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London Reinsurers have picked up the ball in the battle to have Electric Mutual Liability Insurance Co. (EMLICO) repatriated to Massachusetts. It comes after one of EMLICO's most vocal critics, its reinsurer Kemper Re, ended their fight suddenly by a...

appointing Steinar Kleven senior vice president, exploration and production. Mr. Kleven joins operations here in Bermuda, a key centre for the energy and mining business. In his new role, he will be responsible for Zurich Global Energy exploration an...

placement, Bermuda-based subsidiary, Stockton Re, is looking for a higher profile in the international insurance and reinsurance markets. Stockton Re's thinking under new president and CEO, Dan Malloy, is that it is time for the company to seek highe...

A Bermuda insurance executive impressed upon a largely banking audience in London the attributes of Bermuda as an innovative financial insurance market. Tony Forster, chairman and CEO of Bermuda-based merchant banking-type and financial guarantee adv...

Bermuda-based reinsurance company, Overseas Partners Ltd. (OPL), has presented another 16 Bermuda students with scholarships for the upcoming academic year -- bringing the total number of students who have benefitted from the firm's scholarship progr...

Housing completions continue to fall, but realtor and mortgage lender, Bermuda Home, provided record financing of $72.9 million (up $13.4 million) for mortgages and further charges to 421 customers for the year to March 31. It represents an increase ...

of Delaware is imminent, after receiving regulatory approval. But the company will maintain a branch in Bermuda with a Class Four licence, and will operate as a foreign permit company. A top executive said much of the operations that are currently in...

in which exchange control appears headed for complete abolition. The Bermuda Monetary Authority (BMA) has recommended to Government legislative changes that would require payments inside Bermuda to be quoted or expressed, and, ideally settled, in Ber...

Cayman Islands holding company Stockton Holdings Ltd., the parent to Bermuda-based Stockton Reinsurance Ltd., has completed a private placement of some $173,500,000. About two thirds of it represents new primary capital for Stockton Re and one third ...

The combined capital and surplus of Bermuda's Class Four insurers and reinsurers grew last year by a significant six percent to $9.4 billion. But in the prolonged period of a soft market, gross premiums written by the group decreased a modest three p...