John Charman tops ownership review with shares worth $167 m
June 25, 2009
AXIS Capital CEO John Charman is still the individual shareholder-king of the Bermuda insurance market.
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Fidelity and Wellington funds are biggest investors in Bermuda insurance market
June 25, 2009
Two of the biggest mutual fund management groups in the world continue to dominate ownership of the Bermuda insurance market.
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ACE class action settlement: $500,000 for attorneys, $1.4 m for 78,000 class members
June 25, 2009
On June 10, 2009, a federal judge in Philadelphia gave final approval to the $1.95 million settlement of a class action complaint alleging bid-rigging against ACE Ltd. and three current or former officers that was agreed by the parties in December.
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Monthly Stocks: Max Re and IPC Holdings shares both rise after merger called off
June 25, 2009
The share prices of Max Capital and IPC Holdings went up immediately after their proposed merger was officially called off on June 12 after IPC announced that its shareholders had "overwhelmingly rejected" the $912 million all-stock deal, with 72% voting against it.
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PMA group seeks to vacate $6 m arbitration award in favor of Platinum Underwriters
June 25, 2009
The PMA insurance group has filed a petition at federal court in Philadelphia to vacate a $6 million arbitration award issued in favor of Platinum Underwriters Bermuda Ltd. on May 22, 2009.
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Letter from Bermuda: BIBA’s US-Bermuda report - A look at its accuracy
June 25, 2009
In a press release by Bermuda International Business Association on June 4, 2009 to announce the publication of a report entitled "US – Bermuda Economic Relations: Economic Impact Study – 2009" that BIBA commissioned Washington, DC-based "global business strategy firm" Stonebridge International to produce, it was claimed that "recent studies" have shown that "Bermuda's property and casualty insurance sector is the most efficient in the world – and pays out claims the fastest".
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Bermuda Supreme Court
June 25, 2009
Recently-Filed Business-Related Civil Lawsuits at Bermuda Supreme Court.
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