The Board of the Bermuda-based Catlin Group Limited has proposed the appointment of Kenneth Goldstein and Alton F. Irby III as Independent Non-Executive Directors of the Company. The appointments are subject to approval by shareholders at the Company’s Annual General …
The London Market in general and Lloyd’s in particular has been having an ongoing debate for the last few years over the place Bermuda-based companies occupy in the overall market. Are they basically competitors, who steal business away from London? …
Integro Ltd., a New York-based insurance brokerage and risk management firm, is forming an international insurance and reinsurance business unit based in London. The new group will offer worldwide insurance and reinsurance business capabilities for independent brokers and partners. Its …
New York-based Integro Ltd. announced the formation of an international insurance and reinsurance business unit to be based in London. The group will offer global insurance and reinsurance business capabilities for independent brokers and partners, and will be able to …
The steel sheet piles anchoring 450 feet of floodwalls on the 17th Street Canal in New Orleans are too close to underground sand, so the U.S. Army Corps of Engineers will bolster them with up to six feet of rock …
The three major rating agencies, Standard & Poor’s, A.M. Best and Fitch Ratings, have all assigned “A” ratings (Fitch was actually ‘A+’) to Lloyd’s Reinsurance Co. (China) Ltd. (LRCCL), the Lloyd’s-backed underwriting subsidiary which was recently approved by Chinese regulatory …
London is a huge city. 7,500,000 million people live within its city limits and over 14 million in the greater Metropolitan area. Sometimes bigger isn’t necessarily better. That appears to be the impetus behind the formation of the first “local …
A.M. Best Co. has affirmed the financial strength rating (FSR) of “A” (Excellent) and the issuer credit rating (ICR) of “a” of Lloyd’s of London, and the ICR of “a-” of the Society of Lloyd’s. Best also affirmed the debt …
A.M. Best Co. has assigned a financial strength rating of “A-” (Excellent) and an issuer credit rating of “a-” to German insurer Wuerttembergische Versicherung AG (WuerttVers) with a stable outlook. “The ratings reflect the company’s excellent business profile in the …
In separate bulletins A.M. Best announced that it has downgraded the financial strength rating of The Steamship Mutual Underwriting Association (Bermuda) Limited (the Club) and its UK operation Steamship London to “B++” (Good) from “A-” (Excellent) and the issuer credit …
