Bermuda News

Markel Ratings, CreditWatch Revised

S&P lowered its ratings on Markel Corp. and related entities. In addition, the CreditWatch with negative implications which S&P placed...

PARTNER RE TO SELL SCOR

Bermuda-based PartnerRe has reached an agreement with France’s SCOR Group to sell its U.S. life reinsurance business, PartnerRe Life Insurance...

CPCU Goes International

The Chartered Property Casualty Underwriters Society has officially entered international waters with the induction of the new Bermuda Chapter. The...

BERMUDA BUY

American Safety Insurance Group, based in Bermuda, has purchased Trafalgar Insurance Co., an Oklahoma excess and surplus lines carrier with...

ACE Bashes Introduced Legislation

House Ways and Means Committee Members Nancy Johnson (R-Conn), Richard Neal (D-Mass) and Robert Matsui (D-Calif) have introduced legislation to...

Arrow Re Reaffirmed

The “A+” claims paying ability rating on the Bermuda-domiciled Arrow Reinsurance Company Ltd. (Arrow Re) was reaffirmed by DCR. The...

Markel Reports Record Earnings

Markel Corporation announced record earnings from core operations for the year ended December 31, 1999, while net income decreased to...