Hashtag: #BermudaInsurance
Talbot Ends Abu Dhabi Joint Venture
Talbot Underwriting, Ltd., a wholly owned subsidiary of Bermuda’s Validus Holdings, Ltd., and Abu Dhabi National Insurance Company [ADNIC], one of the leading insurance companies in the United Arab Emirates, announced today [Mar.13] that they are ceasing their joint venture business Underwriting Risk Services Middle East Ltd. [URSME], which was... Read more of this article
Guy Sansom Joins UniRisk In London
Guy Sansom has been named managing director for Europe by Universal Risk Intermediaries, Inc., a part of Bermuda’s Universal Holdings. An insurance and financial firm which designs, organises and implements alternative risk transfer solutions, UniRisk works with major insurance carriers to develop profitable partnerships for companies, groups... Read more of this article
Scottish Re Tender Offer Expires
Scottish Re Group Limited announced yesterday [Mar.12] that the tender offer made by the company pursuant to an Offer to Purchase, dated February 10, 2012, and the related Letter of Transmittal, dated February 10, 2012, expired at 12:00 midnight, New York City time, on March 9, 2012 pursuant to the terms of the Offer. The offer had been made to purchase... Read more of this article
AXIS Capital Announces Tender Offer
Bermuda’s AXIS Capital Holdings Limited today [Mar.12] announced a tender offer for any and all of its outstanding 7.50% Series B Preferred Shares, par value $0.0125 per share and liquidation preference $100.00 per share. The tender offer is being made solely pursuant to the Offer to Purchase dated March 12, 2012 and accompanying Letter of Transmittal.... Read more of this article
Athene Launches Retirement Annuity
A new fixed annuity from Athene Annuity & Life Assurance Company — the the US subsidiary of Bermuda’s Athene Holding — offers a simple solution to millions of Americans whose retirement dreams are being challenged by volatile equity markets and a persistently low personal savings rate, the company reported today [Mar.12]. ATHENE... Read more of this article
Lancashire Holdings: UK Treasury Stock
In accordance with London Stock Exchange Listing Rule 12.6.4, Bermuda reinsurer Lancashire Holdings Limited yesterday [Mar.9] announced it received confirmation that the transfer of 163,648 common shares from the UK Treasury took place to satisfy an exercise of warrants at an exercise price of US $5.00. The transfer of up to 10,948,445 common shares... Read more of this article
Armor Group Launches New ILS
The Bermuda-based Armour Group today [Mar.9] announced the formation of a new ILS [Insurance Linked Strategies] focused asset manager to “target unique opportunities for uncorrelated returns in a low-yield environment.” Armour said its new unit, ILS Investment Management Limited, would focus exclusively on this growing alternative asset class and... Read more of this article
Fitch Affirms ACE Ltd.’s Ratings
Fitch Ratings today [Mar.8] affirmed the ratings of Bermuda- and Switzerland-based ACE Limited and its subsidiaries. The Rating Outlook is revised to Positive from Stable. Fitch’s rating actions reflect ACE’s continued strong operating performance, solid balance sheet and financial flexibility, and diverse sources of revenues and earnings. Partially... Read more of this article
AXIS CFO Presents At NYC Conference
Albert Benchimol, Chief Financial Officer of Bermuda-based AXIS Capital, gave a presentation at the 2012 Citi Financial Services Conference at The Waldorf Astoria Hotel in New York City this morning [Mar.8] An archived replay of his address will remain available here through Wednesday, June 5 and a copy of Mr. Benchimol’s presentation will... Read more of this article
Validus Quarterly Results Due April 26
Bermuda’s Validus Holdings yesterday [Mar.7] announced that it plans to release its financial results for the quarter ended March 31, 2012, after the close of trading on the New York Stock Exchange on Thursday, April 26, 2012. Validus Holdings, Ltd. is a provider of reinsurance and insurance, conducting its operations worldwide through two wholly-owned... Read more of this article
Ironshore Partners On Support Line
Bermuda’s Ironshore Inc. and The Workplace HELPLINE L.L.C. are partnering to provide an employment practices support line programme for public entities in the US. Called the EPLI Helpline, the program allows clients to direct specific questions to specialised employment attorneys about more than 50 risk management, human resources, employment... Read more of this article
Talk Of Bermuda’s Death ‘Premature’
Business commentators have concluded the classic Bermuda re/insurance model could well be extinct, says a leading industry journal. Or have reports of its death simply been greatly exaggerated? Following the recent sale of Bermuda’s Ariel Re, ”The Insurance Insider” today [Mar. 8] points out in an editorial that the entire class... Read more of this article
