led to the departure of a substantial number of staff.
Some 60 staff, representing 20% of ACE UK's workforce, have lost their jobs, including four named underwriters, Insurance Day reported.
The start...
Bermuda's "Mr. Saladmaster'' Junius Durrant has been served up an award.
He was honoured by Dallas-based Saladmaster for representing the firm for 30 years to August 15.
Mr. Durrant took home a cash a...
Standard & Poor's has assigned its double-`A' financial strength and counterparty credit ratings to XL Mid Ocean Reinsurance Co. Ltd.
S&P said the outlook was stable and that the completed Mid Ocean t...
The Atlantic Mutual Companies group has reported $6.6 million net income for the three months ended June 30, compared to $8.2 million for the same period in 1997.
The New York firm opened Atlantic Mut...
the Bank of Butterfield.
Vice president of personal and branch banking, Mr. Smith, 42, finishes his duties at the bank today, after 19 years.
He said yesterday that he has no immediate employment plan...
investment portfolio, yet its chief executive said the company's performance has been favourable.
Overseas Partners Ltd. (OPL), declared a $258.3-million profit for the six months to June 30, after a ...
convergence of the insurance and capital markets.
In the wake of the completion of the merger that saw EXEL Ltd. take over Mid Ocean Ltd., EXEL's newly-consolidated reinsurer is in the news again.
X.L...
Lloyd's and ACE UK mutually agreed to suspend trading in ACE managed syndicates' during capacity auctions held Tuesday and Wednesday.
The regularly scheduled auctions are for Lloyd's capital providers...
One of the Island's newest reinsurers may play a significant role in insuring the next World Cup.
That announcement came yesterday as Bermuda-based reinsurer, ESG Re Ltd., declared net income of $3.2 ...
Sales Corporations (FSC) are providing for unfair competition from US organisations.
But the trade dispute between the US and the European Union (EU) is beginning to heat up, with offshore beneficiari...
