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Bermuda-domiciled Inter-Ocean Reinsurance Co. Ltd., assigning the company its single-`A' claims-paying ability rating. S&P said the rating reflects considerations of the finite risk reinsurer's shareholder relationships, reinsurance, capital adequacy...

Bermuda-based cat reinsurer, RenaissanceRe Holdings Ltd. and expects its share price to shoot up to $41 by the end of the year. RenaissanceRe stock was trading at $37.25, or $1.50 higher on Friday, as Lehman Brothers said the firm's growth outlook is...

Forwarding Co. by Bermuda Forwarders last week. Many were not happy. But Bermuda Forwarders president, and sole proprietor, Toby Kempe, said about 13 of the 25 Globe staff have joined his firm. That left close to a dozen former Globe employees this w...

Lawyers yesterday differed over the importance of a UK Court of Appeal judgement handed down on Tuesday and the implications for the dispute concerning the collapse of Bermuda-domiciled Electric Mutual Liability Insurance Company (EMLICO). The group ...

A scheme of arrangement has been selected in the liquidation of Bermuda Fire & Marine Insurance Co. Ltd. (BFMIC) and came into effect two weeks ago. Liquidators have considered that a payment percentage could be set within the first year of the schem...

Liquidators in one of Bermuda's largest insurance and reinsurance insolvencies are writing cheques again, paying out a further $20 million, or an additional five cents on the dollar. It will bring the total to 68 cents on the dollar, or $283 million,...

is importing a new boss to oversee operations and some 400 staff. An announcement is expected today. The staff of the BTC Group of Companies were being told this week that the new CEO is Lorraine Lyle, who was last posted in the Yukon at Northwestel ...

LaSalle Re Holdings Ltd. has reported first quarter net income to December 31 of $28,047,000, down slightly from $29,400,000 in the first quarter the year before. Earnings per share were $1.16, compared to $1.23 for the comparative period. Net premiu...

first quarter net income of $23.3 million (93 cents a share) to December 31, improved from $22.7 million (99 cents a share) a year ago. Bermuda-based GCR Holdings Ltd. provides property catastrophe, property risk excess-of-loss, property pro rata, ma...

Hundreds of unregulated financial services companies are operating in Bermuda, the AGM of the International Companies Division (ICD) of the Chamber of Commerce was told at the Princess Hotel yesterday by outgoing chairman Anthony Goodfellow. And Mr. ...