This article discusses the brand-new insurance industry, brought in part by the numerous start-up insurers and reinsurers that have infiltrated the tiny island of Bermuda. The island's flexible regulatory environment has been enticing investors since the late 1960s, but September 11 has brought a rush of investor interest not seen...
LONDON (Reuters UK) - The tax regime for Lloyd's of London must be eased if the 320-year old insurance market is to retain its international competitiveness, its chairman Lord Levene said in a speech late on Thursday. "The tax treatment of Lloyd's in the UK must...
Golden Ocean Group Limited announces the filing of its ConsolidatedFinancial Statements for the year ended December 2007. The Consolidated Financial Statements for the year ended December 31,2007 can be found on our website at www.goldenocean.bm and in thelink below. August 27, 2008The Board of DirectorsGolden Ocean Group LimitedHamilton,...
Golden Ocean Group Limited announces that its 2008Annual General Meeting will be held on September19, 2008. A copy of the Notice of Annual GeneralMeeting and associated information including theCompany`s Consolidated Financial Statements for2007 can be found on our website at www.goldenocean.bm and in the links below. August 27,...
Ship Finance International Limited (NYSE: SFL) ("Ship Finance" or the"Company") announces that its 2008 Annual General Meeting will beheld on September 19, 2008. A copy of the Notice of Annual GeneralMeeting and associated information including the Company's AnnualReport on Form 20-F can be found on our website at http://www.shipfinance.org ...
NEW YORK & HAMILTON, Bermuda -- Tower Group, Inc. ("Tower"; NASDAQ: TWGP) and CastlePoint Holdings, Ltd. ("CastlePoint"; NASDAQ: CPHL) have announced today that CastlePoint Reinsurance Company, Ltd., a Bermuda-based subsidiary of CastlePoint, has entered into a definitive agreement to acquire HIG, Inc. ("Hermitage"). CastlePoint will pay the seller,...
HAMILTON, Bermuda -- Argo Group International Holdings, Ltd. (NasdaqGS: AGII), an international underwriter of specialty insurance and reinsurance products in niche areas of the property and casualty market, announced today it is participating in the Keefe, Bruyette & Woods KBW 2008 Insurance Conference being held Sept. 3 - 4 at...
PEMBROKE, Bermuda, Aug. 26 /PRNewswire-FirstCall/ -- PartnerRe Ltd. today announced that it will publish the Company's 2007 Loss Development Triangles after 4:00 p.m. EDT on Tuesday, September 2, 2008. A copy of this data will be available on the Company's website at http://www.partnerre.com/ in the Investor Relations section...
PEMBROKE, Bermuda -- RenaissanceRe Holdings Ltd. (NYSE: RNR), its U.S. affiliate WeatherPredict Consulting Inc. and partners the Federal Alliance for Safe Homes, Inc. - FLASH[R], Simpson Strong-Tie and State Farm today opened "StormStruck: A Tale of Two Homes[TM]", a new exhibit at INNOVENTIONS at Epcot[R] at the Walt Disney World[R]...
HAMILTON, Bermuda -- Resource Finance & Investment Limited ("RFI") symbol (OTC: RFIVF) is pleased to announce receipt of the latest quarterly update from Industrial Minerals IDM. IDM advised that following completion of the drilling program, the previously stated 1.38 million short tons of probable ore reserve moved to proved ore....
OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating FSR of A Excellent and issuer credit ratings ICR of "a" of BF&M Limited and its main operating subsidiaries, BF&M Life Insurance Company Limited (BF&M Life) and BF&M General Insurance Company Limited (BF&M General) (all of Hamilton, Bermuda)....
Golar LNG Limited announces that its 2008 Annual General Meeting willbe held on September 19, 2008. A copy of the Notice of Annual GeneralMeeting and associated information including the Company's AnnualReport on Form 20-F can be found on our website at http://www.golar.com and in the attachments below. Golar LNG...
NORDIC BUSINESS REPORT-26 August 2008-Well services provider Seawell Ltd receives 2-year contract extension from Talisman EnergyC1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian-controlled well services provider Seawell Ltd said on Tuesday (26 August) that it has received a two-year contract extension from Talisman Energy. The contract covers platform...
HAMILTON, Bermuda -- Covidien Ltd. (NYSE: COV; BSX: COV), a leading global provider of healthcare products, today announced the agenda for its investor meeting on Wednesday, September 10, 2008. The event will be held at the Pierre Hotel, Fifth Avenue at 61st Street, New York, New York, beginning at 11:00...
PEMBROKE, Bermuda, Aug. 26 /PRNewswire-FirstCall/ -- Allied World Assurance Company Holdings, Ltd today announced the appointment of Patrick de Saint-Aignan to its Board of Directors. Mr. de Saint-Aignan has over 30 years experience in investment banking. Allied World President and Chief Executive Officer Scott Carmilani commented,...
HAMILTON, Bermuda -- QuoVadis, a leading international provider of digital certificates, has gained accreditation as a Qualified Certification Services Provider CSP in the Netherlands. As a CSP, QuoVadis issues digital certificates that may be used to identify users on the Internet, to create encryption for privacy, and to...
OLDWICK, N.J. -- A.M. Best Co. has placed the financial strength rating FSR of A- Excellent and issuer credit ratings ICR of "a-" of R.V.I. Guaranty Co., Ltd. RVI Guaranty Bermuda and its Connecticut-domiciled subsidiaries, R.V.I. America Insurance Company and R.V.I. National Insurance Company under review with negative implications. ...
HAMILTON, Bermuda, Aug. 25 /PRNewswire-FirstCall/ -- OneBeacon Insurance Group, Ltd.'s CEO Mike Miller and CFO Paul McDonough will be presenting at the Lehman Brothers Global Financial Services Conference on Monday, September 8, 2008 at approximately 9:00 a.m. ET at the Hilton Hotel New York in New York City....
OLDWICK, N.J. -- A.M. Best Co. has commented that the ratings of Flagstone Reassurance Suisse SA Flagstone Reassurance (Martigny, Switzerland), Flagstone Reinsurance Limited Flagstone Re (Hamilton, Bermuda) and Flagstone Reinsurance Holdings Limited Flagstone Holdings (Hamilton, Bermuda) (NYSE:FSR) are unchanged following the recently announced organizational changes by Flagstone Holdings. This announcement...
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