3082 results returned for search: "" category "International Business"
The financial strength rating of Sony’s Bermuda-based captive insurance company PMG Assurance Ltd has been affirmed at A (excellent) by ratings agency AM Best Co.
Best noted that PMG has changed its underwriting strategy to fully concentrate on Sony-...
DATE: Dec 24, 2010
|
CATEGORY:
International Business
|
Bermuda-based Enstar Group Ltd yesterday said it had agreed to buy Clarendon National Insurance Co from Hannover Re for $200 million.
The company, which specialises in acquiring and managing businesses that are being run off, said in a statement the ...
DATE: Dec 23, 2010
|
CATEGORY:
International Business
|
NEW YORK (Reuters) - Bailed-out insurer American International Group will pay $100 million in fines in a settlement with all 50 states over reporting errors for premiums on workers' compensation insurance.
The Pennsylvania Department of Insurance ann...
DATE: Dec 23, 2010
|
CATEGORY:
International Business
|
XL Group plc said yesterday that it has appointed Simon Rich as senior vice-president, global treasurer.
Mr Rich previously served as senior vice-president, corporate controller for the company. In his new role, he will continue to report to XL’s chi...
DATE: Dec 23, 2010
|
CATEGORY:
International Business
|
2010 has been a big year in the latest chapter of MS Frontier Reinsurance Ltd's history.
The company, which was set up in Bermuda eight years ago and is a member of the Japan-based MS & AD Insurance Group, moved into its new state-of-the-art headquar...
DATE: Dec 23, 2010
|
CATEGORY:
International Business
|
Catlin Group Ltd yesterday increased its loss estimate from September's New Zealand earthquake by $10 million to $45 million.
The global property and casualty re/insurer said it made the announcement “in view of the increased interest in this event b...
DATE: Dec 23, 2010
|
CATEGORY:
International Business
|
Flagstone Reassurance Suisse SA has had its A- financial strength rating affirmed by ratings agency AM Best Co. The outlook for all ratings of the Luxembourg-based company, which redomiciled from Bermuda, is stable.
Best said the ratings reflected Fl...
DATE: Dec 22, 2010
|
CATEGORY:
International Business
|
During a rainstorm in Washington in early 2009, amid the furore over Wall Street's post-bailout bonuses, an American International Group employee pulled out an umbrella that had the insurer's name on it.
“Somebody came by, grabbed the umbrella and br...
DATE: Dec 22, 2010
|
CATEGORY:
International Business
|
Hardy Underwriting Bermuda Ltd. director Paul Bailie has bought 30,000 shares of the re/insurer following rival Beazley’s decision to withdraw its offer for Hardy last week.
Mr Bailie, who is managing director of the Bermuda operations of Hardy, bou...
DATE: Dec 22, 2010
|
CATEGORY:
International Business
|
The Association of Bermuda Insurers and Reinsurers (ABIR) has announced its newly-elected officers who will take up their positions at the start of next year.
The new officers will each serve for a two-year term.
The incoming chair for ABIR will be C...
DATE: Dec 21, 2010
|
CATEGORY:
International Business
|
