The Bermuda-based PXRE Group Ltd., a provider of reinsurance products and services to a worldwide marketplace, will release its 2006 first quarter financial results after the market close today Tuesday, May 9, 2006. The results will be closely scrutinized as …
Swiss Re announced that 50 percent of its existing shareholders have subscribed for the new shares issued pursuant to its “at-market rights offering” (See IJ Website April 27). “As a result of the substantial take-up by Swiss Re’s existing shareholders, …
Bermuda-based PartnerRe Ltd. announced that Mike Mitchard has been appointed as Chief Information Officer. He will be replacing Werner Heiz, who is retiring from the Company. He will report to Costas Miranthis, who has overall responsibility for Group IT. Mitchard …
Bermuda’s ACE Limited announced that its subsidiary, ACE INA Holdings Inc., has agreed to sell $300 million of 6.7 percent Senior Notes due May 15, 2036. The notes are fully and unconditionally guaranteed by ACE Limited. ACE said: “The net …
Swiss-based Converium recorded successful renewals of its of non-life treaties as of April 1. The Company said it “bound non-life contracts of US$ 272.2 million or 99.5 percent of the business that was up for renewal. This result is fully …
Two commercial marine continuing education seminars are scheduled May 17 in Atlanta by LIG Educational and Consulting Services Inc. of St. Petersburg, Fla. The seminars are designed to provide quality education and instruction for insurance professionals including the agent, broker, …
The sixth annual Murray Bros. Caddyshack Charity Golf Tournament will be held May 18 to 19 at the World Golf Village in St. Augustine, Fla. The event benefits the St. Vincent’s Mobile Outreach Ministry and Brave Kids. The tournament, hosted …
As expected, the state’s troubled property insurance market dominated the just-concluded session of the Florida Legislature, according to the American Insurance Association in Atlanta. The session concluded Friday night just after legislators approved a hotly debated, comprehensive property insurance measure. …
Now that the Florida Legislature has voted to extend the state’s automobile no-fault insurance law, the American Insurance Association has recommended to Governor Jeb Bush that he should use his “veto pen” on the law and allow it to sunset …
Atlanta-based Beecher Carlson, an insurance brokerage and risk management consulting firmhas acquired Eugene, Ore.-based Cramer & Giles Insurance Inc., and merged it with its Portland operation, JBL&K Risk Services. The transaction accelerates Beecher Carlson’s growth plan to expand its presence …
