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Bermuda's reinsurers faced a pivotal year in 1997 as the entire industry became redefined, a new A.M. Best special report has observed. The report noted that distinctions within the Bermuda market had become increasingly vague as insurers and reinsur...

Insurance Co., Ltd. (ACE), XL Insurance Co. Ltd. (XL) and Overseas Partners Reinsurance Ltd. (OP Re). The new entity, Airline Risk Consortium, is providing catastrophe insurance cover for the airline industry, covering aviation, D&O, property and oth...

Bankers Trust Corporation has agreed to sell its insurance products business to Swiss-based RR Holding Company Ltd., which controls Rhine Reinsurance Co. Ltd. of Hamilton, Bermuda (Rhine Re) and Rhine Reinsurance Company Ltd. of Basel, Switzerland. R...

owners to the forefront -- and present possible solutions. It is being hosted by the Bermuda Small Business Development Corporation (BSBDC) at the Hamilton Princess Hotel. Scheduled for the last Monday of the month, the event is entitled: Women and E...

(Double-A-Minus) claims paying ability rating of Capital Title Reinsurance Company (Capital Title). Capital Title is a New York-domiciled title insurer that was founded in 1996 with an initial capitalisation of $25 million. The company is a wholly ow...

next week for the annual reinsurance meeting, armed with their new A.M. Best "A(minus)''(Excellent) rating and other changes they expect will be appealing. President and CEO of Stockton Re, Dan Malloy, will this year lead his firm's contingent for th...

While programmers are in hot demand globally to fix the "Millennium Bug'' or Y2K problem, a Bermuda firm is marketing a UK product that will fix it, inexpensively. Developed in the UK by Continua Systems, the Year 2000 TimeBomb Disposal Kit, is being...

Bermuda-based reinsurer PartnerRe Ltd.'s purchase of Winterthur Re for $750 million will lead to little cost cutting or job reductions, according to president and CEO Herbert Haag. He said the deal would help earnings, diversify his firm's property c...

The latest industry consolidation has Bermuda-based property catastrophe reinsurer, PartnerRe Ltd., buying the active reinsurance arm of Winterthur Insurance Co. for $750 million in cash from the Credit Suisse Group (CS). Winterthur's decision to foc...

One of Canada's largest alternative providers of long distance telephone service has incorporated here and launched a new service connecting Canadians to non-North American countries at rock-bottom rates. Based in Oakville, Ontario, The London Teleco...