Bermuda
Global tanker fleet hit by EU oil sanctions
New European Union sanctions on Iranian oil will impact around 95% of the global tanker fleet, including those operated by a major Bermuda shipping company, because they are insured under rules governed by European law.
Bermuda’s Premier Cox signs tax agreement with Turkey
Bermuda has signed a tax information exchange agreement with the government of the Republic of Turkey.
Insurers reveal Thai flood losses
Bermuda-based Arch Capital Group has said it expects the company’s 2011 fourth quarter results to be negatively impacted by the severe flooding in Thailand.
Kane reshuffles after HSBC buy
Independent captive insurer manager Kane has taken more cash from its private equity backer to open new offices and has promoted former Aon Global Insurance Management head Clive James to chief operating officer.
News analysis: Lloyd’s CEO Ward outlines diversity message with ambitious three-year plan
The start of every New Year is inevitably accompanied by the desire to deliver on resolutions made the month before — and Lloyd’s is no different.
Penny Black’s insurance week
Penny was in her element when she attended the four-year anniversary of Ecclesiastical’s art and heritage team.
Hardy sale: Canopius, Barbican and Aviva linked
As rumours circulate about which insurers will make an offer for Hardy Underwriting, sources have suggested Canopius, Barbican and Aviva could all be interested in the firm.
Bermuda market ‘difficult but promising’
The Bermuda insurance and reinsurance market has weathered pressure on its capital base and faces a promising renewal season AM Best has said.
Omega seeks clarification over Haverford bid as deadline approaches
Lloyd's insurer Omega has admitted that bidder Haverford is considering cutting its offer for 25% of the business.
Hiscox has 'A' issuer credit rating affirmed
Hiscox has had its ‘A’ (excellent) issuer credit rating and ‘A’ (excellent) financial strength rating affirmed, along with its core subsidiaries.
Market moves: All change at Mondial and Marsh
This week insurers were, once again, the main recruiters with the majority of high profile appointments.
XL Insurance launches Bermuda professional lines department
XL Insurance Bermuda has today announced that it has created a new department within its Professional Lines unit to handle unique, complex insurance risks.
Hiscox cuts GWP in favour of profit
Hiscox has said its gross written premiums year on year reduced in the first nine months of the year by 3.0% to £1,169.5m (2010: £1,205.3m) as the group maintained underwriting discipline and walked away from poorly rated risks.
Lancashire raises Fascione in Bermuda
Lancashire Holdings has promoted Simon Fascione to chief underwriting officer of the company's Bermuda operation, Lancashire Insurance Company.
In series - Lloyd's & London Market: An eye on the future
Lloyd’s and the London market has a fantastic reputation and its inherent creativity and principle of continuous self-improvement should be feared by its competitors.
In series: Lloyd's & London Market: Staying number one
Tightening regulation and a less advantageous tax regime are making it tough for Lloyd’s to retain its pre-eminence, but is protectionism the greater threat?
Bermuda is US’s biggest insurance ally
Business Bermuda’s 2011 Economic Impact Study claims that for the first time ever Bermuda became the most important international provider of insurance services to the US last year.
Ace Bermuda launches D&O policy in the Netherlands
Ace Bermuda International has launched an executive liability policy for corporate officers and directors assurances in the Netherlands.
Interview - Ann Haugh: Making the right decisions
UK CEO of Zurich Global Corporate Ann Haugh has never been averse to taking risks and reveals her determination to grow the business is as strong as it is strategic.
Conning names European chief investment officer
Conning has appointed Russell Büsst to the newly created position of European chief investment officer.
Argo Group opens office in Dubai
Argo Group bosses have heralded the launch of a Dubai insurance operation as a ”key component” of the company’s global expansion strategy.
Lloyd’s announces £697m interim loss
Lloyd’s made an interim loss before tax of £697m for the six-month period ending 30 June 2011, in what is already likely to be the second most expensive year ever for insurers.
Market moves: Bucking the trend for UK employment
With September in full swing, announcements of moves around the market are arriving thick and fast. After the dearth of recruitment news in August, disciplines across the industry spectrum appear busy luring expertise from competitors, promoting from…
Mark Byrne to take over at Omega
Bermuda insurer Haverford is to take a 25% stake in troubled Lloyd’s insurer Omega Insurance Holdings, with Haverford boss Mark Byrne taking the Omega chairman’s role.