Bermuda announced that it has signed a bilateral agreement with the Portuguese Republic that “provides for a full exchange of information on criminal and civil tax matters between Bermuda and the Portuguese Republic. “The signing of the Tax Information Exchange …
Bermuda-based Ironshore Inc. has completed a private offering of $250 million of 8.50 percent senior notes due 2020. The notes were issued by Ironshore Holdings (U.S.) Inc., a wholly owned subsidiary of Ironshore, and are fully and unconditionally guaranteed by …
Bermuda-based Flagstone Reinsurance Holdings Limited joined a number of reinsurers with diminished results for the first quarter of 2010. The Company reported net operating income of $12.1 million, compared to $31.3 million in Q1, 2009, a 61.4 percent drop. However, …
Bermuda-based PartnerRe Ltd. reported net income of $79.7 million, or $0.85 per share on a fully diluted basis for the first quarter of 2010; the figure includes net after-tax realized and unrealized gains on investments of $110.6 million, or $1.33 …
The Bermuda-based Argo Group International Holdings released the following highlights for the quarter ended March 31, 2010: — Total revenue was $372.3 million versus $369.5 million in the year-ago quarter; — Gross written premiums were $404.5 million versus $496.1 million …
Platinum Underwriters Holdings announced that Allan C. Decleir has been named Executive Vice President and Chief Financial Officer, effective June 1, 2010, subject to the approval of the Bermuda Department of Immigration. He will succeed James A. Krantz, who will …
A.M. Best Co. has commented that the ratings of the UK’s Amlin plc and its operating subsidiaries are unchanged. This follows Amlin’s announcement that it plans to establish a reinsurance platform in Zurich, Switzerland, to underwrite reinsurance business from European …
CRC Insurance Services Inc. (CRC) – the largest wholesale insurance broker in the United States – released a memo to its customers stating that a number of CRC employees in Illinois, California and Pennsylvania resigned on May 4. CRC’s CEO …
The Bermuda-based Max Capital Group Ltd. reported net income of $36.4 million, or $0.63 per diluted share, for the quarter ended March 31, 2010, compared to net income of $44.5 million, or $0.78 per diluted share, for the quarter ended …
London-based Amlin plc, one of Lloyd’s and the UK’s best known insurers, has announced plans to establish a reinsurance company in Switzerland to serve European clients. Amlin said it believes that the company “will provide the European insurance market with …
