Archives

August 2006

• (8/28/06) Hurricane losses spell opportunity for reinsurers
   

• (8/25/06) Aon Hong Kong office set for October opening (Published courtesy of CAPTIVEandART.com)
   

• (8/22/06) Bush Seeks Better Health Care Cost Info
   

• (8/21/06) Congress Considers Two Insurance-Regulation Proposals
   

• (8/18/2006) CICA Responds to Financial Accounting Standards Board (FASB) Invitation to Comment on Bifurcation of Insurance and Reinsurance Contracts for Financial Reporting.  View CICA response (pdf).
   

• (8/17/06) World Trade Center captive is ‘stingy’  (Published courtesy of CAPTIVEandART.com)
   

• (8/17/06) Bermuda re/insurers find sidecars attractive vehicles
   

• (8/17/06) Snapshots of sidecars with Bermuda connections
   

• (8/17/06) Retirement Security Project Releases Scorecard on Pension Protection Act of 2006
   

• (8/10/06) Record numbers flock to VCIA (Published courtesy of CAPTIVEandART.com)
   

• (8/10/06) South Carolina set to lure major PCC (Published courtesy of CAPTIVEandART.com)
   

• (8/9/06) Barbados captive licence gets conditional approval (Published courtesy of CAPTIVEandART.com)
   

• (8/7/06) Munder's Management Teams With Crestview Partners To Acquire Comerica's Interest in Munder Capital
   

• (8/3/06) BIG "I" Says Incentive Compensation Should Not Be Outlawed
   

• (8/1/06) St Vincent & Grenadines wait on segregated cell law  (Published courtesy of CAPTIVEandART.com)
   

• (8/1/06) UK broker eyes captive formation  (Published courtesy of CAPTIVEandART.com)
   

• (8/1/06) St Kitts poised to welcome captives  (Published courtesy of CAPTIVEandART.com)

July 2006

• (7/27/06) Coalition lobbies for expansion of RRG law
  (Published courtesy of CAPTIVEandART.com)

• (7/27/06) Alabama eyes condominium captives (published courtesy of CAPTIVEandART.com)

• (7/23/06) GEM President & Chief Executive Officer Announces Retirement, Effective January 1, 2008
  Government Entities Mutual Inc's President & Chief Executive Officer, John Salisbury, has advised the GEM Board of Directors that he will be retiring as of January 1, 2008, according to Bob Worthington, Chairman of the GEM Board of Directors. A long-time CICA member, Salisbury helped make GEM a reality through his service as Chairman of the National Public Entity Excess Program Captive Committee in 2002.  He was selected as GEM's first President and Chief Executive Officer and started his service when the company opened on January 1, 2003.  GEM membership has grown to 18 public entity pools from 13 states. The company has a weighted three year average operating ratio of 98%, contributed surplus of $13.7 million, and total assets of $32.2 million.  The company is currently recruiting for an Executive Vice President and the successor will have the benefit of working with Salisbury in transition to the President and Chief Executive Officer position in 2008.  View Salisbury retirement notice (pdf).  View Position Announcement for President & Chief Executive Officer Successor (pdf).

• (7/21/06) North American Life Insurance Activity Off 5.4% in June

• (7/19/06) Lloyd's: Stakes 'Huge' But Manageable If Major Hurricane Hits N.Y. State

• (7/17/06) Bermuda's reinsurers to lobby US over controversial expatriate tax

• (7/12/06) Commercial Brokers Urge Action on Surplus Lines Regulatory Reform

• (7/12/06) Sen. Sununu Opens Hearings on Federal Regulation of Insurance

• (7/11/06) The Council of Insurance Agents & Brokers Embraces Both Short- and Long-Range Regulatory Reforms

• (7/11/06) BIG "I" Advocates Targeted Approach To Regulatory Reform

• (7/10/06) USA Risk eyes fronting and Barbados solutions (courtesy of CaptiveandArt.com)

• (7/10/06) Accounting proposal could hit reinsurers

• (7/9/06) Allstate Accused Of Cheating Claimants: Local Claim Could Lead To $800 Million Class Action

• (7/5/06) St Kitts joins captive club

June 2006

• (6/26/06) World Trade Center Developer, Port Authority Sue Insurers

• (6/26/06) NAMIC Board Adopts Statement of Principles on Natural Disasters

• (6/26/06) BIG "I" Supports Representatives’ Request On Terror Risk Issues
   
• (6/25/06) Wal-Mart Argues Against Maryland Law Dictating Benefits
   

• (6/20/06) BIG "I" Says Insurance Antitrust Exemption Still Important To Policyholders

• (6/20/06) Brokers Support New Federal Bill to Reform Surplus Lines Insurance Regulation

• (6/19/06) International survey ranks Ireland as leading domicile for captive insurance business

• (6/15/06) Captive Insurance Companies Association(CICA), captive, self-insurance & risk retention conferences, education & networking

• (6/13/06) Interstate Insurance Product Regulation Commission Begins Work

• (6/12/06) NAIC Sarbanes-Oxley Proposal Faces Uphill Battle in the States. NAMIC will Continue to Advocate Against The Measure

• (6/8/06) Treasury Secretary Nominee Paulson Backed Terrorism Reinsurance Plan

• (6/8/06) BIG "I" Continues Push For Estate Tax Reform

• (6/5/06) Captive Insurance Company Reports

• (6/5/06) Book Review: Captive Practices and Procedures by Kathryn A. Westover

• (6/4/06) Ex-Tyco CEO Kozlowski Seeks Insurance Broker's Documents

• (6/1/06) NAIC Takes 'Insure U' To The Hill

May 2006

• (5/25/06) Capital test for Barbados P&C captives

• (5/25/06) Ohio and New Jersey joins the captive domicile ranks

• (5/25/06) Captive Insurance Companies Association(CICA), captive, self-insurance & risk retention conferences, education & networking

• (5/22/06) RMS Launches New Hurricane Model Incorporating Lessons Learned From Active 2004-2005 Seasons

• (5/17/06) Asbestos Could Be Next Threat to Workers' Comp, GE Exec Argues

• (5/16/06) Bush Signs Bill Aimed At Fixing Insurance Market

• (5/12/06) NAIC Committee Further Softens SOX Content in Model Audit Regulation, Postpones Vote

• (5/10/06) Congressional Committee Retains PRP Limit

• (5/9/06) Captive Insurance Companies Association(CICA), captive, self-insurance & risk retention conferences, education & networking
   

• (5/5/06) Senate Debates Hurricane Insurance Bill

• (5/3/06) NAIC Life Insurance Committee Examines Controversial Settlement Issues

• (5/1/06) Munich Re Helps UN Launch 'Principles for Responsible Investment'

April 2006

• (4/26/06) NAIC Addresses Congress On Title Insurance

• (4/24/06) Financial Reporting Model Based on SOX Unjustified, Says NAMIC

• (4/24/06) IRS/Treasury Adopt NAMIC Position on Gross Receipts

• (4/21/06) Swiss Re/GE Solutions Deal 'On Track'; Less Equity Funding Needed

• (4/21/06) AIG to Sell Most of IPC Stake

• (4/14/06) How Dublin may replace Bermuda as market laboratory

• (4/13/06) Hurricane Expert: 'The 2006 Season CAN Be Worse than 2005'

• (4/10/06) Insurance Jobs Growth Surges to Seven-Year High in March

• (4/9/06) Aon Appoints Burns as CEO, Aon Risk Services Americas eSolutions Group

• (4/5/06) Statement From NAIC President Alessandro IUPPA On Federal Insurance Bill

• (4/5/06) NASD Fines AIG Affiliate American General Securities, Inc. Over $1.1 Million for Directed Brokerage Violations

March 2006

• (3/24/06) FPA Says SEC Ignores Congress and Puts the Public at Risk Opening Brief Filed in Lawsuit Challenging Broker-Dealer Rule

• (3/21/06) 'Long Overdue' Northeast Warned to Prepare for 'Historic' Weather Disaster This Year

• (3/21/06) Consumer Group Accuses Geico of Unfair Underwriting Practices

• (3/20/06) NAIC Task Force Announces Insurer Bid-Rigging Settlement

• (3/16/06) U.S. Senate Breathes New Life into Small Group Health Option

• (3/15/06) BIG "I" Supports Cantor-Pomeroy Intangible Assets Tax Bill

• (3/14/06) Aon Study Reveals Investors More Intolerant of Catastrophe Risk

• (3/6/06) SIA To Regulators: Enough Already: Lobbyist Finds Compliance Costs Far Too Burdensome

• (3/6/06) Life and Annuities Committee Votes to Drop Age Restrictions

• (3/3/06) NASD Proposal on Wholesalers Attracting Attention

• (3/3/06) Commissioners Face A Long List of Topics in Orlando, Fla.

• (3/3/06) Bermuda reps attend CICA

• (3/2/06) Survey Reports Katrina Doesn't Move Many Homeowners to Protect Their Investment
   

February 2006

• (2/27/06) Suitability And Replacements Top NAIC Meeting Agenda
   

• (02/24/06) NCOIL Resolution Supports State Regulation of Insurance
   

• (02/20/06) Legislators to Debate Sarbanes-Oxley; Propose Standards
   

• (02/17/06) AIG Severs Ties with C.V. Starr; Expands Own Global Energy Unit
   

• (02/17/06) BestWeek: New Anti-Money Laundering Rules Have Life Insurers Scrambling
   

• (02/15/06) Sarbanes-Oxley Debate Persists As State Insurance Regulators Push To Tighten Rules
   

• (02/13/06) SOX Is No Panacea For D&O Insurers
   

• (02/13/06) Employers and Insurers Must Comply with Workers Comp Programs, the Second Injury Fund and the Americans with Disabilities Act (ADA), says I.I.I.
   

• (02/09/06) AIG Settles Fraud, Bid-Rigging and Improper Accounting Charges with SEC, N.Y.
   

• (02/06/06) AIG Settlement Put at $1.6B
   

• (02/06/06) Lloyd’s to sue Aon, Benfield over US terror claim
   

• (02/02/06) SEC Files Enforcement Action Against 5 Former Senior Executives of Gen Re, AIG
   

• (02/01/06) NAMIC to NAIC: 'Alternate SOX Proposal Still Too Much'
   

• (02/01/06) Oxley To Address Big "I" Leadership Luncheon

February 2006

• (01/31/06) Bush's Health Care Agenda; President Expected To Address Savings Accounts In Speech

• (01/30/06) Survey Confirms 4th Quarter Spike in Property Insurance Rates Due to Hurricanes

• (01/30/06) IIABA Calls For Implementation of Real-Time Multiple Company Rating

• (01/29/06) Atlas Insurance Management announces the opening of an operation in the Caymen Islands.

