Acting Finance Minister, John Barritt, yesterday remained cautious over allegations in a Massachusetts court that Bermuda insurance regulation was not as stringently controlled as it is in the US.
It ...
A strong capital base and conservative underwriting have won Bermuda-based reinsurer, Mid Ocean Reinsurance Ltd. an affirmation by rating agency Standard & Poor's of its double-'A' claims-paying abili...
Carl H. Paiva will be the new head of Meyer Industries management team as of October 1, as the St. George's firm begins a period of anticipated growth.
Mr. Paiva will retain his current position as vi...
Massachusetts commissioner of insurance, Linda Ruthardt, has defended her decision to seek a US receivership for the insolvent Bermuda insurer, Electric Mutual Liability Insurance Co. (EMLICO).
But sh...
Bermuda-based property catastrophe reinsurer, CAT Ltd., has projected gross premiums written for the year to December 31, 1997 will be about $151 million, an 11 percent increase over the $136.2 millio...
responsible for a marginal rise in half-year profits for BELCO Holdings Ltd.
BELCO declared $6,104,756 in net earnings for the six months to June 30, up marginally (0.61 percent) on the first six mont...
of a US insurer because of its intended purchase by ACE Ltd.
The move by S&P came as ACE stock (NYSE: ACL) rose as much as $4.375 on Friday to an all-time high of $93.375, before closing at $92.5625, ...
ACE Ltd. acquisition of Atlanta-based Westchester Specialty Insurance Group (WSIG) for $333 million in cash will give the company is a significant platform for the development of a major operation in ...
positive effect on their Bermuda-based partnerships, senior partners said yesterday.
The merger between professional services and consulting firms Coopers & Lybrand and Price Waterhouse would create t...
diversification, there were record earnings for Bermuda-based insurer, EXEL Ltd., with net income rising to unprecedented heights in both the third quarter to August 31 and cumulatively for the first ...
