Bermuda-based bond insurer Assured Guaranty Ltd. yesterday completed its acquisition of Financial Security Assurance Holdings Ltd. (FSA) from Dexia SA, boosting its claims-paying ability to around $12...
July 02, 2009 11:00AM
Efforts by the US tax authorities to tighten up scrutiny of offshore hedge funds will have
Stepping up its scrutiny of offshore investing, the IRS demanded that hedge-fund and private-equity investors...
Flagstone Reinsurance Holdings Ltd. last night threw its hat in the ring in the contest to acquire its fellow Bermuda reinsurer IPC Holdings Ltd.
Flagstone is offering 2.638 shares of its stock plus $...
Bermuda Press Holdings Ltd.'s half-yearly profits fell by a third as the withdrawal of Government advertising from The Royal Gazette and the slowdown of the local economy impacted the company.
In the ...
London-based insurance and reinsurance broker RFIB Holdings Ltd. has opened a new operating unit in Bermuda.
Headed by chief executive officer Nigel Clark, a veteran of the Island's insurance industry...
The Bermuda Monetary Authority today initiated winding-up proceedings against local investment firm Emerald Financial Group (EFG).
This afternoon’s announcement by the financial regulator followed the...
Validus Holdings Ltd. says it has the support of more than half of IPC Holdings Ltd.'s shareholders to push ahead with its planned takeover of the company.
Validus will now apply to the Bermuda Suprem...
Bermuda reinsurer Validus Holdings Ltd. said yesterday it received "overwhelming" approval from shareholders to issue extra shares in connection with its attempted takeover of IPC Holdings Ltd.
At a s...
The Bermuda Monetary Authority has bolstered its global reputation by being among the first three insurance regulators to be approved to sign up to an international agreement for regulators to work to...
Bermuda-based captive insurance companies covering risks in the European Union will not be directly impacted by new EU insurance regulations, delegates at an industry conference heard yesterday.
But w...
