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Solvency II not for captives, says Bermuda Monetary Authority
30 January 2013
Reporter Jenna Jones

The Bermuda Monetary Authority (BMA) has published its 2013 business plan stating that Bermuda will not apply Solvency II-type regime to captives...

Third Point gets top grades from A.M. Best
25 January 2013
Reporter Georgina Lavers

A.M. Best has affirmed the financial strength rating of A- (Excellent) and issuer credit rating of "a-" of Third Point Reinsurance Company (TP Re) in Bermuda...

Bermudan marine reinsurer NEWGT is rated A-
14 January 2013
Reporter Georgina Lavers

A.M. Best has assigned a financial strength rating of "A- (Excellent)" and issuer credit rating of “a-” to NEWGT Reinsurance Company in Bermuda...

Lion Reinsurance receives roar of approval
08 January 2013
Reporter Georgina Lavers

A.M. Best has affirmed the FSR of "A- (Excellent)" and ICR of “a-” of Lion Reinsurance Company, a start-up in Bermuda...

American Overseas moves out of Bermuda and into Barbados
26 November 2012
Reporter Georgina Lavers

American Overseas Group has announced it will re-domesticate its operating subsidiary, American Overseas Reinsurance Company (AORE), from Bermuda to Barbados. ...

Kevin O’Donnell is new president of RenaissanceRe
15 November 2012
Reporter Georgina Lavers

RenaissanceRe Holdings has named Kevin O'Donnell as its president & global chief underwriting officer...

A.M. Best upgrades BNY offspring
29 October 2012
Reporter Georgina Lavers

A.M. Best has upgraded the issuer credit rating to “a+” from “a” and affirmed the financial strength rating of "A (Excellent)" of BNY Trade Insurance in Bermuda...

Performa reduces long equity exposure
24 October 2012
Reporter Georgina Lavers

A note from Performa stated that it is in the process of implementing a tactical portfolio re-allocation on behalf of its clients, to reduce their long equity exposure ahead of a volatile Q4 2012...

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