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subsidiary, Underwriters Reinsurance Co. from owners that included XL Insurance Co. Ltd. Venton is a holding company which conducts global insurance and reinsurance business with operations here, and in London. Underwriters Re paid cash, Alleghany st...

Another Bermuda cat reinsurer, IPC Holdings, Ltd., has reported profit declines as a result of hurricane losses. The parent of IPC Re Ltd. saw net income drop nearly 56.5 percent to $11.1 million for the quarter ended September 30 (1997: $25.5 millio...

of its Bermuda domicile, an insurance rating agency has said. Bermuda reinsurer AFC Re Ltd. has obtained an AM Best Co. rating of B (Very Good), a reflection of the strong capitalisation of $100 million and the commitment and support of its parent co...

Bermuda-based reinsurer, LaSalle Re Holdings Ltd., was hard hit by Hurricane Georges and expects to declare a fourth quarter loss. But LaSalle Re appeared to remain on course for a profitable year end result. The company, which writes mostly property...

After a successful first year of operations, Bermuda reinsurer Latin American Re (LARe), is expanding its horizons. The Class 3 company, which last month won an initial AM Best Co. rating of "A-'' (Excellent), was opened to concentrate on writing mai...

The future success of the Bermuda insurance industry will depend on its ability to develop and attract top quality personnel, the latest graduating class of mostly market professionals was told. The director of education and training at the Bermuda I...

The concept of a bonded warehouse at Ship's Wharf would significantly help car importers, according to one who has paid millions of dollars in duty for cars he hasn't yet sold. HW&P managing director Don MacKenzie concedes he's thought about the issu...

building for the consolidation of the firm's operations. The closing date for acquisition of the new building on Dundonald Street is pending, and the company intends to have the various divisions moved in early in the new year. Chairman Donald Lines ...

events this year, an insurance executive said this week. Exel Ltd. senior vice president Gavin Arton noted that while none of the Bermuda companies will face severe losses as a result, third quarter losses could be one of the top claims-producing qua...

Budget over-runs and a drop in earnings from new home buyers are not expected to significantly lower income for the first six months for realtor and mortgage company, Bermuda Home Ltd. off the level of profits of the same period last year. In fact, r...