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financing, Enterprise Reinsurance Ltd., has been initially capitalised at $100 million, with Bermuda-based CAT Ltd. as lead investor. CAT first revealed last September their interest in forming a new Class 4 insurer in response to increased client de...

business during the latter months of 1996. But it is just the start of an aggressive campaign to find more financial services products that can provide premium growth. Vice president, financial lines, David Lupica, said the company's entry into the m...

captive insurance domiciles, Bermuda market figures show. Newly-appointed chairman of the insurance industry's marketing committee, Roger Gillett, said yesterday that the industry last year increased its share of the world's new insurance incorporati...

Property catastrophe reinsurer PartnerRe has declared net income of $249.7 million ($4.50 per share) for the year to December 31, a 11.6 percent increase over the year before ($223.8 million or $3.99 per share). President and CEO Herbert Haag said, "...

Bermuda has an "excellent opportunity to become the global electronic hub for the storage, processing and dissemination of digital information'', the chairman of the Bermuda Stock Exchange has told The Institute of Directors. At the Institute's annua...

Bermuda-based reinsurer Mid Ocean Re is bracing for even more pressure on premium rates for property catastrophe business in 1997 than was experienced last year. And Mid Ocean anticipates that certain ceding companies may increase their retentions, w...

Bermuda-domiciled Inter-Ocean Reinsurance Co. Ltd., assigning the company its single-`A' claims-paying ability rating. S&P said the rating reflects considerations of the finite risk reinsurer's shareholder relationships, reinsurance, capital adequacy...

Bermuda-based cat reinsurer, RenaissanceRe Holdings Ltd. and expects its share price to shoot up to $41 by the end of the year. RenaissanceRe stock was trading at $37.25, or $1.50 higher on Friday, as Lehman Brothers said the firm's growth outlook is...

Forwarding Co. by Bermuda Forwarders last week. Many were not happy. But Bermuda Forwarders president, and sole proprietor, Toby Kempe, said about 13 of the 25 Globe staff have joined his firm. That left close to a dozen former Globe employees this w...

A scheme of arrangement has been selected in the liquidation of Bermuda Fire & Marine Insurance Co. Ltd. (BFMIC) and came into effect two weeks ago. Liquidators have considered that a payment percentage could be set within the first year of the schem...