• (01/26/06) December's North American Life Insurance Activity Off 5.5%; 2005 Yearly Applications Decline 3.3%

• (01/25/06) Democrats Vow To Reverse Insurance Industry Victory In Talks

• (01/25/06) BIG "I" Supports Terrorism Backstop Study

• (01/25/06) Coalition Dishonors Year's Worst Insurance Scams

• (01/20/06) AUGIE Launches Agency Survey

• (01/20/06) Fitch Predicts Stable Outlook for Broker Industry in 2006

• (01/19/06) Florida Office of Insurance Regulation Issues AIG Companies Consent Order

• (01/19/06) NAIC Report Lists Top Consumer Complaints About Insurance Companies

• (01/16/06) NAIC:Standards for Sale of Life and Annuities Should Protect "All Ages"

• (01/13/06) Wall Street Journal: AIG Close to Settling Finite Re Probe for $1 Billion

• (01/13/06) Reinsurance rate hikes not as high as expected

• (01/10/06) Regulators Release 2005 Market Analysis Scorecard

• (01/09/06) Commercial Insurance Buyers Report Productivity Savings Across all Lines

• (01/09/06) NAMIC Warns Regulators All-Perils Policy Could Worsen CAT Problems

• (01/06/06) Reinsurers as much as double rates after storms, Willis says

• (01/06/06) Mega-Catastrophe Losses Top State Regulatory Agenda; Monster Hurricanes Spur Debate Over Natural Disaster Coverage

• (01/05/06) BIG "I" Unveils 2006 Legislative Package

December 2005

• (12/27/05) NAIC Announces New Staff in D.C.

• (12/21/05) State's First and Largest Private Group Self-Insurance Program Returns $9.6 Million in Equity to Its Members
   

• (12/21/05) Aon Clients Accept Claim Settlement Offers
   
• (12/20/05) PCI’s Top Ten Stories of 2005
   
• (12/20/05) Benfield sees billions flowing into reinsurers
   
• (12/18/05) NAMIC Commends Senate Passage Of TRIA. House Expected To Take Action Before Congress Wraps Up For Year
   
• (12/05/05) America's Actuaries: Permanent Government Role in Terrorism Insurance Necessary
   
• (12/05/05) Amlin is quick out of the gate
   
• (12/05/05) Camelback Captive & Risk Management Services, Inc. announces Alliance
   
• (12/01/05) Strategic Risk Solutions Expands Cayman Operation

November 2005
 

• (11/28/05) The British Virgin Islands Association of Insurance Managers (BVIAIM) has announced the appointment of Simon Owen, of the Belmont Group, as their new Chairman. In a brief statement, Mr Owen said “The BVI has established itself as one of the world’s premier domiciles and I am delighted to have the opportunity to assist the industry in maintaining the inexorable growth rates of the last few years”.
   
• (11/28/05) Over 400 set to attend Cayman Captive Forum 2005
   
• (11/25/05) Spitzer: No Criminal Charges Vs. Greenberg
   
• (11/21/05) NAIC RRG Working Group Defines Mission On Basis of GAO Report
   

• (11/21/05) Swiss Re buys GE’s reinsurance operations

• (11/20/05) Congress Raises Flood Insurance Program Borrowing to $18.5 Billion to Cover Claims

• (11/11/05) Agents Group Sets Flood Insurance Reform Agenda

• (11/11/05) House Committee to Offer 2-Year Terrorism Insurance Extension Next Week

• (11/09/05) AIG Delays Q3 Filing, Plans Restatements Back to 2002

• (11/09/05) NAIC Committee Drops Full SOX; NAMIC Opposes Alternate Proposal for Accounting Control

• (11/08/05) The Captive Insurance Council of the District of Columbia (CICA-DC) presents Saving Employers Money on Insurance Costs Through Captive Insurance Programs,
  9:00 a.m. - noon on November 30th in Chicago, Illinois.
  View details.

• (11/08/05) Spitzer probes changed the insurance buying arena

• (11/07/05) Third-Quarter Insured Losses Of $40.8 Billion An All-Time Record, Making 2005 Costliest Year For Catastrophes, Says ISO's Property Claim Services Unit
   

• (11/02/05) FAIA Stands Up for Agent, Files Amicus Court Brief on DFS Due-Diligence Decision

• (11/01/05) The Big "I" Salutes Chairman Mike Oxley

• (11/01/05) Out With The HSAs?

October 2005

• (10/25/05) Storms Might Cause Some Insurers To Stop Writing Policies In Fla.; 'Last-Resort' Plan Would Be Only Option

• (10/25/05) PartnerRe to pay out Wilma claims

• (10/25/05) ACE has Q3 loss of $112m on hurricane claims

• (10/25/05) CICA has submitted a response to chair of the NAIC risk retention working group and the chair of the NAIC risk retention task force in response to the GAO Report on risk retention groups. In its reponse, CICA recommended 1) that the NAIC Working Group and Task force each permit full voting participation by interested regulators from states that permit the formation of RRGs as captives so that the experience of these states (where most RRGs have been formed) is utilized in the deliberations and decision making of both groups, and 2) that the NAIC and/or its Working Group and Task Force hold public hearings to explore the substance of "good regulation" in the context of RRGs before determining the components of any proposed changes to state RRG regulation.  View pdf file with CICA's response.

• (10/24/05) HMO Profits Jump 21% in First Quarter 2005, According to Weiss Ratings; Profit Margin Increases Despite Signs of a Slowdown

• (10/23/05) Kramer to set up new reinsurer in Bermuda

• (10/20/05) RIMS Benchmark Survey Shows Sharp Downturn in Commercial Insurance Rates, but Impact of Katrina and Rita Still Looms

• (10/19/05) Is Federal Regulation Of Insurance Inevitable?

• (10/17/05) New job posting for VP of Statutory Accounting - click here to go to careers page.

• (10/17/05) Regulators Approve Finite Reinsurance Disclosure Requirements

• (10/17/05) A.M. Best Special Report: HMO Impairments Hit All-Time Lows in 2003 and 2004(10/17/05) Regulators Approve Finite Reinsurance Disclosure Requirements

• (10/11/05) Fitch Maintains PXRE's Watch Negative after Capital Raising

• (10/10/05) AIG Excess Casualty to Offer Coverage for Risks Insured with Insolvent Carriers

• (10/7/05) Aon Announces Dividend

• (10/7/05) Katrina Class Action Suit Filed Against Insurance Giant AIG; Claims Insurer Has Neglected Desperate Policyholders after Hurricane

• (10/5/05) Are You Ready For Jan. 1 Debut Of Roth 401(k)?

• (10/5/05) Symposium on the Future of Terrorism Risk Insurance Kicks Off, Oct. 7

• (10/4/05) Strategic Risk Solutions Strengthens Cayman Office by Appointing New Director and Vice Chairman

• (10/4/05) Bermuda Government moves to limit EU scope over funds

• (10/2/05) AIG Seeks $18 Billion in Stock from Greenberg's Starr International

• (10/2/05) New Roth 401(k) Lets People Save More, But It May Not Last

September 2005

• (9/29/05) AIG sues Greenberg firm over control of $17B in stock

• (9/29/05) National Symposium on the Future of Terrorism Risk Insurance; Leaders Meet to Discuss Future of U.S. Terrorism Risk Insurance

• (9/28/05) Wilmington Trust Expands Captive Insurance Management Services

• (9/28/05) RenaissanceRe shares slip after Wells Notice is issued

• (Sept 27, 2005) CICA Issues Response to IRS Notice 2005-49 on whether certain arrangements constitute insurance for federal income tax purposes.  Specifically, the Service asked for comment on four separate issues;
  1) The factors to be taken into account in determining whether a cell captive arrangement constitutes insurance and, if so, the mechanics of any applicable federal tax elections,
  2) Circumstances under which the qualification of an arrangement between related parties as insurance may be affected by a loan back of amounts paid as "premiums",
  3) The relevance of homogeneity in determining whether risks are adequately distributed for an arrangement to qualify as insurance, and
  4) Federal income tax issues raised by transactions involving finite risk.
  View CICA's Response on this important topic. (29-page pdf document)

• (9/26/05) Big 'I' Adopts Insurer Disclosure Policy

• (9/26/05) RMS Provides Preliminary Breakdown of Estimated Loss Components for Hurricane Rita; Insured On-Shore and Off-Shore Losses Expected to Range from $4 - $7 Billion

• (9/26/05) AzCIA Presents: Controlling Your Costs with an Arizona Captive - October 4

• (9/19/05) The United States Government Accountability Office (GAO) has issued its report on regulatory issues impacting risk retention groups.  The report has three components: the GAO Abstract (viewable from the GAO web site); the GAO Highlights (1-page pdf document); and the Full GAO Report (120-page pdf).

• (9/19/05) Arch, Imagine release Katrina claims estimates

• (9/19/05) Key West in Rita's Path; People Board-Up, Evacuate

• (9/16/05) NAIC Introduces Online Fraud System

• (9/15/05) Insurance Industry Opens Hurricane Insurance Information Center

• (9/15/05) Bermuda's Premier Alex Scott: We will protect our captives kingdom

• (9/15/05) No start-ups following Hurricane Katrina, predict experts

• (9/15/05) RRGs Need Uniform Rules, Better Member Safeguards, Argues Federal Report

• (9/14/05) EDSA Announces Sarbanes-Oxley's Impact on Retirement Plans

• (9/14/05) M&M Targeted - Spitzer Ready To Hit Execs

• (9/12/05) Best Comments Katrina's Impact on the Global Reinsurance Industry

• (9/11/05) Fight brews over paying for Katrina
   

• (9/10/05) Katrina's Aftermath; Homeowners, Insurers Meet To Assess Loss; As Residents Return To A New Orleans Suburb, Haggling With Adjusters Is Well Underway.

