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Fitch Ratings has placed the "A-minus" ratings of Bermuda-based Flagstone Reinsurance Holdings, Ltd. on Rating Watch Negative in response to Flagstone's $1.8 billion offer to acquire IPC Holdings, Ltd.
The jury that must decide the dispute between American International Group and Starr International Company over SICO's use and ownership of a block of AIG stock began deliberations today.
An executive involved in the bidding war for IPC holdings said after that battle ends the merger and acquisition landscape will likely heat up further in Bermuda.
National Underwriter, in partnership with Flasp?hler Research Group, will launch a survey of risk managers this month that will result in the inaugural "NU Readers' Choice Awards," to be unveiled in the Oct. 19 edition.
With the top concern for risk managers being the impact of the economic slowdown on their organizations, corporate buyers should expect very tight scrutiny of any dollars budgeted for insurance, loss control and support services, one consultant warned.
This is the last call for entries for the 2009 National Underwriter "Commercial Insurance Agency Of The Year" award program, with the July 13 deadline looming.
Pembroke, Bermuda-based PartnerRe said it will acquire French-listed, Swiss-based reinsurer Paris Re in an estimated $2 billion stock-for-stock transaction.
NEW YORK--Attorneys presented their versions of truth today, as summations began in the lawsuit between American International Group and Star International Company.
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