3081 results returned for search: "" category "International Business"
Fitch Ratings has noted improvements in XL Group’s capital position and affirmed the insurer financial strength rating of A of its operating subsidiaries.
The Ireland-domiciled business insurer, which has substantial operations in Bermuda, has “solid...
DATE: Jan 24, 2011
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CATEGORY:
International Business
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WASHINGTON (AP) - Government auditors say taxpayers might be repaid in full for the bailout of insurance giant American International Group Inc. (AIG).
The Government Accountability Office said in a report issued on Thursday that the final cost of th...
DATE: Jan 24, 2011
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CATEGORY:
International Business
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Bermuda-domiciled investment bank Lazard Ltd has hired former British Cabinet Minister Peter Mandelson as a senior adviser.
Lord Mandelson, who now sits in the House of Lords, held four different Cabinet posts under the governments of Tony Blair and ...
DATE: Jan 24, 2011
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CATEGORY:
International Business
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NEW YORK (Reuters) - The Lloyd’s of London insurance market keeps a close eye on competition from Bermudian reinsurers, but is more focused on the challenge coming from Switzerland, the market’s chief executive said.
In an interview at the market’s U...
DATE: Jan 21, 2011
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CATEGORY:
International Business
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Bermuda's re/insurance market remains strong and - despite the challenges of the current highly competitive market - should be well placed to capitalise on a future upturn.
That is the view of Fitch Ratings, which yesterday published its “Bermuda 201...
DATE: Jan 20, 2011
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CATEGORY:
International Business
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Insured losses from the recent flooding in Australia could top $6 billion, and earnings estimates for Bermudian reinsurers are at risk as a result, Barclays Capital said yesterday.
Barclays analyst Jay Gelb cited early estimates for $4 billion of los...
DATE: Jan 20, 2011
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CATEGORY:
International Business
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Bermuda reinsurer RenaissanceRe Holdings Ltd’s insurer financial strength rating has been upgraded to A+ from A by Fitch.
The credit rating agency said the upgrade reflected RenRe’s continued strong leading position in the property/catastrophe reinsu...
DATE: Jan 20, 2011
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CATEGORY:
International Business
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Bermuda-based re/insurer Catlin Group Ltd. has announced the purchase of Blue Ridge Insurance Company (BRIC) from QBE Insurance Group (QBE).
BRIC is a Wisconsin-domiciled admitted insurer and a wholly-owned subsidiary of General Casualty Company of W...
DATE: Jan 19, 2011
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CATEGORY:
International Business
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Bermuda-based Catalina Holdings (Bermuda) Ltd is already seeking further potential new purchases after announcing an agreement to acquire Glacier Re last week.
So says Chris Fagan, chief executive officer of the five-year-old company that specialises...
DATE: Jan 18, 2011
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CATEGORY:
International Business
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Krys Global, which operates in Bermuda, has been awarded the 2010 Corporate INTL Legal Awards for White Collar Law and International/Cross Border Law in the Cayman Islands.
“We are honoured to have won these awards.” said company founder and CEO Kenn...
DATE: Jan 18, 2011
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CATEGORY:
International Business
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