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Rising premiums, tighter coverage, lack of major catastrophes boost

"The issuance of hybrid securities is a very cost-competitive source of long-term capital for Validus," Ed Noonan, chairman and chief executive of the Bermuda-based carrier, said in a statement. The c

Standard & Poor's Rating Services issued ratings for loans and debt obligations for Starbound Re, the Renaissance Reinsurance Limited sidecar, and for Bay Point Re, a Harbor Point Re Ltd. vehicle. Bot

Petrel Re will assume a 75 percent quota share of certain lines of marine and offshore energy reinsurance contracts underwritten by Validus Re for the 2006 and 2007 underwriting years, Validus said. O

Start-ups, emerging in time for Jan. 1 reinsurance renewals, grow up in a

They may not all command salaries as high as baseball's Alex Rodriguez, but property underwriters are in great demand in Bermuda, say executives and employment search experts, who note that

Jeff Greenberg Launches ReinsurerBermuda firm backed by former Marsh chief executiveValidus Reinsurance Ltd.--a Bermuda-based startup backed by an investment group headed by former Marsh ...

NU Online News ServiceBermuda property-casualty insurance companies beefing up their capital reserves in the wake of huge hurricane losses have now issued or will ...