• (9/9/05) Gen Re CEO May Face SEC Fraud Suit

• (9/9/05) Higher premiums to benefit insurers after Katrina

• (9/9/05) PartnerRe estimates $35b Katrina related losses

• (9/8/05) Industry Groups Spar Over Audit Proposal; Using Parts Of Sarbanes-Oxley Act To Toughen Financial Reporting Would Be Costly, Unnecessary, NAMIC Says
   

• (9/5/05) Captives On Edge About Terrorism Cover; Alternative Markets Back Extension Of TRIA But Worry About Rising Deductibles

• (9/2/05) Regulators Say Insurance Industry is Prepared for Hurricane Katrina’s Cost

• (9/2/05) BIG "I" Establishes Katrina Relief Fund

• (9/1/05) Reinsurers gird for blow from Katrina

• (9/1/05) OneBeacon hit with subpoena

August 2005

• (8/30/05) Florida Withdraws Added Finite Reinsurance Requirements

• (8/29/05) Fitch: Katrina Likely to Be Largest Insured Loss Since 9/11 and 1992's Hurricane Andrew

• (8/29/05) NASD Non-Cash Comp Proposal Stirs Opposition

• (8/24/05) Bermuda Captives Conference Draws Foreign Interest

• (8/24/05) Research Shows Current Cat Models Not Representative of Some Risks

• (8/24/05) PCI Disappointed with Recent Dialogue on NAIC Insurer Receivership Model Act

• (8/22/05) Aon: 4 Airline Crashes Result in $180 Million Bill for Insurers

• (8/22/05) NAIC Task Force Looks at Accreditation Standards for RRGs

• (8/19/05) Reinsurers, insurers warned of raised forecast

• (8/10/05) States compete to reel in 'captive' insurers

• (8/10/05) Fed Raises Rates, Cites Stronger Spending

• (8/9/05) AIG investor suit will be led by Ohio funds, US judge says

• (8/9/05) Global Review: US; US Coalition Calls For Insurance Industry Reform

• (8/9/05) AIG results to reveal effects of recent probes

• (8/9/05) Delaware slashes captive taxes

• (8/4/05) Total Benefits Planning Files Antitrust Lawsuit Against Insurance Giant; Loveland Insurance Innovator Fights for Right to do Business and Save Consumer's Money

• (8/4/05) Captive Conference to focus on healthcare

• (8/4/05) RIMS survey sees continued slump

• (8/2/05) Aon's Second Quarter Profit Up 10 Percent

• (8/2/05) AIA: Anti-Tort Reform Group Distorts Data

• (8/1/05) Hub International to Buy Chubb's Personal Lines Brokerage Business

July 2005

• (7/30/05) Spitzer Summons Moody's Records

• (7/29/05) Health Care Coalition Applauds House Passage of Medical Liability Reform Legislation

• (7/26/05) RenaissanceRe CEO Stanard may be sued over restatement
   

• (7/26/05) RenRe shares dive nine percent
   

• (7/25/05) AMA Calls on Attorney General to Investigate UnitedHealth Group Acquisition of Pacificare Health Systems
   

• (7/25/05) P&C Insurer Profits Nearing Cyclical Peak, Study Warns
   

• (7/24/05) Crusader International Management (Cayman) Ltd.  to purchase the captive management book of BritCay Management.
   

• (7/20/05) Commercial P/C Market Softens More in Second Quarter, Council Survey Shows

• (7/20/05) Fitch Assigns 'AA-' FSR for American Re
   

• (7/20/05) Imagine claims ignorance of Carmichael connection
   

• (7/18/05) Stolte Addresses NCOIL As ACLI Board Offers SOX Alternative
   

• 7/18/05 (Assessing The Impact Of The Proposed COLI Best Practices Act)
   

• 7/14/05) US Senator files bill to block ‘Bermuda loophole’
   

• (7/14/05) Controversy over US control of the Internet
   

• (7/12/05) Liberty Mutual Alternative Markets Continues Growth Of South Carolina Captive Operation
   

• (7/11/05) Munich Re Estimates Insured Damage From Hurricane Dennis At $3-$5 Billion
   

• (7/11/05) A.M. Best Special Report: First Quarter Property/Casualty Results Improve on Strong 2004
   

• (7/11/05) Bermuda-based XL Capital Ltd. under fire
   

• (7/11/05) US Health Insurer WellPoint To Pay Up To $198 Million For Class-Action Settlement
   

• (7/7/05) U.S. Needs Federal Terror-insurance Program, NAIC Says
   

• (7/7/05) Self-Insurance Institute of America (SIIA) has added its fall conference to the Conference Calendar.
   

• (7/5/05) Montana Captive Insurance News - July 2005 issue.
   

• (7/5/05) OneBeacon management shake-up
   

• (7/4/05) Report Urges Better Insurance Against Cost Of Terror Attacks
   

• (7/1/05) Swiss Re Economists See Underwriting Discipline Key to Profitability

June 2005

• (6/27/05) The Internal Revenue Service and the Department of the Treasury have issued Notice 2005-49, which seeks comments on the standards for determining whether an arrangement constitutes insurance for federal income tax purposes.  Comments are being sought in several captive-related areas, including what factors that should be taken into account in determining cell captive arrangements.  View Notice 2005-49 (3-page pdf file).  Comments to the IRS are due October 3rd.  CICA will be tracking this developing issue.

• (6/27/05) High-profile insurance brokerage start-up Integro is about to put Bermuda on the map of its expanding network

• (6/27/05) Amendments ‘to enhance Bermuda’s international business product’
   

• (6/24/05) Insurers send petition to US Congress

• (6/24/05) S&P Reports on European Insurers

• (6/23/05) A.M. Best Affirms Financial Strength Rating of Old Republic Title Insurance Group; Assigns Issuer Credit Ratings

• (6/20/05) Industry Waits Anxiously For Report On TRIA Extension

• (6/20/05) The epitome of corporate greed - Tyco CEO

• (6/20/05) Eqecat expects three to five large US hurricanes this year

• (6/17/05) AIG Sets Date for Annual Meeting of Shareholders; Announces Governance Changes

• (6/16/05) NAIC Calls for a Balanced Approach to Insurance Regulation; Testimony Before the Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises Addresses the SMART Proposal and How to Best Protect America's Insurance Consumers

• (6/14/05) Seminars to explain the facts of finite risk

• (6/14/05) Nation’s largest insurance association reaffirms support for SMART Act

• (6/13/05) NAIC Broker Activities Task Force Upholds Compensation Disclosure Amendment

• (6/12/05) Costco to Sell Health Insurance in Calif.

• (6/10/05) Second former Gen Re exec pleads guilty in case involving AIG

• (6/9/05) Greenspan: Economy on 'firm footing'

• (6/8/05) Impending guilty plea a big break in AIG probe

• (6/7/05) European Parliament Approves Reinsurance Directive

• (6/7/05) Second quarter newsletter from Strategic Risk Solutions, including articles on managing collateral requirements and a domicile update on the District of Columbia. 

• (6/6/05) AIA Backs U.S. Trade Negotiators for Advancing Export, Trade Initiatives at the WTO

• (6/3/05) Life Insurance Consumers Alliance Applauds Carriers' Study on Life Settlements

• (6/3/05) What's ahead for the new SEC?
   
• (6/1/05) Benfield: Bermuda's Q1 growth in insurance sector almost stalled
   

• (6/1/05) AIG Wipes Out $3.9 Billion in Earnings

May 2005

• (5/27/05) NAIC will discuss plans to resolve EU/US issues
   

• (5/25/05) Statutory Remedies to Curb Fraud Abuse Spreading Across U.S., Says NAMIC
   

• (5/23/05) SEC Guidance On SOX Hailed By Insurers
   

• (5/22/05) Insurance Brokers and Underwriters Must Invest in Client Industry Expertise and Technical Resources, Says Jardine Lloyd Thompson
   

• (5/19/05) Bermuda Companies Under Scrutiny Must Have ‘Comprehensive’ Strategies at the Ready
   

• (5/19/05) The Demise Of Pension Plans
   

• (5/18/05) Robert Gaffney New President of Liberty Mutual Alternative Markets
   

• (5/16/05) Former General Re Execs Reportedly Targeted in SEC Probe
   

• (5/16/05) AIG's Transatlantic subpoenaed over offshore reinsurance
   

• (5/12/05) The Hartford Unveils Online Insurance Center to Serve Large Businesses
   

• (5/12/05) Click here for link to Insurance Journal's article, "PCI's Csiszar Accuses Spitzer of 'Corporate Terrorism' and of Ignoring Own Conflicts"
   

• (5/7/05) Florida Insurance Overhaul In Jeopardy
   

• (5/6/05) Insurance Jobs Rose By 1,700 In April
   

• (5/6/05) FBI Could Bring Criminal Cases In Insurance Industry Probes
   

• (5/05/05) FBI Is Taking Look at Insurers
   

• (5/04/05) A.M. Best Downgrades Ratings of AIG, Inc.'s Insurance Subsidiaries; All Ratings Remain under Review
   

• (5/02/05) Perspectives:  NAIC Tries To Model Corporate Gevernance In A Verson That Satisfies All
   

• (5/02/05) Buffett Expresses Confidence in AIG
   

• (5/02/05) AIG to Restate Past Financials as Internal Audit Continues; Acknowledges Lack of Internal Controls
   

• (5/02/05) June 1 Hearing Over Alleged Unlicensed Sale Of Insurance
   

• (5/02/05) Scott Beats Business Drum

April 2005

• (4/29/05) NAIC TEAMS WITH ACTUARY GROUP IN STUDY OF FINITE REINSURANCE RISK TRANSFER
   

• (4/29/05) Nearly Half of Large and Mid-Sized U.S. Businesses Buy Terror Coverage, Marsh Study Finds
   

• (4/29/05) Sarbanes Oxley Drives Up Large Companies' Audit Costs by $1.4 Billion
   

• (4/28/05) View 2005 Vol.1 Edition of the Bermuda Insurance Update
   

• (4/28/05) View 2004 Vol.4 Edition of the Bermuda Insurance Update
   

• (4/26/05) Fla. Insurance Commissioner McCarty Issues Subpoenas to 17 Reinsurers
   

• (4/25/05) So the Rich Get Richer?
   

• (4/25/05) Banks getting big in insurance
   

• (4/25/05) Insurance Profits Reveal Gouging, Need for Reforms; Industry Report Shows Seeds of Future Insurance Crisis
   

• (4/20/05) From Brokers and Risk Managers, Mixed Signals on Compensation and Conflicts of Interest
   

• (4/20/05) Aon: Businesses Must Not Ignore Terrorism Risk
   

• (4/19/05) New Site for Health Insurance Quotes Provides Best Service
   

• (4/19/05) Insurance Broker Report Outlines Spitzer Settlements And Results Of Leading Firms; Results Continue To Deteriorate
   

• (4/19/05) Awards Announced For "Worst Claims Writing Of The Year"
   

• (4/15/05) Insurers, Regulators Edge Toward middle Ground On Sarbanes-Oxley Issues.
   

