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The deal includes Validus Reinsurance Ltd and its consolidated subsidiaries, AlphaCat Managers Ltd, and all renewal rights to the Assumed Reinsurance Treaty Unit of Talbot

The company said it intends to use net proceeds from the offering to make capital contributions to its insurance and reinsurance operating subsidiaries

The chair of the St David’s historical society is concerned that a historically significant part of the island could again be disrespected

Revised guidance for public consultation is being released in the weeks ahead, followed by final deliberations by the FATF plenary early in the new year

Twenty-five hundred shares in the bank changed hands on the Bermuda Stock Exchange, with the stock closing at $24.60, down $1.90

The result for the Bermudian-based (re)insurer is a staggering increase year-over-year

The ratings reflect its balance sheet strength, adequate operating performance, neutral business profile and appropriate enterprise risk management

Insurance industry veterans Christine Dandridge and Matthew J Adams take the number of directors up to 11

The upgraded companies are Talcott's connecticut-based companies

The industry veteran is to succeed Nikolaus von Bomhard in the post effective January 1