A.M. Best Company downgraded the financial strength rating of The PHICO Group of Mechanicsburg, Pennsylvania, to B (Fair) from B++...
Bermuda News
Three Bermuda-based insurance groups, including the island’s largest insurer, ACE Limited, all posted significant earnings increases for the year’s first...
With summer just around the corner; nearby lakes and rivers are being overrun with boats and personal watercraft. The boating...
First quarter results from Bermuda’s RenaissanceRe Holdings and the Everest Re Group confirmed the much anticipated upturn in reinsurance rates....
Scottish Annuity & Life Holdings Ltd. announced that it’s planning on moving “its corporate and international reinsurance operations” to Bermuda”...
Dublin-based insurer ACE European Markets Insurance Ltd. will expand the ACE Group’s activities in the London market with the opening...
Bermuda-based international broker Stirling Cooke Brown Holdings Ltd. has named Anthony C. McCallum as the new head of its London...
Bermuda-based Mutual Risk Management Ltd. will receive a much needed capital injection of $112.5 million in the form of senior...
Insurance specialist A.M. Best’s newly published Captive Directory reports that there were 245 new captive insurance companies formed last year,...
Bermuda-based Trenwick Group Ltd., an international underwriter in specialist insurance and reinsurance coverage, has named Michael C. Watson to head...