June 2003/6

White Mountains announced Friday that it has filed a shelf registration with the SEC in New York allowing it to raise up to $2bn by issuing debt or shares.

Axis Capital Holdings, the specialty (re)insurer formed in response to the post 9/11 capacity crunch, will float this week on the New York Stock Exchange valuing the firm at around $3.3bn.

Only those that have ability to price and select risk will prosper, says ratings agency Ratings agency Fitch believes that, despite recent sterling results, post-9/11 Bermudian start-ups need to rapidly adapt “to develop the strength to compete with es