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AM Best Co. has assigned a financial strength rating of A+ (Superior) and an issuer credit rating (ICR) of "aa-" to ACE Tempest Life Reinsurance Ltd. The outlook for both ratings is stable.
ACE Tempest Life Re is a wholly owned subsidiary of Bermuda-...
DATE: Dec 03, 2004
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(Bloomberg) Eliot Spitzer is a hero for turning over the stones in corporate America and stamping on the wriggly things crawling in the dark. Yet, economic history may judge the New York attorney general as more of a bane than a boon.
The unintended...
DATE: Dec 03, 2004
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The recently signed American Jobs Creation Act of 2004 contains a number of provisions that affect United States citizens residing outside the United States.
Significant changes have been made to the foreign tax credit law, effective in calendar year...
DATE: Dec 03, 2004
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Montpelier Re Holdings Ltd.'s Chairman, President & CEO, Anthony Taylor, has been named 'Outstanding Achiever of the Year' at the 2004 Insurance Day Awards.
Jon Guy, Editor-in-Chief of 'Insurance Day', said: "Anthony has impressed our judges and the ...
DATE: Dec 03, 2004
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The Royal Gazette/Bermuda Stock Exchange yesterday remained unchanged at 3,173.89 points.
Butterfield Bank saw 450 shares trade but there was no change to the share price which stood at $40.80.
Argus Insurance investors bought and sold 5,000 shares a...
DATE: Dec 03, 2004
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Prices for Internet service came tumbling down across the sector late this week with the island?s three other ISP?s duplicating significant price cuts announced by Logic Communications on Tuesday.
While fbkNet COO Allison Thomas said his company woul...
DATE: Dec 03, 2004
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Former health minister Nelson Bascome has introduced a rooftop water filter to the local market that he says can offer filtration before water enters the tank.
The Honae 3 Way Water Filter is the brainchild of Robert Smith. Several years ago when cle...
DATE: Dec 03, 2004
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(Bloomberg) -- Lloyd's of London, the world's biggest insurance market, expects to limit next year's sales to about 13.7 billion ($26.4 billion), nine percent less than in 2004, to reduce the risk of losses, said analysts who attended a Lloyd's prese...
DATE: Dec 03, 2004
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CHICAGO (Bloomberg) ? Aon Corp., the world's second-largest insurance broker, sold the bulk of its stake in Endurance Specialty Holdings Ltd., a Bermuda-based insurer it helped found after the September 11 terrorist attacks.
Aon, based in Chicago, so...
DATE: Dec 03, 2004
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A lawsuit seeking class action status was filed this week against the American International Group Inc. for alleged violations of the Employee Retirement Income Security Act related to a loss of value of AIG stock caused by allegations of bid-rigging...
DATE: Dec 03, 2004
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