• (4/14/05) House passes estate tax ban
   

• (4/13/05) Industry Pans SEC Proposed Disclosure Rule; Information Would Have To Be Provided At The "Point Of Sale"
   

• (4/13/05) Big "I" Praises House For Passing Death Tax Repeal
   

• (4/13/05) Insurance Premiums Coming Down
   

• (4/04/05) US crackdown bill has little chance of becoming law
   

• (4/5/05) Insurance reform adrift amid scandals
   

• (4/5/05) Fourth AIG staffer resigns from Bermuda office
   

• (4/5/05) NAIC Looks To Ease Legislator Concerns
   

• (4/5/05) U.S. Insurance Jobs Decrease By 6,700 In March

March 2005

• (3/28/05) Largest Insurance Firms Ranked on How They Treat Online Customers In First Quarter 2005 Online Customer Respect Study

• (3/28/05) NAIC Drops SMART Bomb On Congress

• (3/28/05) Greenberg to Retire as AIG Chairman

• ( 3/21/05) Gordon Brown Leaves 'Non-Doms' Unscathed

• (3/21/05) Insurance Industry Looks At What's Next As AIG Leader Steps Down

• (3/18/05) CICA board chair Dan Labrie was interviewed for the article The Role of the Captive Insurance Companies Association (CICA) in the Captive and Risk Retention Group Industry.

• (3/18/05) In U.S. Congress, Parties Part Ways On Possibility Of Permanent Terrorism Insurance.

• (3/18/05) America's New Breed of CEOs.

• (3/15/05) AIG Forms One-Stop Construction Insurance Unit

February 2005

• (2/28/05) Arizona Captive Insurance Association's (AzCIA) Second Annual Conference will be held May 4-6, 2005

• (2/26/05) Insurance probe has found problems, Kreidler reports

• (2/26/05) NAIC Reinsurance Group Focuses On Finite Transactions

• (2/24/05) Arizona Captive Insurance Association Develops Legislation to Enhance Arizona Captive Law

• (2/18/05) House Approves Tort Reform Act

• (2/11/05) Recipients Of The BII'S 7th Annual Insurance Industry Awards Announced

• (2/9/05) ISO: Insurers Pay a Record $27.3B in 2004 Cat Losses

• (2/9/05) Jan(2/9/05) Long-Simmering Insurance Industry Issues Tackled In Bush Addressuary Insurance Payrolls Tumble 1,700 On Top Of 9,800 Jobs Lost In Revisions

• (2/9/05) Long-Simmering Insurance Industry Issues
  Tackled In Bush Address

• 2/03/05 - Gov. Sanford Names Eleanor Kitzman as Director of Insurance in South Carolina

• 2/03/05 - Captive Insurance Companies Association (CICA) Names New President

January 2005

• 1/25/05 - View the latest edition of the official journal of the Bermuda Insurance Update

• 1/20/05 - New Arizona Application Forms For Captive Insurers, January 5, 2005

• 1/20/05 - Marketplace Actuary position available within the Arizona Insurance Department

• 1/16/05 - D-Day for U.K. Insurance Industry as FSA Assumes Regulatory Control; AXA Fined $940,000

• 1/16/05 - NAIC OKs Part Of Proposed Producer Fee Disclosure

• 1/16/05 - P-C Carriers Set Marketing Agendas For 2005

• 1/16/05 - Insurance Company Failures Decline 48% in 2004

• 1/12/05 - 2004 Tops 700 Captive Milestone - 43 Captives Licensed Brings Total to 717 at Year End

December 2004

• Discussions Held For Possible Merger of CICA and NRRA

• 12/27/04 - Probes Continue; Spitzer: No Letting Up; Attorney General Says He Will Continue To Focus On Corruption In Financial Industry In The Coming Year

• 12/27/04 - New Life Reinsurer Wilton Re Raises More Than $600 M

• 12/27/04 - SEC Probing Marsh's Relationship With Its Equity Firm

• 12/17/04 - US Brokers Back Compensation Disclosure Plans

• 12/17/04 - Lloyd's Announces $26.5 Billion Capacity For 2005

• 12/17/04 - Guy Carpenter Unveils Disclosure Doctrine

• 12/15/04 - S&P Says WTC Verdict Won't Affect Insurer Ratings

• 12/15/04 - Bermuda Insurance Incorporations for November 2004

• 12/15/04 - Marsh, Aon, Willis Face More Risks From Spitzer - Analyst

• 12/13/04 - AXIS Authorizes $350 Million Share Repurchase Plan

• 12/13/04 - St. Paul Travelers Subpoenaed Again in N.Y.

• 12/10/04 - St. Paul Travelers Subpoenaed by N.Y. Attorney General

• 12/10/04 - A.M. Best Reports Not Seeing Change in Ratings for Nine Insurers Affected in World Trade Center Verdict

• 12/10/04 - Swiss Re "Risk Perception" Report Finds Accelerating Changes Complicate Risk Management

• 12/09/04 - S&P Reports Stable Outlook for U.S. Reinsurers

• 12/09/04 - New Act Tightens Insurance Regulations

• 12/08/04 - AXIS Acknowledges Receipt of Subpoenas

• 12/08/04 - Benfield: Reinsurers Should Weather Storms

• 12/07/04 - XL Reorganizes Global Management Structure

• 12/07/04 - Survey Shows Gain in Market Conduct Uniformity

• 12/06/04 - Aon Steered Clear of Insurance Wrongdoing, CEO Ryan Insists

• 12/06/04 - Spitzer Remit Is Not Finite

• 12/03/04 - Aon Sells Bulk of Endurance Stake

• 12/03/04 - Gallagher Bassett Services Receives Subpoena from NY AG

• 12/03/04 - Swiss Re Economists Note Stock Market Risk

• 12/02/04 - P/C Association Chief Csiszar Criticizes Spitzer Probe

• 12/02/04 - Bank CEO Says Spiralling Costs Could Undermine the Advantages of Doing Business in Bermuda

• 12/02/04 - AIG's Greenberg Predicts "Learner, More Responsive" Insurance Brokers in Wake of Investigations

• 12/01/04 - Execs Predict Shift in Insurance Brokerage Compensation in 2005

• 12/01/04 - FERMA Survey Finds Risk Managers Question Broker Compensation; More Transparency Needed

• 12/01/04 - New Legislation Tightens Regulation Of Bermuda's Insurance Industry

November 2004

• 11/30/04 - NCOIL, Regulators Seek Joint Model For Broker Compensation

• 11/30/04 - RAA Survey Says U.S. Reinsurers Wrote $22.3 B in 3Q

• 11/29/04 - NAIC Proposes Broker Disclosure Model Law

• 11/24/04 - AIG Nears Settlement With SEC, DOJ

• 11/24/04 - A.M. Best is Cautious About Finite Reinsurance Prospects

• 11/23/04 - Swiss Re Hurricane Report Stresses Risk Analysis

• 11/23/04 - Marsh "Hopeful" of Quick Settlement But No Timetable Has Been Set

• 11/22/04 - Swiss Re Receives SEC, Spitzer Subpoena Requests

• 11/22/04 - Spitzer Tells Congress State Insurance Regulation Has Failed

• 11/22/04 - Bermuda Planning To Toughen Hedge Fund Regulation

• 11/19/04 - Insurance Officials Propose New Brokerage Disclosure Rules

• 11/19/04 - Insurance Chief Sues Companies In Kickback Inquiry

• 11/19/04 - Marsh & McLennan Cuts Five Internal Executives from Board; Names Beshar as New Counsel

• 11/18/04 - Strategic Risk Solutions Q4 Newsletter:  Employee Benefits in Captives, Domicile Update: Vermont, and SRS News (PDF File)

• 11/18/04 - "Some Insurers Using Bermuda to Evade State Regulation"

• 11/18/04 - Rated Self-Insurance Pools Outperform Commercial Insurers and Captives, A.M. Best Study Shows

• 11/17/04 - Conn. AG Urges Tougher State Action, Offers Own Insurance Reforms In Testimony Before Senate Panel

• 11/17/04 - Insurers Offered Brokers Trips and Stock - Spitzer

• 11/17/04 - Spitzer Gets Two More Scalps in Insurance Investigation

• 11/17/04 - Atlas Insurance Management Expands Operations to Nevis (PDF File)

• 11/16/04 - N.Y. AG Spitzer Suggests Off-Shore Insurers, Rating Organizations, Insurer Investments Should be Next Targets

• 11/16/04 - ACE Receives Subpoenas for Nontraditional Insurance

• 11/16/04 - Independent Insurance Agents Defend Themselves at Senate Hearing Over Broker Compensation

• 11/16/04 - The Lineup: Who Has Been Subpoenaed

• 11/15/04 - Zurich NA Latest Insurer to Suspend Employees as Fallout from Marsh Probe Continues

• 11/15/04 - Uh-oh:  Now Spitzer Looks at Financial Reinsurance

• 11/15/04 - Decline in Catastrophe Pricing Likely to be Halted, Says Benfield

• 11/11/04 - Atlas Insurance Management Approved As Resident Manager In British Virgin Islands (PDF File)

• 11/11/04 - Carvill Launches London Reinsurance Operation

• 11/11/04 - Reports Persist That Spitzer Will Widen Net

• 11/11/04 - Insurer Group Urges States To Stay On Course Despite Spitzer Probe

• 11/10/04 - Starting With Prudential, Feds Now Follow Up On Spitzer Allegations

• 11/10/04 - Axis Capital Prices $500 Million Senior Notes Offering

• 11/09/04 - Marsh & McLennan to Lay Off 3,000 Workers & Make Management Changes; Egan, Treanor Out

• Senior Managers Set to Buy CNA Unit

• 11/08/04 - US Insurance Scandal Set To Be Focus Of Senate Inquiry

• 11/08/04 - New Reference Guide to Purchasing Groups Released

• 11/05/04 - ACE Unveils New Spitzer-Friendly Compliance Plan

• 11/05/04 - MarketScout: Bid Rigging, Incentive Commissions, Hurricanes and a Presidential Election Impact P/C Market

• 11/05/04 - ACE Fires Two Employees in Bid-Rigging Controversy

• 11/04/04 - Maryland Could Open Up to Captives After Reform

• 11/04/04 - XL Insurance Unit Announces Expanded D&O Policy

• 11/04/04 - Axis Capital Gets New Subpoena From Eliot Spitzer

• 11/03/04 - XL Discontinues Placement Service Agreements

• 11/03/04 - AIR Analysis Says 2004 Hurricane Season Not So Unusual

• 11/02/04 - Marsh Moves to Collect Outstanding MSA Fees

• 11/02/04 - NAIC Task Force of 13 States to Lead Broker Investigations, Develop Model Disclosure Law

• 11/02/04 - Marsh Bonds Weaken As Probe Widens

• 11/01/04 - Spitzer: Industry Fights Back

• 11/01/04 - XL To Face Analysts' Scrutiny

• 11/01/04 - ACE Ratings Get Negative Outlook

October 2004

• 10/28/04 - Strategic Risk Solutions Licensed in Cayman (PDF File)

• 10/28/04 - We are Taking Allegations Seriously, Says Greenberg

• 10/28/04 - Bermudian Firm Teams Up With American Partners to Provide Risk Management Services

• 10/28/04 - Spitzer's Next Move May Be Against Insurers in Marsh Lawsuit

• 10/28/04 - Aon Becomes Third Major Broker to Cease Contingent Commissions

• 10/27/04 - Spitzer: Corporate Criminal Prosecution for Marsh Not Necessary Following Greenberg Resignation

• 10/27/04 - Hawaii Welcomes Sanyo for Captive Insurance

• 10/26/04 - Liberty Mutual Opens Captive Management Company in South Carolina

• 10/26/04 - Greenberg Out, Cherkasky In, at Marsh; Broker Vows to Unveil "Significant Reforms" Today

• 10/26/04 - RMS Updates U.S. Terrorism Risk Model

• 10/26/04 - Insurers: Q3 Earnings Schedule

• 10/25/04 - Lloyd's Urges Business Leaders to Treat Risk Management Separately from Compliance

• 10/25/04 - Companies Joining Forces to Offer Risk Management Services

• 10/22/04 - Arizona Hits the 33 Captive Mark

• 10/22/04 - A.M. Best: Cycle Management Key to Reinsurance Industry Financial Strength

• 10/22/04 - US Insurers Exposed By Tip-Off

• 10/21/04 - Evaluating Overcharges: Should Your Company Pursue Claims Against Brokers and Carriers?

