Hashtag: #PlatinumUnderwritersHoldings
Platinum Housing: Avg $35,000 Per Month Each
The NYTimes reports that Bermuda based insurance company Platinum Underwriters Holdings Ltd spent $1.7 million to house four of its top executives in 2009. In the company’s preliminary proxy statement, Platinum disclosed that it spent almost $1.7 million in housing allowance for the four executives. This works out at an average of $35,000 a month... Read more of this article
Platinum: Initial Loss Estimate of $85 Million
Bermuda based Platinum Underwriters Holdings, Ltd. today announced an initial loss estimate of $85 million from first quarter 2010 catastrophe events that have occurred to date. The Company’s initial loss estimate includes losses from the Chile Earthquake, European Winterstorm Xynthia, Melbourne hailstorm, and the East Coast winter storms in... Read more of this article
Bermuda Insurers File Opposition to American Bill
The Association of Bermuda Insurers and Reinsurers [ABIR] has filed an opposition to a proposed new American regulation now in Congress. The Bill HR 2555: Homeowners’ Defense Act of 2009 is described as “To ensure the availability and affordability of homeowners’ insurance coverage for catastrophic events”. The ABIR President... Read more of this article
30 Top Speakers at Bermuda Insurance Summit
The Insurance Day Summit will be held on June 15/16 at the Fairmont Hamilton Princess, and already features an extremely impressive array of speakers. There are over thirty of the best business minds in the insurance field scheduled to speak so far… full list below: Albert Benchimol – EVP and Chief Financial Officer, Partner Re Beat Holliger... Read more of this article
