Latest Bermuda Headlines
All the headlines from our Bermuda Topic Page, ordered by recency.
ACE INA’s Dominic Frederico to Receive 2003 Franklin Award From Philadelphia CPCU Society
Mar 12 2003 // The Philadelphia-based members of ACE INA, a part of the ACE Group of Companies, announced that Dominic J. Frederico, chairman of ACE INA Holdings Inc., will be the twenty-first recipient to receive the prestigious...
Endurance Specialty Holdings Names Bell Pres. of Bermuda Subsidiary
Mar 6 2003 // Endurance Specialty Holdings named Thomas Bell as president of its Bermuda operating subsidiary, Endurance Specialty Insurance Ltd. (Endurance Specialty). Bell, who joined Endurance Specialty in December 2001 as executive...
Graham Pewter Appointed President and CEO of Catlin, Bermuda
Feb 27 2003 // Graham C. Pewter, former president and CEO of Commercial Risk Partners Limited, has been appointed as president and chief executive of Catlin Insurance Company Ltd. (CICL) in Bermuda. “In his new role at Catlin,...
Fitch Reaffirms ‘A’ Rating for Max Re
Feb 14 2003 // Bermuda-based Max Re Capital Ltd. announced that Fitch Ratings has reaffirmed the A (Strong) rating of its principal operating subsidiaries, Max Re Ltd. and Max Re Europe Limited. The Rating Outlook is Stable. The ratings...
Max Re Capital Names Bernard W. Anckner and Michael S. Morgan to Complete EGL Team
Feb 11 2003 // Bermuda’s Max Re Capital Ltd. announced that its subsidiary, Max Re Ltd., has named Bernard W. Anckner and Michael S. Morgan as Senior Vice Presidents-Underwriters, completing the core of its new Excess General...
SCOR Sets Agenda for “Back on Track” Plan; May Sell Bermuda Operation
Jan 23 2003 // Denis Kessler, who recently took over as the head of France’s SCOR Group, revealed additional measures to implement his “Back on track Plan” for the company at yesterday’s Board of Directors...
A.M. Best Affirms A+ (Superior) Rating of PartnerRe Group
Jan 23 2003 // A.M. Best Co. has affirmed the group financial strength rating of A+ (Superior) of Bermuda-based PartnerRe Group and its core subsidiaries, Partner Reinsurance Company Ltd. (Bermuda), Partner Reinsurance Company of the...
ACE INA to Support Philadelphia Dance Company
Jan 13 2003 // The Philadelphia Dance Company (PHILADANCO) announced that it has received financial support from the ACE Group of insurance and reinsurance companies through the ACE INA Foundation, which is based in the city. The...
Bermuda Insurers Join Inreon Reinsurance Trading Platform
Dec 20 2002 // Inreon, the Internet trading platform for reinsurers and intermediaries founded by Munich Re and Swiss Re, announced that a “growing number of global reinsurance groups, including new Bermuda start-ups, have...
Allied World Assurance Holdings Opens Irish Subsidiary in Dublin
Oct 29 2002 // Bermuda-based Allied World Assurance Holdings, Ltd. announced that the company has been granted a license to operate in Ireland and has commenced business with the opening of a new office in Dublin. The bulletin explained...
Reinsurance Market Tries to Reel In Profits
Oct 28 2002 // A year ago the reinsurance industry faced the biggest loss event in its history – the attacks on the WTC and the Pentagon. Nevertheless, commentators were almost unanimous in predicting that the market would harden,...
Reinsurance Market Tries to Reel In Profits
Oct 28 2002 // A year ago the reinsurance industry faced the biggest loss event in its history – the attacks on the WTC and the Pentagon. Nevertheless commentators were almost unanimous in predicting that the market would harden,...
XL Estimates European Flood Losses at $50 Million, Investment Downturn to Affect Earnings
Oct 15 2002 // XL Capital Ltd. led off the Bermuda Angle Conference at the Fairmount Southampton Princess Hotel in Bermuda with the announcement that the company’s 3rd quarter earnings would be hit by an estimated net loss from the...
Bermuda Angle Conference Starts Saturday
Oct 9 2002 // The 11th annual Bermuda Angle Conference is scheduled to be held at the South Hampton Princess Hotel in Hamilton beginning Saturday, October 12 until Tuesday, October 15. It opens with a reception hosted by ACE Ltd. and a...
Allied World Announces Two Executive Appointments
Oct 9 2002 // Bermuda-based Allied World Assurance Company, Ltd (AWAC) announced that Gerald W. Browning has joined the company as a VP, responsible for the Casualty Facultative Reinsurance Department, and that Sylvan D. Richards Jr....
RenRe to Buy Nearly 4 million Shares of Platinum Underwriters
Sep 23 2002 // Bermuda-based RenaissanceRe Holdings Ltd. announced that it has reached an agreement with Platinum Underwriters Holdings, Ltd. to purchase 3,960,000 of its common shares in a private placement Platinum was established in...
ACE CEO Criticizes Offshore Tax Avoidance Schemes
Sep 12 2002 // Brian Duperreault, CEO of Bermuda’s ACE Ltd., spoke out strongly against U.S. companies that relocate their domicile to the island to avoid taxes, indicating that accepting them could damage Bermuda’s...
Endurance Specialty Reports 2ndQ Net Income of $31.3M
Aug 13 2002 // Bermuda-based Endurance Specialty Insurance Ltd. reported net income of $31.3 million for the second quarter ended June 30, 2002. Gross premiums written and acquired for the period were $264.3 million. Net premiums earned...
Hengesbaugh Appointed President of PXRE’s Bermuda Operations
Aug 8 2002 // PXRE Group Ltd. announced that Guy D. Hengesbaugh has joined the Company as president of the Company’s Bermuda reinsurance company, PXRE Reinsurance Ltd., and executive vice president of PXRE Group. In these roles,...
Risk Retention-The Growing Role of the Alternative Market
Aug 5 2002 // How do I insure thee? Let me count the ways.” With apologies to Elizabeth Barrett Browning, that question’s become increasingly meaningful for risk managers, insurers, agents, brokers, consultants and...
