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  • Bermudian catastrophe reinsurance specialist IPC Holdings Ltd has seen its reinsurance subsidiaries assigned a negative outlook by AM Best over enterprise risk management (ERM) concerns.
  • Bermudian-headquartered insurance giant ACE Ltd has sought to reassure investors over the potential exposure of its investment portfolio to the sub-prime fallout.
  • Catlin's $225mn Newton Re cat bond has attracted new investors to the sector from outside the traditional investor base - a testament to the growing attractiveness of insurance linked securities (ILS) to the capital markets.
  • UK run-off firm Randall & Quilter Investment Holdings (R&Q) saw its share price climb after trading began on the London Stock Exchange's Alternative Investment Market (AIM) yesterday, having raised £17mn in capital in its initial public offering (IPO).
  • The sub-prime woes of XL Capital Ltd deepened as its shares fell almost 7 percent yesterday to a 52-week low of $49.23 on the New York Stock Exchange after ratings agency Moody's Investor Service placed the Bermudian (re)insurer's ratings on review for po
  • Insurance linked securities (ILS) pioneer and prolific cat bond issuer Swiss Re is expected to return to the capital markets shortly with $660mn of notes in two new cat bond transactions.
  • The sub-prime woes of Bermudian (re)insurer XL Capital Ltd continue to deepen as ratings agency Moody’s Investors Service placed the firm’s ratings on review for possible downgrade.
  • Lloyd’s is planning to enter the Brazilian reinsurance market as an admitted carrier following the country’s approval of plans to scrap its collateral requirements for higher rated reinsurers.
  • Bermudian giant ACE Ltd has sought to reassure investors over the potential exposure of its investment portfolio to the sub-prime fallout.
  • Bermuda’s Progressive Labour Party (PLP) has emerged victorious in the island nation’s general election.