Hashtag: #BermudaInsurance
Reinsurers Mull Enormous 2011 Losses
Large losses from natural disasters weighed heavily on both the Bermuda and global reinsurance industries in 2011, industry journal “Business Insurance” reports today [Mar. 26]. Insured losses from catastrophes including floods in Australia and Thailand, earthquakes in New Zealand, and a quake-initiated tsunami that devastated part of Japan... Read more of this article
Montpelier To Release Q/1 Earnings
Bermuda reinsurer Montpelier Re Holdings Ltd. expects to release its first quarter 2012 results after the market close on April 25, 2012. The company will host a conference call to discuss the results on April 26, 2012 at 8:00 a.m. Eastern Time. The call will be available via a live audio webcast accessible on the company’s website or by dialing... Read more of this article
BMA Reduces SPI Registration Fee
The Bermuda Monetary Authority has reduced the annual registration fee for special-purpose insurers [SPIs] to $6,000 from $11,600. The change becomes effective April 1. Special-purpose insurers assume insurance or reinsurance risks and typically fully fund their exposures through debt issuance or other financings. The vehicles frequently are used in... Read more of this article
Lancashire To Issue First Quarter Results
Bermuda-based Lancashire Holdings Limited today [Mar.23] announced it will be releasing its 2012 first quarter results at 7:00am UK time on Friday, May 4 and hosting an analyst and investor conference call at 1:00pm UK time/8:00 am Eastern Time on May 4. The conference call will be hosted by Lancashire management. The call can be accessed by dialling... Read more of this article
UK P&I Club Announces Reorganisation
The UK P&I Club announced today [Mar.23] that it is reorganising its structure including its Bermuda operation to establish UK Europe as the sole provider of direct insurance to UK Club members. By reducing the number of separately regulated insurers from two to one, the UK Club aims to streamline governance, reduce compliance costs and manage... Read more of this article
White Mountains On Tender Offer Results
Bermuda’s White Mountains Insurance Group, Ltd. today [Mar.23] announced the preliminary results of its tender offer. The tender offer expired at 12:00 midnight, New York City time, on March 22. Based on a preliminary count by the depositary for the tender offer, 817,022 shares were properly tendered and not properly withdrawn, including 14,905... Read more of this article
Allied World Bermuda VP On Chicago Panel
Allied World Assurance Company Holdings announced today [Mar.22] that John Telenko, Vice President, Bermuda Healthcare Manager, will speak at the upcoming Professional Liability Underwriting Society [PLUS] 2012 Medical PL Symposium. The conference will take place at the Sheraton Chicago Hotel & Towers in Chicago, Illinois on March 29 & 30,... Read more of this article
S&P Affirms Maiden Holdings Ratings
Standard & Poor [S&P] yesterday [Mar.21] attacheds a ‘BBB-’ rating to the proposed $100 million senior note issue by Maiden Holdings North America Ltd., a subsidiary of Bermuda’s Maiden Holdings Ltd. The ratings agency also affirming its ‘BBB-’ counterparty credit ratings on Maiden Holdings Ltd. and Maiden NA and... Read more of this article
BII: Insurance Industry Award Winners
The Bermuda Insurance Institute [BII] today [Mar.22] announced the winners of the Fourteenth Annual Insurance Industry Awards. The recipients will be honored at a gala dinner to be held on May 19, 2012 at the Fairmont Hamilton Princess. The Lifetime Achievement Award recognizes a person who has distinguished his/herself in the industry over the course... Read more of this article
BMA CEO To Address Insurance Institute Event
Bermuda Monetary Authority [BMA] Chief Executive Officer Jeremy Cox will be the keynote speaker at the Bermuda Insurance Institute’s 2012 Spring Lunch next month. Mr. Cox will discuss the island’s evolving regulatory regime in a talk entitled “Regulation for the Long Haul” The BII event is being held at at the Fairmont Hamilton... Read more of this article
Everest To Release First Quarter Earnings
Bermuda’s Everest Re Group, Ltd. will release its first quarter 2012 earnings after trading closes on the New York Stock Exchange on April 25, 2012. A conference call discussing the results will be held at 10:30 a.m. Eastern Time on April 26, 2012. The call will be available on the Internet at the company’s website or here.. Everest Re Group,... Read more of this article
Bermuda Remains Global Captive Leader
Newly-published research from “Business Insurance” magazine shows that Bermuda has extended its position as the largest captive insurance domicile in the world. Based on information to the end of 2011, Bermuda is the largest captive insurance domicile globally, followed by the Cayman Islands, Vermont, Guernsey and then Barbados. Guernsey... Read more of this article
