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Reinsurance

AM Best revises RVI outlook

AM Best has just revised its outlook from stable to positive for Bermuda-based RVI Guaranty Co Ltd, one of the world’s largest insurance companies to specialise in underwriting and marketing of residual value insurance for clients engaged in asset-ba...
Jun 27, 2014
Reinsurance

Soares elected as new BII chairman

Andrew Soares was elected the new chairman of the Bermuda Insurance Institute (BII) during the annual general meeting. Also appointed to the new BII Council are vice-chairman Shannon Totten, honorary treasurer Philip Burrill, honorary secretary Carol...
Jun 27, 2014
Other

XL’s Hendrick: Insurance should utilise big data better

Most standard lines of commercial insurance business will eventually be commoditised, a leading underwriter has told delegates at the just concluded Insurance Day Bermuda Summit at the Fairmont Hamilton Princess Hotel. But Greg Hendrick, chief execut...
Jun 27, 2014
Reinsurance

Premier tells international business: We need your input

Premier Michael Dunkley opened the door for international business leaders to dialogue with Government on a stronger partnership to foster more benefits for both business and the Island. Opening the Insurance Day Summit at the Fairmont Hamilton Princ...
Jun 25, 2014
Reinsurance

Island company embroiled in Detroit bankruptcy case

The Bermuda corporate parent of a bond insurer at the centre of controversy over Detroit’s $18-billion bankruptcy hearings, has disclosed they could face difficulties if the judge rules against them. Their New York-based bond insurer subsidiary — Syn...
Jun 24, 2014
Other

Allen Foleyjoins OysterConsulting

Allen Foley, former executive director of DMS Offshore Investment Services (Europe) SáRL has joined Oyster Consulting (Bermuda) Ltd to provide expert advice and consultancy services to firms located in Bermuda and around the world. He has joined th...
Jun 18, 2014
Other

Aspen board urges shareholders to reject new Endurance offer

It was the “clash of the titans” yesterday, as two powerful corporate boards squared off in another round of a public battle for control of Bermuda-based Aspen Insurance Holdings Limited. The battle royal began anew as Aspen sent new filings to the S...
Jun 18, 2014
International Business

Top Lloyd’s underwriter CEO joins ILS specialist Securis

Founder and former chief executive officer of Ascot Underwriting Limited Martin Reith has joined Securis Investment Partners as an advisory director. AIG-backed Ascot was established in 2001 and grew to be one of the largest and top performing busine...
Jun 17, 2014
Other

New joint venture for White Mountains

White Mountains Insurance Group, Ltd. is entering the $15-billion a year travel insurance market in a 50/50 joint venture with DavidShield for the development, marketing and distribution of travel insurance worldwide. The product will be based on the...
Jun 12, 2014
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