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Bermuda property catastrophe reinsurer, CAT Ltd. for $711 million in cash, subject to regulatory approvals and certain post-closing adjustments. The latest deal, brings the ACE group to assets of more than $7 billion, including the assets of ACE USA ...

"inappropriate'' and "grossly improper''. That position was taken before the Privy Council in London adjourned to consider a ruling in the EMLICO dispute. The Privy Council was hearing an appeal over three days this week brought by EMLICO reinsurer, ...

accusing London reinsurers of seriously impeding the efficient winding up of the insolvent insurer by their conduct in litigation over a Superfund site. They have moved their lawsuit against London reinsurers from state to federal court, and are now ...

(Bermuda) Ltd. is back. And they are aiming to wipe out their bank debt by the end of the fiscal year. The firm said it is now in a healthy state and has re-established relations with the franchise's head office, Tricon International, after what was ...

On the eve of an ambitious scheme to begin publishing its weekly newspaper twice-weekly, Island Press (Holdings) Ltd. has again declared a net loss for the year. The annual results for the year to September 30, 1997 are being released this month, nea...

what Bermuda executives have been speculating about for some time -- a new acquisition target. It is believed that the burgeoning Bermuda insurer, as early as today, could announce they have bought their second Bermuda `cat' reinsurer, CAT Ltd., or, ...

opportunity to study the legislative result of the decision announced in the UK Chancellor of the Exchequer's new budget which would retrospectively tax offshore trusts that had previously escaped taxation. The Chancellor has announced the planned re...

Bermuda is a well-wired "information Island'', the world's premier offshore financial centre and user-friendly in terms of regulation, leading mutual fund officials were told yesterday at a Bermuda-sponsored breakfast meeting in Florida. About 120 at...

Bermudians seeking an opportunity in insurance study received a boost from a $100,000 gift from a company that is not even domiciled here and is not even an insurer. The Bermuda Foundation for Insurance Studies (BFIS) received the major donation from...

The insurance and reinsurance operations at Hurst Holme on Trott Road in Hamilton, long known as Sphere Drake Underwriting Management (Bermuda) Ltd. (SDUMBL) officially began trading as Odyssey Re Bermuda yesterday. SDUMBL was Sphere Drake Ltd.'s Ber...