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Energy insurers are writing business dangerously at a underwriting loss, a top executive has warned. And reinsurers are contributing to the problem with a flood of cheap reinsurance. In a year of expected underwriting losses for energy insurers, prem...

Bermuda is the latest acquisition target of Mutual Risk Management Ltd. (MRM), pending regulatory approval. Bermuda-based MRM said last night it agreed to buy International Advisory Services (IAS) group of companies for an undisclosed price. IAS subs...

largest international reinsurers for an undisclosed price. Gerling Global Reinsurance Corp. of Cologne, Germany, said its acquisition of American-owned Rex Re concludes an agreement announced in July. Gerling Global, together with US subsidiary Gerli...

Government officials hope to keep abreast of new developments after US President Bill Clinton was urged to void a controversial 20-year old aviation treaty between the US and the UK that regulates Bermuda air traffic. The `Bermuda Two' agreement, sig...

New listing regulations just announced by the Bermuda Stock Exchange (BSX) will establish the BSX as the world's leading insurance stock market and promise to attract huge interest in the insurance securitisation market. New insurance guidelines incl...

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...