Guy Carpenter & Co., LLC, a global risk and reinsurance specialist, has agreed to buy London-based reinsurance broker Rattner Mackenzie Limited (RML) from HCC Insurance Holdings, Inc. HCC is a specialty insurance group headquartered in Houston, Texas, with offices in …
Willis, Ireland Willis Group Holdings Limited wants to change the company’s place of incorporation from Bermuda to Ireland. Shareholders will vote on the measure at a meeting in three or four months. The change also requires the approval of the …
The world’s wealthiest nations risk harming “the goose that lays the golden egg” if they overtax businesses, Bermuda’s finance minister said on Thursday, adding that her island nation had surpassed other offshore centers in meeting new tax rules. “As a …
Bermuda has concluded a comprehensive bilateral tax information exchange agreement (TIEA) with Spain, which provides for a “full exchange of information on criminal and civil tax matters.” The announcement, issued by Bermuda’s Ministry of Finance, noted that “significant benefits were …
A.M. Best Co. has assigned a financial strength rating of ‘A’ (Excellent) and an issuer credit rating of “a” to Chicago-based Starr Surplus Lines Insurance Company, a wholly owned subsidiary of Bermuda-based Starr Insurance & Reinsurance Limited and an indirect …
Torus, a global specialty insurer, has established Torus (Bermuda) Services Ltd. as a Managing General Agent (MGA) in Bermuda for Torus Insurance (UK) Limited, to “provide enhanced service to its customers, increase the depth of current product offerings and expand …
Ironshore Inc. will be expanding its distribution network by establishing regional offices throughout the United States. Steven England has been appointed executive vice president of Ironshore Insurance Services, responsible for overseeing Ironshore’s U.S. Field Operations. Ironshore Insurance Services has opened …
The Dublin International Insurance & Management Association (DIMA), the representative body for the international re/insurance industry in Ireland, has announced “another record year of premium income growth,” despite the serious economic effects of the current recession on the overall Irish …
Bermuda-based PartnerRe Ltd. announced that it has entered into definitive agreements amending the acquisition structure of PARIS RE Holdings Limited (Euronext:PRI), the French-listed, Swiss-based diversified reinsurer that it’s in the process of acquiring [See IJ web site – https://www.insurancejournal.com/news/international/2009/07/06/101953.htm.] PartnerRe …
PGI Commercial, headquartered in New Jersey, has introduced a hospitality insurance program in Illinois on an admitted basis. Coverage is provided by member companies of American Safety Insurance Group, which carry an “A” (Excellent) VIII rating by A.M. Best. The …