• 10/21/04 - Alea Group Names Weidman Group Chief Actuary

• 10/20/04 - MIMS International Newsletter - Article from Dick Goff, CICA Member

• 10/20/04 - ACE Rocked By Major Insurance Controversy

• 10/20/04 - BMA Keeps Eye On Spitzer Probe

• 10/20/04 - "No Immediate Rating Actions" on AIG, ACE, Hartford, Says S&P

• 10/14/04 - Corporations Adopting a "More Risk Averse Approach"

• 10/13/04 - Storms' Impact on Insurers

• 10/12/04 - Montpelier Re, OPIC Offer Terrorism Cover Abroad

• 10/12/04 - Jacks: Set Time Limits on Arbitration Process

• 10/12/04 - What Went Wrong at Mutual Risk

• 10/11/04 - Reinsurance Law Book Expected To Sell Out

• 10/11/04 - Alternative Markets Ease Construction Woes - One Broker Cites Option Starting With a Home Warranty and Ending With a Captive

• 10/11/04 - Alea Group Estimates Hurricanes' Impact at $55 Million

• 10/11/04 - Bermudian Leader Calls For Regional Insurance Pool

• 10/07/04 - SRS:  Access Newsletter (Q4, 2004) (PDF File)

• 10/07/04 - South Carolina Licenses 100th Captive

• 10/07/04 - Private Equity Market Falls Short On Risk Management

• 10/06/04 - P/C Insurers' Loss Reserves "Remain Deficient" Says Best Report

• 10/06/04 - Reinsurers Counting the Cost of Hurricanes

• 10/05/04 - Insurance Claims Payouts for 4 Storms to Top $22B

• 10/04/04 - Bermuda Business Calendar

• 10/04/04 - Endurance Specialty to Buy Stake in XL Re America

• 10/01/04 - Aspen Announces Plans to Expand and Diversify; Best Comments

• 10/01/04 - Europe Warms to Bermuda as a Global Risk-Market Power

September 2004

• 09/30/04 - KPMG Survey Says Executives Less Optimistic On Premium Growth, Industry's Ability to Grow Margins

• 09/30/04 - New Report from Fitch Examines Reinsurance Recoverable Credit Trends

• 09/30/04 - Insurers Foresee Rate Hikes After Storms

• 09/29/04 - Barbados Told Bermuda Business for the Taking

• 09/29/04 - Jeanne Means 2004 is Worst Ever for US Hurricane Losses

• 09/29/04 - PXRE Comments on Recent Catastrophes

• 09/28/04 - Key Management Staff Purchases All Operations of SEB Asset Management America, Inc.

• 09/28/04 - Vermont Welcomes Its 700th Captive

• 09/28/04 - PartnerRe Estimates Q3 Hurricane Losses

• 09/28/04 - R&M Releases International Reinsurance Review

• 09/27/04 - S&P Bulletin on P/C Holding Company Analysis Method

• 09/27/04 - RMS Estimates $4 to $8 B Insured Losses from Hurricane Jeanne

• 09/27/04 - Embattled Oklahoma State Insurance Commissioner Resigns

• 09/27/04 - Koken Wants Full Tell As President Of NAIC

• 09/22/04 - Vermont Eclipses 700 License Mark for Captives - Brisk Pace Continues for 2004

• 09/22/04 - A.M. Best Report: Property/Casualty Insurers Post Solid Results; Surge In Hurricane Losses Changes Tone for Upcoming Quarters

• 09/22/04 - RMS Estimate Ivan Insures Losses At $3-$6 Billion

• 09/22/04 - Alea's First-Half Profit Halves

• 09/20/04 - Bermuda Insurance Update (PDF File)

• 09/20/04 - Hedge Funds Bet on Catastrophe Reinsurance

• 09/20/04 - S&P Analyst Urges Market To Be More Sophisticated In Its Use of Ratings

• 09/20/04 - Cumulative Hurricane Losses May Reserve Rates

• 09/17/04 - RMS: Potential Losses for Hurricane Ivan, $2 to $7 Billion

• 09/17/04 - Ivan-hit Cayman Companies Thrown a Bermuda Lifeline

• 09/17/04 - New Max Re Division

• 09/17/04 - Fitch: Ivan May Become Second Costliest Hurricane for U.S. P&C Insurers

• 09/17/04 - Study:  Catastrophe Property Price Softening Will Be Moderate

• 09/14/04 - Guy Carpenter Releases Study of 2004 World Catastrophe Reinsurance Market

• 09/14/04 - Bermuda's Reinsurers Power Up Rankings

• 09/13/04 - A.M. Best Says Reinsurer Financial Strength in Balance

• 09/13/04 - S&P Concerned by Hurricane Ivan; "Challenges Insurers' Predictive Models"

• 09/13/04 - Florida, Insurers Brace for Ivan

• 09/10/04 - Review Worldwide Reinsurance Awards for RMS, Guy Carpenter, Hannover Re

• 09/08/04 - It May Not Be So Bad - After All

• 09/07/04 - GE Employers Re Now GE Insurance Solutions

• 09/07/04 - RMS Estimates Insured Losses of $3 to $6 Billion From Hurricane Frances

• 09/07/04 - Aspen to Start Selling Aviation Insurance in UK

• 09/01/04 - Island Reinsurers In Middle Of The Pack

• 09/01/04 - Reinsurers Keep Alive The Hope Of A Federal Asbestos Trust Fund

August 2004

• 08/31/04 - Four More Reinsurers Fear Major Losses

• 08/31/04 - Weiss: P/C Insurers Report First Underwriting Profit Since 1997

• 08/30/04 - Vermont Counts the Way It Loves Captive Insurers

• 08/30/04 - AXIS Bears Brunt of Charley

• 08/27/04 - PCI: Fla. Businesses Hit Hard by Charley

• 08/25/04 - Reinsurers Continue to Count Cost of Charley

• 08/23/04 - NAIC Loses Candid Regulatory Critic as S.C. Commissioner Resigns to Head PCI

• 08/23/04 - RenRe Estimates Charley Impact Between $100-140 Million, Including DaVinci Re

• 08/18/04 - EC to Begin Formal Work on Insurer/Reinsurer "Solvency 2" Rules in 2005

• Providing Insurance, Reassurance; In Charley's Aftermath, Agents Have Arrived with Checks, Advice and the Message that "Everything is Going to be OK"

• 08/17/04 - A.M. Best Comments on Impact of Hurricane Charley on Property/Casualty Industry 

• 08/16/04 - A.M. Best Special Report: Can Solid Results Be Sustained in Domestic Captives?

• 08/16/04 - RMS Revises Hurricane Charley's Insured Loss Estimate to Around $5 Billion

• 08/12/04 - ACE USA's Global Terrorism Unit To Offer Unique, New Policy to Protect Businesses From Losses Incurred in Evacuation

• 08/10/04 - ACE European Group Predicts More Alternative Risk Financing Over the Next Five Years

• 08/09/04 - Endurance Specialty Reports $850M Credit Facility

• 08/09/04 - A.M. Best Affirms FSR for Island Heritage Insurance Co.

• 08/09/04 - AIR's 2004 U.S. Peril Model Updates Incorporate the Latest Scientific Advances

• 08/06/04 - Mystery Over Sham Insurers

• 08/06/04 - Underwriting Income Rises

• 08/06/04 - "Stop the Senseless Price Cutting"

• 08/06/04 - Multi-State Study of Credit Scoring Called Off

• 08/05/04 - Insurers Are as Prepared as Ever for Potential Terrorist Attacks

• 08/04/04 - Liberty Mutual Group Reports Q2 2004 Net Income of $407 Million

• 08/03/04 - Newsletter from Raymond James - "Is the Light at the End of the Tunnel a Train?" (PDF File)

• 08/02/04 - View Recent Amendments to South Carolina's Captive Laws.  Reports indicate that the biggest change is the addition of "Article II - Special Purpose Financial Captives". (48 page PDF File)

• 08/02/04 - Max Re Announces Executive Appointments

• 08/02/04 - ACE Will Not Sacrifice Underwriting Discipline, Says CEO Greenberg

July 2004

• 07/30/04 - Arch Capital Unveils Q2 Numbers

• 07/30/04 - A.M. Best Report: UK Life Insurers Show First Signs of Recovery Amid Stable Equity Markets

• 07/29/04 - Q3 Newsletter from Strategic Risks Solutions (PDF File) 

• 07/28/04 - Newsletter from Raymond James (PDF File)

• 07/28/04 - Fitch: Reinsurance Sector Rating Outlook Revised from Negative to Stable

• 07/28/04 - Losses on Investment Sales Behind Net Income Fall

• 07/26/04 - A.M. Best Sees Stable Ratings for Reinsurers

• 07/26/04 - Insurers May Face Tighter Rules

• 07/26/04 - PCI: Senate Bill Reflects Importance of TRIA Extension to American Economy 

• 07/23/04 - Reinsurers Strive to Balance Returns; Capital Adequacy Success Will Determine Stability of Ratings

• 07/23/04 - Island Insurance Stocks Continue Slide

• 07/23/04 - New Report Adds to Evidence of Reinsurance Recoverables Crisis 

• 07/22/04 - Arizona Appoints Captive Insurance Administrator

• 07/21/04 - PCI Says Lack of "Due Process" Still an Issue with Market Conduct Model Act

• 07/21/04 - Arthur J. Gallagher Acquires Johnsey Insurance Agency

• 07/20/04 - Vermont Licensed Captives Close to 700, 6 RRG's Included in Total for 2004

• 07/19/04 - U.S. House Brings More Pressure on Offshore Tax Shelters

• 07/19/04 - Csiszar Calls for Focus on Regulation at 12th Annual Texas P/C Symposium

• 07/16/04 - RIMS: Soft Market Takes Hold as Commercial Premiums Decline 15%

• 07/15/04 - Assurex Global Re Forms Construction Risks Captive

• 07/14/04 - ACE Division Puts Focus on Mid-Sized Companies

• 07/14/04 - Weiss Report: P/C Insurers Earn $32.3 Billion in 2003, Industry Reports $48 Billion Investment Gain

• 07/13/04 - Newsletter from Raymond James - Property/Casualty Insurance: 2Q04 Earnings Update & Preview (PDF File)

• 07/12/04 - Newsletter from Raymond James - Equity Research (PDF File)

• 07/09/04 - Bermuda Readies for Latin Insurance Forum

• 07/09/04 - Analyst Sees Return of 'Soft' Insurance Market

• 07/09/04 - PCI Urges NAIC to Drop Insurance Scoring 'Best Practices;' Focus on Consumer Education

• 07/09/04 - ACE Global Re Expands Finite Risk Reinsurance Market 

• 07/08/04 - TRIA Final Claims Regulation

• 07/07/04 - Re-Insurance/Who is Afraid of Inspection Clause?

