A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and the issuer credit rating (ICR) of “a-” of Torus Specialty Insurance Company, formerly known as Praetorian Specialty Insurance Company, and has assigned a stable outlook for …
The Bermuda-based Max Capital Group reported net income for the three months ended March 31, 2009 of $44.5 million, or $0.78 per diluted share, compared to net income of $7.7 million, or $0.13 per diluted share, for the three months …
The Bermuda-based Max Capital Group Ltd. has released a statement indicating that it believes “that recent actions by Validus Holdings, Ltd., including its announced plan to launch a highly conditional hostile stock exchange offer for IPC Holdings, Ltd., are intended …
Manchester, New Hampshire based Aspen Insurance Agency has named Patrick Martell as an account executive. Martell has held several key positions in his 20-year insurance career, most recently in a sales capacity for a local insurance agency. He previously worked …
Joseph Tracy has been named president of Travelers Inland Marine business unit. Tracy, who joined Travelers in 2006, most recently served as chief underwriting officer for the Inland Marine business unit. Prior to joining Travelers, Tracy was the head of …
Joseph Tracy has been named president of Travelers Inland Marine business unit. Tracy, who joined Travelers in 2006, most recently served as chief underwriting officer for the Inland Marine business unit. Prior to joining Travelers, Tracy was the head of …
Joseph Tracy was named president of Travelers Inland Marine business unit. Tracy, who joined Travelers in 2006, most recently served as chief underwriting officer for the Inland Marine business unit. He previously was the head of OneBeacon Insurance’s Inland Marine …
The Bermuda-based Everest Re Group reported first quarter 2009 after-tax operating income, which excludes realized capital gains and losses and gain on debt repurchase, of $106.1 million, or $1.73 per diluted share, compared to after-tax operating income of $190.6 million, …
Bermuda’s RenaissanceRe Holdings reported that its net income available to common shareholders in the first quarter of 2009 fell to $97.3 Million, or $1.57 per common share, compared to net income available to common shareholders of $137.2 million or $2.05 …
In the latest round of the fight for control of IPC Holdings, Bermuda-based Validus Holdings outlined a three-part plan to acquire IPC, which, it said, would “allow IPC shareholders to obtain the benefit of Validus’ previously announced offer notwithstanding the …
