risk Management Associations (FERMA) elected two new vice-presidents at its meeting in Brussels on June 9: former chairman of the UK’s Airmic Julia Graham, Chief Risk Officer of law firm DLA Piper UK, …