• 07/07/04 - ESIS Unveils New Risk Management System

• 07/07/04 - Swiss Re Receives Taiwan Branch License

• 07/06/04 - Survey: Pricing Surpasses Terrorism as Top Concern

• 07/06/04 - Reinsurance Margins and Lack of Naive Capacity Limit Retro Market

• 07/06/04 - Incorporations Slow Up in First Six Months

June 2004

• 06/30/04 - Risk Retention Groups on the Rise

• 06/30/04 - P/C Industry's Q1 Net Income Doubles

• 06/30/04 - Fitch: New Bermuda Insurers Shine in the Sun, But Can They Handle Rain?

• 06/30/04 - XL's Polish Operation Clears Regulatory Hurdle

• 06/29/04 - Workers' Comp Rates Finally Fall

• 06/28/04 - Direct Insurers "On the Road to Recovery" Says New Swiss Re Sigma Study

• 06/28/04 - St. Paul Sells 6 Million Shares in Platinum

• 06/28/04 - Kubota Expands Insurance Services Available to Customers

• 06/25/04 - Proposal to Extend TRIA Until 2007 Meet Insurers' Approval

• 06/25/04 - Best Announces Ratings on 55 Canadian P/C Insurers

• 06/25/04 - Eklund Quits RenRe Post

• 06/24/04 - Portuguese Company Forms Captive Insurer

• 06/24/04 - Best: Q1 P/C Results Build on 2003 Profit Surge

• 06/24/04 - Willis to Acquire Irish Broker Coyle Hamilton

• 06/23/04 - New Reinsurer Blamed for Price Drop

• 06/23/04 - Swiss Re Economists See Further Improvements in Insurance Industry's Profitability

• 06/23/04 - Reinsurers See Pricing Pressure in Run Up to June 30 Renewal Deadline

• 06/21/04 - New Job Opportunity Posted in Career Section of Web site

• 06/21/04 - S&P: Reinsurance Backing Increasingly Flimsy, Conference Panelists Say

• 06/21/04 - Aon Study Finds 2003 P/C Earnings Volatility Lower

• 06/21/04 - Terrorism Insurance Act Extended Through 2005 Treasury Acts Early to Preserve Coverage

• 06/18/04 - Can Bermuda Handle More Insurers?

• 06/18/04 - Panelists Say U.S. Reinsurers Must Resist Temptation

• 06/18/04 - S&P Publishes P/C Insurer Report Card

• 06/17/04 - Flex Rating, Other Insurance Bills Pass South Carolina Session

• 06/16/04 - Bermuda Insurance Update (PDF File)

• 06/15/04 - Bermuda Insurers on a Roll - As Good as It Gets?

• 06/15/04 - View CICA Member Strategic Risk Solutions 1st Quarter 2004 Newsletter, Including An Article on Capital Demands (PDF File)

• 06/15/04 - View CICA Member Strategic Risk Solutions 2nd Quarter 2004 Newsletter, Including An Article on the Fronting Market (PDF File)

• 06/14/04 - BMA Reports Decline in Insurance Incorporations

• 06/14/04 - Guy Carpenter, EQECAT Announce Probabilistic German Flood Risk Model

• 06/11/04 - Ezekiel Predicts Increase in Outsourcing

• 06/11/04 - Risk Retention Group Growth Rate Accelerates Annual RRG Premiums Soared 37.4 Percent in 2003 to $1.737 Billion

• 06/11/04 - S&P Reports on P/C Commercial Lines Insurers; Raises Outlook to Stable

• 06/11/04 - Insurers Focus on Improving Modeling

• 06/09/04 - Reinsurance Sector Set for Strong Year

• 06/09/04 - U.S. Court Ruling Goes Against Centre Solutions

• 06/09/04 - No Conflict in Brokers Being Paid by Insurers - Sinnott

• 06/09/04 - ACE Limited Executives to Present at Standard & Poor's Insurance 2004 Seminar in New York

• 06/07/04 - Insurance Report - From Raymond James and Associates (PDF File)

• 06/07/04 - S&P Affirms ACE Ltd. "BBB+" Ratings

• 06/07/04 - Best Affirms Rating for Rembrandt Insurance Company

• 06/07/04 - S&P Affirms Axis Specialty "A" Ratings 06/04/04 - ACE Limited Appoints Ringsted Chief Actuary

• 06/04/04 - AIG Chairman Has No Plans To "Chase Prices Downhill"

• 06/04/04 - Testing Time Ahead For Reinsurers Says Standard & Poor's

• 06/02/04 - ACE Limited Announces Planned Issuance of $500 Million Senior Notes by Subsidiary

• 06/02/04 - U.S. Reinsurers Post First-Quarter Underwriting Gains

• 06/02/04 - Industry Leaders Set to Confront "Challenges That Lie Ahead"

• 06/01/04 - Montpelier Re Agrees to Repurchase Shares

• 06/01/04 - ACE, XL Remain Dominant Players

• 06/01/04 - Gross Premiums Written  

• 06/01/04 - Lloyd's Came Top in Underwriting Last Year, FT Says

May 2004

• 05/28/04 - Market Keeps Softening; ART Clout Rising

• 05/28/04 - Bermudian Captures Top XL Underwriting Job

• 05/28/04 - Greenberg Takes Up ACE Reins

• 05/27/04 - AIG Small Business Introduces New Online Services for Insurance Brokers and Agents

• 05/27/04 - Moody's Lowers Swiss Re's Ratings

• 05/27/04 - Montpelier Re Authorizes $150 Million Share Repurchase Program

• 05/27/04 - RRG Market Growing In Numbers, Markets

• 05/26/04 - Aon to Outsource Most U.S. IT Infrastructure to CSC

• 05/26/04 - Willis Secures Majority Control of Argentina Operations

• 05/26/04 - Best Affirms Montpelier Re 'A' Rating; 'bbb' Debt

• 05/26/04 - XL Re Pursues Growth in Europe, Life Reinsurance

• 05/26/04 - Best Affirms Alea Group Subs 'A-' Ratings

• 05/25/04 - Perspectives/Risk Knowledge, Proactivity Drives Reinsurance Evolution

• 05/25/04 - Endurance Buys Back Shares From Lightyear

• 05/25/04 - Commissions a Conflict, Say Insurance Buyers

• 05/25/04 - ri3k Receives Three ACORD Awards

• 05/25/04 - Reinsurance Brokers Bring 'More Value Than Ever,' Guy Carpenter CEO Tells Connecticut CPCU

• 05/24/04 - CICA Member - Strategic Risk Solutions - First Quarter Newsletter (PDF File)

• 05/24/04 - Best's 34 -Year P/C Insolvency Study Finds Industry Remarkably Resilient

• 05/24/04 - Bank of Butterfield Unveils Its New Brand

• 05/21/04 - Managing Patient Expectations Involves Implementing an Authentic "Informed" Consent Process

• 05/21/04 - Lloyd's Issues 2003 Annual Report

• 05/21/04 - P/C Rate Increases Steady...For Now

• 05/20/04 - New Job Posted - Captive Insurance Administrator - Arizona Department of Insurance

• 05/20/04 - Partner Re to Buy Back Shares

• 05/20/04 - Swiss Re Sees U.S. Economy Strengthening

• 05/19/04 - Insurers Urge Senate to Extend TRIA

• 05/19/04 - MMC to Buy Kroll for $1.9 Billion

• 05/18/04 -AzCIA Press Release

• 05/18/04 - Captive Insurance Industry Booming

• 05/18/04 - PCI White Paper: Insurer Profitability Must Be Viewed Over Long Term

• 05/18/04 - Chinese Learn Secrets of 'Insurance Heaven'

• 05/17/04 - Conyers, Dill & Pearman May 2004 Bulletin (PDF File)

• 05/17/04 - New RMS Tool Automates Preparation for Exposure Data in Standard ACORD Format

• 05/17/04 - Everest Re Group Announces Dividend

• 05/14/04 - S&P Report: Property Catastrophe Reinsurance Shows Good Year, Despite Higher Losses

• 05/13/04 - S&P Backs Reinsurer's Discipline

• 05/12/04 - 'Why Didn't Someone Tell Me?' Insurance Issues That Affect Your Business

• 05/12/04 - S&P Affirms Montpelier Re Ratings;  Outlook Stable

• 05/11/04 - Stephen Cross Appointed to CEO of AON Captive Services Group (ACSG)

• 05/11/04 - S&P Reports on U.S. P/C Industry Financial Condition

• 05/10/04 - Dick Marshall Leaves AZ Department of Insurance to Become President/CEO of Camelback Captive and Risk Management Services

• 05/10/04 - Insurer Groups Say Multistate Credit Scoring Study Likely to Be Biased

• 05/10/04 - Major Challenges Ahead for Excess D&O Market

• 05/10/04 - 'Outstanding' Q1 as Aspen Reports Net of $85 Million

• 05/10/04 - 'I believe there has to be consolidation'

• 05/07/04 - ACE USA Appoints Cook as VP - ACE Captive Solutions

• 05/07/04 - Profits Jump at Scottish Re

• 05/06/04 - 'Politically Motivated' Probe Will Blow Over: Insurance Bosses

• 05/05/04 - Market Looks Through Better-than-Expected Results (PDF File)

