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catastrophe carrier, GCR Holdings Ltd., after the midnight Wednesday expiration of its tender offer arrived with owners of more than 23 million shares accepting the cash offer. EXEL said yesterday that through its wholly-owned subsidiary, EXEL Acquis...

relented and published a report that expresses criticism of the Massachusetts Division of Insurance (DOI) for allowing controversial Electric Mutual Liability Insurance Co. (EMLICO) to redomesticate, or move its domicile, from Massachusetts to Bermud...

Hamilton Rotarians were told it may constitute the most expensive single problem in human history. Industry pundits estimate that as many as 30 percent of companies will suffer severe financial consequences because they will not be fully compliant in...

competitive insurance market has led to increasing concern that brokers are wielding too much power in the industry. Concern has been expressed from both insurers and buyers about the issue, especially since the announced consolidations in the broker...

delivered a second quarter net income increase of 23 percent, to $62.9 million or $1.65 per share. It pushed its half year net income figures up to $114.9 million ($3.09 per share), from the $108.8 million ($2.95 per share) recorded for the six month...

Bermuda-based Mutual Risk Management has been lured by the growing market for offshore variable annuity and variable life insurance products, and has planned a series of initiatives to expand its financial services business. They include the formatio...

redundancies as a result of restructuring that began with the merger with Alexander & Alexander (A&A). The new structure of the Bermuda Aon affiliate is beginning to take shape, nearly five months after its parent, Aon Corp., spent a projected $1.23 ...

commissioner of insurance to, "if legally possible, bring EMLICO back to Massachusetts.'' The preliminary report from the state House of Representatives Post Audit & Oversight Bureau, also states that claims of fraud against Electric Mutual Liabilit...

The Massachusetts commissioner of insurance has been asked by the Supreme Judicial Court for documented proof that Bermuda-domiciled Electric Mutual Liability Insurance Co. (EMLICO) was still under the jurisdiction of the court, after EMLICO moved to...

A diversity deadline is looming this weekend for companies listed on the Bermuda Stock Exchange (BSX), which were required to have had 15 percent of their securities in the hands of the public by May 31. And the BSX believes that local companies list...