3261 results returned for search: "" 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
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CATEGORY:
International Business
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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
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CATEGORY:
International Business
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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
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CATEGORY:
International Business
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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
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CATEGORY:
International Business
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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
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CATEGORY:
International Business
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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
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CATEGORY:
International Business
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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
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CATEGORY:
International Business
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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
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CATEGORY:
International Business
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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
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CATEGORY:
International Business
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Two re/insurance companies were incorporated in Bermuda during November, bringing the total for the year to 30, according to the latest statisticws from the Bermuda Monetary Authority (BMA).
The BMA Monthly Registration Statistics for November reveal...
DATE: Dec 21, 2010
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CATEGORY:
International Business
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