Bermuda News

Renaissance Re Upgraded by A.M. Best

A.M. Best announced that it had upgraded the financial strength rating of Bermuda-based Renaissance Reinsurance Ltd. and its subsidiary Renaissance...

OPL Appoints Cascio To Head OPUS Re

Mary R. Hennessy, CEO of Bermuda based Overseas Partners Ltd. announced that Michael J. Cascio, currently OPL’s Chief Underwriting Officer,...

Everest Re Acquires AFC Re

Everest Reinsurance (Bermuda) Ltd., a subsidiary of the Everest Re Group announced that it has “acquired AFC Re Ltd., a...

XL Financial Assurance Gets ‘AAA’

XL Financial Assurance (XLFA) and XL Capital Assurance Inc. (XLCA), respectively the financial guarantee reinsurance and financial guarantee subsidiaries of...

ACE Sues CIGNA Over P/C Acqusition

Bermuda based ACE Ltd. is unhappy about several aspects of its acquisition of CIGNA’s property/casualty business , and has filed...

Australia May Welcome More Captives

Some new proposals put forth by the Australian insurance industry may mean increases in the number of captive insurers choosing...