• 05/05/04 - Reinsurer Can Adapt To Risk(ier) Business

• 05/05/04 - PCI Expresses Concerns on States' Credit Scoring Study

• 05/04/04 - CIAB Data No Surprise: Rate Increases Decelerate Across Commercial Lines (PDF File)

• 05/04/04 - Jury for Swiss Re in WTC Recovery Case

• 05/04/04 - Max Re Reports Strong Q1 Results

• 05/04/04 - RRG's Global Hegemony

• 05/03/04 - Property/Casualty Insurance 2003 10K Loss Reserve Review (PDF File)

• 05/03/04 - ACE USA Creates New Healthcare Practice

• 05/03/04 - Best Offers Its Suite of Reinsurance Information for P/C and Life/Health Insurers on CD-ROM and Online

April 2004

• 04/30/04 - Jury Renders Partial Verdict in WTC Recovery Case

• 04/30/04 - Arch Capital Group Ltd. Prices $300 Million Senior Notes Offering

• 04/29/04 - RMS Study Shows Risk From CAT Events for Workers' Comp, Life, Health Insurers

• 04/29/04 - NIA Group Exceeds Expectations in 2003

• 04/29/04 - ACE Not Standing Pat Despite Strong Q1

• 04/28/04 - News Release from Watson Wyatt LLP

• 04/28/04 - HCIC April Newsletter

• 04/28/04 - Industry Asks House to Extend TRIA

• 04/28/04 - AIG Companies Launch Venue Liability Protector

• 04/28/04 - Montpelier Re Reports Net Income of $109.0 Million for the First Quarter of 2004

• 04/27/04 - XL to Pay Cash for Convertible Debentures

• 04/27/04 - Soft Market Dawns for Property/Casualty Insurers

• 04/27/04 - PartnerRe Profits Climb 17 percent

• 04/23/04 - RIMS: The Soft Market Has Begun

• 04/23/04 - PCI Responds to CFA Opposition to TRIA Extension

• 04/22/04 - Best Affirms PartnerRe 'A+' Rating & Debt Rating

• 04/22/04 - Green Mountain Giant

• 04/22/04 - Oklahoma Governor Vetoes Captive Measure

• 04/21/04 - Revision to "Small" Insurance Company Tax Laws - Article by Gary Bowers, Johnson Lambert & Co

• 04/21/04 - Aon Reports US Commercial Property Rates Drop 10%

• 04/21/04 - Workers' Comp Association Urges TRIA Extension

• 04/21/04 - AXIS U.S. Expands Professional Liability Coverage; Builders' Risk Capabilities

• 04/21/04 - White Mountains to Set-up Reinsurance Base in Bermuda

• 04/21/04 - Everest Re Sees Profits Climb 34 percent to $1.2 Million

• 04/20/04 - 'Bermuda Insurers Not Moving to Dublin'

• 04/20/04 - ACE, XL Target US

• 04/20/04 - XL Capital Announces Details of Primary Commercial Casualty Strategy for the U.S.

• 04/19/04 - Bermuda's Business Leaders Warn Against Increasing Taxes

• 04/19/04 - Willis Group Reports on Insurance Marketplace Conditions

• 04/19/04 - Investors Cash in on Axis Success

• 04/16/04 - 'Large Reinsurers Moving to Dublin'

• 04/16/04 - NIP Group, Inc Affirms Partnership With St. Paul Travelers

• 04/15/04 - Industry Takes First Step Toward Assessing Private Market Solutions to Manage Terrorism

• 04/15/04 - 'We Should Beware Pricing Ourselves Out of the Market'

• 04/15/04 - Captive-Powered Bermudian Insurance Sector Steams Ahead

• 04/14/04 - Bermuda - Still Captive King

• 04/14/04 - Vermont and Caymans are the Two Major Players

• 04/14/04 - P/C Net Income Propels Surplus

• 04/13/04 - BF&M Shrugs Off Fabian to Make $8.9 million Profits

• 04/13/04 - FEMA, N.Y. City Reach 9/11 Insurance Accord

• 04/13/04 - Survey Reveals Leading Trust Destinations

• 04/13/04 - Captive-Powered Bermudian Insurance Sector Steams Ahead

• 04/13/04 - ACE USA Announces Executive Appointments

• 04/12/04 - A.M. Best: Operating Results Improves Dramatically

• 04/09/04 - Rent-A-Wreck Announces Partnership With Hilb Rogal & Hobbs Company

• 04/08/04 - Insurance Relate Incorporations on Par With 2003

• 04/08/04 -  The New Incorporations

• 04/08/04 - Willis to Purchase 50% Stake in China's Leading Insurance Broker

• 04/07/04 - AXIS Corners Huge Backing

• 04/07/04 - Arch Names Ingrey Vice Chairman, Promotes Execs.

• 04/06/04 - ACE Makes Business Week Top 50 List

• 04/06/04 - Tyco Leads Local Pack in Forbes' Top 2000 List

• 04/06/04 - AIG Launches 'Sports Risk Solutions'

• 04/05/04 - Bermuda Insurance Update (PDF File)

• 04/05/04 - MarketScout Adds SRS to 'Best of Class' List

• 04/04/04 - Law Firms' Link-up Receives Thumbs Up From Clients

• 04/04/04 - XL to Release Q1 Results on May 3

• 04/03/04 - Appleby Spurling & Kempe Merge With Hunter & Hunter (PDF File)

• 04/02/04 - ACE Risk Management Appoints Keith Mattheessen as Senior Vice President and Houston Branch Manager

• 04/02/04 - Liberty Mutual Completes Sale of Canadian Personal Lines Operations to Meloche Monnex

• 04/02/04 - "We Received Fair Value"

• 04/01/04 - Candidate Morrison Brings His Message to Havre

• 04/01/04 - Montpelier Re Holdings Ltd. Announces the Completion of the Sale of Common Shares by Shareholders

March 2004

• 03/31/04 - Hopes of Continued Growth

• 03/31/04 - Commercial Brokers Favor TRIA Renewal Says CIAB

• 03/30/04 - Allied Holdings to Delay Filing of Form 10-K to Reclassify Certain Items and Restate Its Balance Sheet and Statements of Cash Flows

• 03/30/04 - Watson Wyatt LLP Spins Off Spring Consulting Group

• 03/26/04 - **Latest HUD News**

• 03/25/04 - Captives Cite Reinsurance As Biggest Woe

• 03/24/04 - Late Breaking News...Impact of HUD Requirement On Nursing Homes

• 03/23/04 - A.M. Best Assigns Rating to RenaissanceRe's Preferred Stock

• 03/23/04 - Alea Names Ricciardelli President and COO

• 03/22/03 - HUD Seeks Comments on Healthcare Facility Insurance, Including Captives & RRGs

• 03/22/04 - Aon Acquires RiskLabs; Leading Risk Information Systems Provider Will Strengthen Aon's Global Capability in this Market

• 03/17/04 - Avondale is Shopping for Insurance

• 03/12/04 - Arch Capital Group Ltd. Announces Plan for Public Offering

• 03/12/04 - Traditional Insurance on a Vermont Scale

• 03/11/04 - Aon To Provide Group Captive Solutions To U.S. Middle Market Companies

• 03/10/04 - Fitch Affirms Max Re's 'A' IFS Ratings; Assigns 'BBB' Long Term Rating

• 03/10/04 - Fitch Affirms Radian Asset & Radian Reinsurance, Outlook Remains Stable

• 03/09/04 - P/C Insurers' Profits Double First Three Quarters of 2003: Industry's Underwriting Loss Sees Improvement

• 03/09/04 - Montpelier Re Announces Secondary Share Offering

• 03/09/04 - Aspen Adds 5 Underwriters to U.S. Re Team

• 03/09/04 - A.M. Best Issues Methodology Report: Rating New Company Formations

• 03/08/04 - 2003 RIMS Benchmark Survey Book Chronicles Turbulent Year; But Tumult Could Benefit Risk Managers as Hard Market Wanes

• 03/0704 - "Best's Impairment Rate and Rating Transition Study 1977 to 2002"

• 03/05/04 - Taylor Signs Share Sale Plan

• 03/04/04 - Endurance Shareholders Price Secondary Offering of Ordinary Shares

• 03/04/04 - Montpelier Re's CEO Adopts Rule 1065-1 Plan

• 03/03/04 - Press Release - RMCIA

• 03/03/04 - Buyers Fear a Short Soft Market: RIMS Survey

• 03/03/04 - Employers Eye Saving From Use of Captive Agencies

• 03/01/04 - Kerry's Ties to Captives Surface Again

• 03/01/04 - Captive Insurance Structures Gain Savings For Employers

• 03/01/04 - Renaissance Re Ratings Raised

• 03/01/04 - Boost for Mutual Re Creditors

• 03/01/04 - Montpelier Re Appoints Anthony Taylor Chairman

February 2004

• 02/27/04 - Is Bermuda Becoming a One Company Town?

• 02/27/04 - Rising Number of Companies Considering Alternative Financing for Employee Benefits

• 02/25/04 - DC Financial Gateway Express - Latest Issue

• 02/24/04 - Trumbull Services, L.L.C. hires Stephen A. Francis

• 02/22/04 - Marketplace Realities and Risk Management Solutions 2004 - Strategies for a Changing Marketplace

• 02/22/04 - January 2004 Bulletin from Conyers, Dill & Pearman

• 02/20/04 - New Medical Malpractice available in Florida

• 02/17/04 - Ratings Boost for New Reinsurer

• 02/13/04 - Meadowbrook/TPA Associates Distribute Dividends

• 02/12/04 - Latest Captive Industry News from St. Lucia

• 02/10/04 - PartnerRe Reports Record Profits

• 02/10/04 - A.M. Best's P/C Review/Preview Report

• 02/05/04 - New York Licenses its First Group Captive

• 02/05/04 - A.M. Best Affirms Max Re's A- Rating

• 02/02/04 - Captives gain Favor as Benefits Funding Tool

January 2004

• 01/28/04 - Skyrocketing Premiums for Ohio Medical Malpractice Insurance

• 01/28/04 Hawaii State of the State Address 2004

• 01/22/04 - CBIA Membership forms RRG

• 01/19/04 - Dean Still held "Captive" by Critics

• 01/19/04 - Georgia House Bill

• 01/19/04 - New ART Insurer Formed for Trucking Companies

• 01/15/04 - RMS Risk Analysis for European Windstorm Losses Cover Electricity Transmission & Distribution

• 01/14/04 - "The Risk Retention Acts: Background and Issues"

