All Bermuda articles – Page 32
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Analysis
Still looking tasty
Ariel's unconditional deal with Atrium and Validus' stable outlook prove that Lloyd's is still offering rich pickings to Bermudians
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Another cat 5 threatens Mexico
Hurricane Felix has intensified into a category 5 storm, with wind speeds up to 155mph
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OdysseyRe settles with Gulf Insurance
OdysseyRe has reached an out-of-court settlement with Gulf Insurance over a commutation dispute
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SCA assigned “AA” rating
The “AAA” ratings of XLCA and its reinsurance affiliate XLFA are unaffected
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Atrium bid unconditional says Ariel
Bermuda start-up’s cash offer for Lloyd's insurer is unconditional
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Validus removed from negative review
Successful Talbot acquisition and capital raising sees ratings affirmed
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Max Capital’s ratings affirmed
Fitch has affirmed the “A-” rating of the company and the “A” ratings of its subsidiaries
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Senior hires at Ace Tempest Life Re USA
Ace Tempest Life Re USA has named Jim Gibbs chief underwriting officer
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Analysis
Bermuda firms suffer under new law
A new law limiting work permits could force insurers to outsource
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Sub-prime exposure affects Scottish Re
Moody's has changed the outlook on Scottish Re to stable from positive as a result of the company's US sub-prime exposures
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Lancashire CFO given risk role
McConachie appointed as chief risk officer, in addition to his current role as CFO
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CIG and New Castle sidecar rated
AM Best has assigned debt ratings to Cayman-based Emerson Reinsurance
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XL ratings affirmed
S&P affirm XL’s ratings, with a stable outlook, but this is partially offset by “inconsistent earnings performance”
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$2bn losses expected as Dean batters Jamaica
Cat 5 Hurricane Dean is expected to intensify as it heads towards Cayman
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Scottish Re North America CEO steps down
Scottish Re North America president and CEO Cliff Wagner leaves the company; Goldean steps in