Bermuda’s Minister of Finance, the Hon. Paula A. Cox, announced that Bermuda has concluded negotiations for a bilateral agreement with the Italian Republic that will, “upon signing later this year, provide for a full exchange of information on criminal and …
According to new research commissioned by Bowring Marsh, the Specialist International Placement Broker at Marsh, the “quality of the presentation of risk information is crucial to insureds obtaining the most competitive terms from insurers.” The study, conducted by an independent …
Martha A. Lees has been named deputy superintendent and general counsel for the New York State Insurance Department. She advises the superintendent on legal matters and oversees the preparation of legal opinions, the promulgation of regulations and the management of …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Bermuda-based International General Insurance Company Limited (IGI). Best also affirmed the ICR of “bbb-” of International General Insurance Holdings Limited …
Standard & Poor’s Ratings Services said today that it affirmed its ‘BBB’ counterparty credit rating on Bermuda-based insurance and reinsurance holding company Alterra Capital Holdings Ltd., which was formerly known as Max Capital Group Ltd. S&P also said that it …
Florida’s property insurance companies haven’t suffered hurricane losses for nearly five years, but many claim to be losing money even while collecting hefty premiums. It’s a complex paradigm for almost anyone to follow. “We keep going round and round and …
Alterra Capital Holdings Limited announced the closing of a “merger of equals” between Max Capital Group Ltd. and Harbor Point Limited, following the receipt of all necessary regulatory approvals, as well as approval of the transaction by the respective shareholders …
A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit ratings (ICR) to “a” from “a-” of the operating subsidiaries of Alterra Capital Holdings Limited (formerly known as Max Capital Group …
Bermuda-based Allied World Assurance Company Holdings announced today that it has joined forces with red24™, an independent, global security consultancy firm. The tie up will enhance Allied World’s new ForceField(SM) Kidnap & Ransom/Extortion coverage. The bulletin, explained that “red24 will …
Bermuda-based PartnerRe Ltd. announced today that, Jean-Paul Montupet has been named as Chairman of its Board of Directors, following his re-election as a Director. He replaces John Rollwagen, who was also re-elected as a Director and will remain a member …
