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Assured Guaranty, the Bermuda-based bond-insurer downgraded by Moody’s Investors Service in January, has created a new unit to back the debt of American states and cities. Municipal Assurance Corp. was started with $800 million of cash and securitie...

Government hired banks to arrange investor meetings in the US and Europe ahead of a potential international bond issue. A Reuters report, citing one of the lead managers, said Bermuda, rated Aa3/AA-/AA-, has mandated Barclays and JP Morgan to arrange...

Investors are scrambling and yanking billions from US bond funds since the Federal Reserve rattled markets with its plan to end the central bank’s unprecedented asset purchase programme. According to research firm TrimTabs Research, mutual funds and ...

An upgrade in outlook from stable to positive has been given to Bermuda-based Lancashire Insurance Company Limited, along with Lancashire Insurance Company (UK) Limited by ratings agency AM Best, which also affirmed the issuer credit rating (ICR) of ...

A $52 million share offering from Blue Capital Global Reinsurance Fund has pushed the rapidly expanding insurance-linked securities (ILS) instruments on the Bermuda Stock Exchange (BSX) beyond the $7 billion mark. A BSX press release stated the value...

An upgrade in outlook from stable to positive has been given to Bermuda-based Lancashire Insurance Company Limited, along with Lancashire Insurance Company (UK) Limited by ratings agency AM Best, which also affirmed the issuer credit rating (ICR) of ...

Bermuda bond insurer Assured Guaranty Ltd will host a conference call and webcast on the topic of Standard & Poor’s Ratings Services’ proposal to change its criteria for rating financial guaranty insurance companies. Yesterday the company’s shares fe...