Log In

Reset Password
DIGITAL EDITION VIDEOS PHOTOS PODCAST RSS

Insurance

Reinsurance

"Allied World makes Bermuda appointments"

Allied World Assurance Company Holdings yesterday announced two senior appointments in its Bermuda operation. Peter Cooper has been promoted to senior vice-president, chief international corporate actuary, subject to Bermuda Department of Immigration...
Mar 14, 2012
Reinsurance

"Armour sets up new ILS investment firm"

Armour Group Holdings Ltd has formed a new Bermuda investment management firm focused exclusively on insurance-linked products. ILS Investment Management Ltd said the that initial insurance-linked strategies development will be “aimed at providing in...
Mar 12, 2012
International Business

"Willis opens new China office"

Willis is about to become the first global insurance broker in the world’s fastest-growing urban centre. The London-based Willis Group said the Chinese government has granted it permission to open a new office in the city of Chongqing. The new addit...
Mar 09, 2012
International Business

"HSBC sells off insurance business in five countries"

In a deal worth $914 million, global banking giant HSBC has sold off its general insurance businesses in five different countries in an effort to get out of operations it no longer considers a core part of the bank. French insurance company, Axa is ...
Mar 09, 2012
Reinsurance

"Fitch raises Ace’s outlook"

Global insurer Ace Ltd has received a bump in its ratings outlook. Fitch Ratings yesterday said it has revised the company’s ratings outlook to ‘positive’ from ‘stable’. The ratings firm’s actions reflect Ace’s continued strong operating performance...
Mar 09, 2012
Reinsurance

"Insurers may pay out up to $2b on rash of tornadoes"

Severe tornado activity throughout the US this year is running twice the average, racking up losses estimated at up to $2 billion, prompting industry insiders to speculate how much Bermuda’s reinsurers will be on the hook for. Natural catastrophe mod...
Mar 08, 2012
Reinsurance

"Omega loss widens to $94.7m"

Bermuda-based Omega Insurance Holdings took a huge hit to their bottom line in 2011, recording $85.6 million in catastrophe losses citing significant impact of natural disasters and “frustrating” corporate activity, having rejected several takeover b...
Mar 07, 2012
Reinsurance

"American Safety launches UK reinsurance unit"

Bermuda-based American Safety has set up a new company in the UK that will soon write casualty treaty reinsurance. American Safety UK will begin operations in London in the second quarter of this year, subject to regulatory approval. Chief underwri...
Mar 07, 2012
Reinsurance

"Axis Re sets up Brazil office"

Add Axis Re to the growing list of Bermuda-based reinsurance companies who have or are looking to set up shop in Brazil. Located in São Paulo, the new representative office, Axis Re Brazil, will source property and casualty business from Brazil and ...
Mar 07, 2012
Reinsurance

"CatCo hires veteran executive and prepares for further expansion"

Bermuda-based CatCo Investment Management Ltd has appointed Ron Collins as to the newly created role of director of underwriting and more hiring by the young, expanding company is likely. The recruitment of the reinsurance industry veteran and former...
Mar 06, 2012
Available for
iPhones and iPads
Available in
Google Play
Use of this website signifies your agreement to the Terms of Service and Privacy Notice
© Copyright 2024 royalgazette.com. All rights reserved.