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InsideBermuda

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Important news about Bermuda's business sector and its participants, with a focus on Bermuda's insurance and reinsurance industries.

 

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A community forum to exchange information relevant to financial due diligence with your peers.

 

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BERMUDA INSURANCE, FINANCE, & POLITICS

 

Compensation of Bermuda insurance executives goes up as economy goes down

June 2, 2010

Recession, what recession? That's the rhetorical question that begs to be asked after InsideBermuda reviewed the compensation packages of Bermuda's leading insurance executives for 2009.

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Elderly South Dakota woman sues Ability Re over health coverage

June 2, 2010

An 89-year-old woman in poor health is seeking compensatory and punitive damages against Bermuda-domiciled long-term insurer Ability Re for allegedly refusing to pay for her health care.

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Catlin Insurance and others sued for return of $1.3 m in premiums

June 2, 2010

Bermuda-domiciled Catlin Insurance Company Ltd. is among eight defendants being sued for allegedly failing to return at least $1.3 million of premium to Nevada-domiciled risk retention group Health Facilities of California Mutual Insurance Company Inc.

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Bermuda insurance stocks fall more than market average

June 2, 2010

With the exception of Flagstone Re and penny stock Scottish Re, the share prices of all of Bermuda's insurers and reinsurers fell from April 16 to June 1, with 12 of them dropping by more than 10%.

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Aspen Insurance seeks to avoid paying litigation defense costs

June 2, 2010

Surplus lines insurer Aspen Insurance UK Limited is seeking to avoid having to pay the litigation defense costs of a New Jersey-based roofing contractor being sued over a condominium project.

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New Jersey real estate group sues Arch Insurance

June 2, 2010

A New Jersey-based real estate group is suing Arch Insurance Company and St. Paul Fire and Marine Insurance Company for allegedly refusing to pay litigation defense costs.

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Letter From Bermuda: Bermuda Aircraft Registry becomes political football after Boeing 737 crash in Siberia

June 2, 2010

Bermuda's Premier, Dr. Ewart Brown, may have felt a little awkward the other day when facing the press flanked by two senior corporate lawyers from the Island's largest law firms.

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Bermuda Supreme Court

June 2, 2010

Recently-Filed Business-Related Civil Lawsuits at Bermuda Supreme Court.

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Sunday, August 01, 2010 EST

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Notable References In The Media

05.05Details Emerge on Obscure Barbados Reinsurer Tied to AIG

The Wall Street Journal

 

11.04 Covering Globalization: A Handbook for Reporters Columbia University Press

 

06.04Fool Me Twice: Some suckers never get an even break. Yearning to recoup their losses, they get taken again by the same scamsters Forbes Magazine

 

03.04Crime School: Money Laundering: True Crime Meets The World Of Business And Finance

Book by Chris Mathers

 

09.03Money Laundering Backgrounder for JournalistsColumbia University Journalism Training Program