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Bermuda liquidators of EMLICO (Electric Mutual Liability Insurance Co.) have told a federal judge in Massachusetts that they worked for EMLICO and its founder, General Electric Company, prior to being selected liquidators of EMLICO. EMLICO reinsurer ...

Bermuda-based Oil Casualty Insurance, Ltd. (OCIL) has declared net income of $62.1 million, and marked a seventh consecutive year of financial improvement. Total assets rose 13 percent to $521.6 million and total shareholders' equity (capital & surpl...

Bankers, insurers and captive managers are among the dozen in the Bermuda contingent attending the 1998 International Alternative Insurance Symposium at Indian Wells in California this week. The conference, which began yesterday with some 500 people ...

The James Partnership, the executive search and recruitment consultancy firm, has brought a global presence to the art of "head-hunting'' for local companies. The city firm on Reid Street is providing a service backed by the resources of 60 offices a...

A Bermuda-led initiative for a cross-border protocol in the Electric Mutual Liability Insurance Co. (EMLICO) case appears to have died, as a US federal judge declined to force mediation on Massachusetts insurance regulators and Bermuda liquidators. A...

Bermuda reinsurer, A.C.E. Capital Re Ltd., specialising primarily in financial risks. ACE Capital Re will write both traditional and custom-designed programmes covering financial guaranty, mortgage guaranty and a broad range of financial risks. It is...

found it cheaper elsewhere, have been served up a warning from XL boss Brian O'Hara, that when the excess capacity typical of today's market disappears, prices will go sky high. Especially in their original core business of excess liability insurance...

percent to $63.7 million in contrast with the 0.2 percent increase in the net operating income to $49.4 million. Total revenues increased 26 percent to $166.5 million, as gross premiums rose marginally by one percent to $261.6 million. Net premiums e...

was pulling up stakes and leaving Bermuda have been discounted by the firm. And a decision to register the insurer as a Delaware corporation was purely tax-driven, it has emerged. It was evident that there would be some corporate changes following th...

triple-`A' claims-paying ability rating from Standard & Poor's (S&P), reflecting adequate levels of hard and soft capital in combination with prudent underwriting and operating guidelines. RAM Re is a mono-line reinsurer of investment grade asset-bac...