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News
Allied World Bermuda has purchased and donated wheelchairs from Medical House to healthcare organisations across Bermuda. 23 April 2014
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XL Group’s reinsurance segment has today announced it will establish operations in Dubai, UAE, to serve the MENA market and act as a regional hub for the business. 23 April 2014
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A new report released by Marsh confirms that demand for terrorism insurance remains strong and the existence of the TRIPRA plays a key role in making coverage available and affordable. 23 April 2014
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Bermuda-based Endurance has appointed Richard Housley as executive vice president and global property insurance lead. 22 April 2014
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Aspen has come back fighting following unsolicited overtures from Endurance to acquire the company, arguing that its collaborative teamwork-oriented culture is not compatible with Endurance’s centralised, top-down management model. 22 April 2014
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In their ongoing M&A battle, Endurance has accused Aspen’s board of pursuing poison pill tactics in order to fend off Endurance’s overtures. 22 April 2014
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Ironhealth has strengthened its healthcare professional liability (HPL) coverage by increasing limits to $50 million and expanding the scope of its coverage to include exposures associated with a post healthcare reform environment. 22 April 2014
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Companies resisting overtures through the pursuit of poison pill provisions risk destroying value in the company, while exposing themselves to potential shareholder action. 22 April 2014
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Members of the ABIR wrote more business, built their capital positions and were increasingly profitable in 2013, a report by the association has found. 17 April 2014
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EY has named Pete Cangany as senior partner for its Bermuda operations. He will lead the firm’s insurance operations on the Island. 17 April 2014
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