• 01/13/04 - Politics, Parmalat Create Some Concern for Captive Industry

• 01/13/04 - Local Doctors not Switching to New Malpractice Providers

• 01/12/04 - Vermont Captives Dog Dean Campaign

• 01/08/04 - Kerry and Dean Debate

• 01/02/04 - U of L Hospital, Doctors form Malpractice Insurance Company

• 01/02/04 - Drilling down for New Solutions

• 01/02/04 - CIC-DC Doubled its Number of Captives in 2003

• 01/02/04 - Rural Hospitals Create Own Insurance Company

• 01/02/04 - Dean Blasted for Support of Enron Insurance Setup

• 01/02/04 - Insurer Leaves Docs, Plaintiffs in Cold

• 01/02/04 - Bahrain Monetary Agency is Launching Major Project to Create World Class Insurance Market

• 01/02/04 - NTI has financial strength rating of A-

December 2003

• 12/23/03 - RRGs Seek To Avoid Collateral Damage

• 12/22/03 - Dean's effort to attract companies to set up captive insurance businesses

• 12/19/03 - Congressional Research Service Study of Risk Retention Groups

• 12/19/03 - NAIC Working Group on Risk Retention Groups

• 12/18/03 - P&P Captive Newsletter

• 12/18/03 - PA Medical Malpractice Soars

• 12/18/03 - Heddington insurance Rating Affirmed

• 12/18/03 - Gulf Finance House (GFH) to establish a full commercial banking subsidiary

• 12/16/03 - Gephardt criticized Dean for enacting tax breaks to set up "captives"

• 12/14/03 - Canadian Underwriter predictions for the insurance industry

• 12/10/03 - New exposures for the pharmaceutical industry

• 12/08/03 - Commercial-property owners should see moderate increases

• 12/05/03 - Virginia-based insurance company former executives accused of fraud, conspiracy and racketeering

• 12/05/03 - Three new companies to sell medical malpractice insurance in Florida

• 12/05/03 - S&P lowered ratings on (ALAS) and Attorneys' Liability Assurance Society Inc.

• 12/04/03 - Heavy insurance costs could lead cities to drop out of a statewide risk-management pool

• 12/03/03 - A.M. Best Co. has affirmed the rating of A- (Excellent) of Evergreen Reinsurance Co., Ltd.

• 12/03/03 - Lack of insurance coverage available to warehousing companies

• 12/03/03 - Treasury proposes rule establishing procedures for submitting claims

November 2003

• 11/26/03 - Centre Solutions (Bermuda) Limited's Financial Strength Downgraded

• 11/26/03 - Endurance Specialty Holdings benefiting from SCO-SA

• 11/24/03 - Phillip Butterfield next CEO of the Bank of Bermuda

• 11/21/03 - ACE USA Appoints Ken Riegler

• 11/17/03 - Energy Insurance Mutual Limited's Financial Strength Affirmed

• 11/17/03 - Wellington Underwriting PLC Holds Stake in Aspen Insurance Holding Ltd.

• 11/13/03 - First Keystone Risk Retention Group to Collect $850,000 in Insurance Premiums

• 11/11/03 - NASD Charged an Investor With Allegations of Fraudulent Activity Involving a Bermuda Reinsurance Company

• 11/11/03 - Sister Company of Goshawk Re Shut Down

• 11/10/03 - Plan to Open the Bermuda Market to Foreign Financial Institutions

• 11/07/03 - Endurance Specialty Holdings Reports Its Third Quarter Net Income

• 11/07/03 - AXIS Capital Has Increased Shareholder Equity by More than a Million Dollars a Day

• 11/03/03 - Arizona Has Licensed 16 Captives, Including Three RRG

October 2003

• 10/31/03 - Atlantic Mutual Companies' Ratings Downgraded

• 10/30/03 - HSBC Agrees to Pay $1.3 bn for Bank of Bermuda

• 10/30/03 - Channel Re is a New Joint Venture

• 10/27/03 - Trumbull Services LLC Has Processed More Than $1billion of Premiums

• 10/23/03 - Haversine Insurance Company Licensed as a Captive

• 10/23/03 - Truckers and Other Canadian Commercial Carriers Establish Captives

• 10/23/03 - Assurex Global forms Assurex Global Reinsurance, Ltd.

• 10/23/03 - Terrorism Risk Insurance Act of 2002

• 10/21/03 - Becher & Carlson Risk Management Inc Sold

• 10/21/03 - Insurers to Cede More Risk on Their Books to Reinsurers

• 10/21/03 - CBIA is setting up Captive for Builders

• 10/21/03 - Advantages of Captive Insurance Companies to Physicians

• 10/20/03 - Reinsurance Market Cycle is in Hard Market

• 10/17/03 - Aon Re Global Announces Management Structure for its New Reinsurance Team

• 10/17/03 - National Burglar & Fire Alarm Association forms a RRG

• 10/17/03 - XL Capital Ltd. Cut Its Third-quarter Profit Forecast

• 10/16/03 - Hampton Re Leaves Investors Millions of Dollars Out of Pocket

• 10/16/03 - ACE Bermuda Appoints Chris Fisher

• 10/16/03 - Captive Financial Solutions Inc. has Announced the Re-Introduction of GapPak ©

• 10/16/03 - ACE Limited Announces Appointment of Paul Medini

• 10/08/03 - Quanta Reinsurance Ltd. Now Has More Than $500 million In Capital Behind

• 10/08/03 - Trenwick Has Approval to Sell Off Several of its Units

• 10/08/03 - ALARYS Has Selected Bermuda as the Venue for Its Sixth Biennial Conference in 2004

• 10/08/03 - Quanta Reinsurance Ltd. Sued by Their Former Employer

• 10/08/03 - Initial Public Offering of Bermuda-based Reinsurer Alea

• 10/03/03 - Companies Could Insure Against Unexpected Outcomes With Catastrophe Bonds

• 10/03/03 - Agreement Between eSynch Corporation and River Capital Limited

• 10/03/03 - World Trade Center Damage Coverage is Positive News for The Hartford, The St. Paul Companies and Royal Indemnity

• 10/02/03 - The Job and Growth Tax Relief Reconciliation Acts of 2003

• 10/01/03 - ACE Unveils A New Line-up of Executives in Some of Its Overseas Financial Sectors

• 10/01/03 - Goshawk Insurance Holdings revealed a Net Loss of £45 million

September 2003

• 09/24/03 - Gavin P. Collery Joins Alternative Re Limited

• 09/24/03 - Policyholders Win Direct Access to Reinsurance

• 09/22/03 - ACE USA Construction Group Created

• 09/22/03 - New Job Posting in Career Listings

• 09/19/03 - Lloyd's Urging Insurance Industry to Avoid Premium and Capacity Cycles

• 09/19/03 - Risk Modeling Agencies Expect Hurricane Isabel to Cause $1 billion of Insured Losses

• 09/19/03 - Series of Acquisitions of Recently Demutualized US Life Companies

• 09/19/03 - The St. Paul Companies Will Begin Offering a New Product

• 09/18/03 - RRG Numbers

• 09/17/03 - Hurricane Fabian not Expected to Have Significant Adverse Affect on its Results

• 09/17/03 - New Website, mBermuda.com, is Bermuda's Digital Information Portal

• 09/12/03 - SCOR S.A. Financial Strength Rating Downgraded

• 09/12/03 - Barbados Has a Rating of Baa2

• 09/12/03 - Alternative Markets Reach New Levels

• 09/11/03 - Excellent Telecommunications Infrastructure in Bermuda

• 09/11/03 - Hurricane Fabian Will Cost Bermuda Insurers Between $300-$350 Million

• 09/09/03 - Aon Re Global Has New Management Team

• 09/05/03 - Sean Moore named National Director of Alternative Market Services

• 09/05/03 - Extended Deadline for Submission of Due Diligence

• 09/05/03 - More Small Companies Retain Risk

• 09/05/03 - Fifa Reverts to Bond for World Cup Cover

• 09/02/03 - Bermuda Sub Blamed For Poor SCOR Results

• 09/02/03 - Baker Appointed Executive VP at XL Insurance (Bermuda) Ltd.

• 09/02/03 - Cayman Captive Forum, December 9-11, 2003

• 09/02/03 - License Issued to Operate a Sponsored Captive Insurance Company in the District of Columbia

• 09/02/03 - Standard and Poor's Downgrades Barbados's Local Currency Ratings

• 09/02/03 - Significant Development in Bermuda, Latin America Relations

• 09/02/03 - Bermuda - The World's Risk Capital

August 2003

• 08/20/03 - Insurer's Losses Sore to $69m

• 08/20/03 - Great Lakes Warranty Has Excited Market

• 08/20/03 - Reinsurer Faces Wind Up

• 08/19/03 - VHA Insurance Services Selects RMF Strategies for Risk and Malpractice Management Solutions

• 08/18/03 - Doctors Form Insurance Company

• 08/18/03 - Formation of the Kentucky Hospital Insurance Company

• 08/18/03 - Ordinary Mutual Insurance Company $1.8 million Settlement

• 08/12/03 - Trenwick Has Had Its Fitch Ratings Withdrawn

• 08/12/03 - Formations of RRGs Up

• 08/12/03 - Super Captives Pose Threat to Traditional Insurance Industry

• 08/12/03 - Recovery From Adverse Political, Economical and Market Conditions a Leading Concern

• 08/12/03 - AXIS Enjoys Income Boom After IPO

• 08/08/03 - ACE Risk Management International Created

• 08/07/03 - The Art of Transferring Risk

• 08/07/03 - Businesses Work To Control Cost of Workers' Comp

• 08/07/03 - Allied Holdings Income Up 62%

July 2003

• 07/30/03 - Companies Turn to Captives to Contain Escalating Cost for Employee Benefits Plan

• 07/28/03 - Docs Form Captive Malpractice Carrier

• 07/28/03 - Communities Consider Self-Insurance to Cut Cost

• 07/28/03 - Hospitals Helping Doctors With Insurance

• 07/25/03 - "No Comment"

• 07/25/03 - Captive Insurance Incorporation on the Rise

• 07/24/03 - Willis Group Reports Q2 Results

• 07/24/03 - Everest Re Profits Rebound 105%

• 07/24/03 - Washington D.C. Sets Sights on Becoming One of The Top Captive Domiciles Worldwide

• 07/22/03 - Smart Choice Dealers in Limbo

• 07/14/03 - TRIA News

• 07/10/03 - Rocky Mountain Captive Insurance Association's Press Release

• 07/10/03 - Susan Woods Joins Folksamerica Reinsurance Company

• 07/09/03 - TRIA News

• 07/08/03 - National Catholic RRG Signs Up Three New Dioceses

• 07/08/03 - BC Fuel Cell Power Struggle

• 07/07/03 - Business Chief Claims Island's Reputation Could Be Put at Risk

• 07/07/03 - Conyers Dill & Pearman's July 2003 Bulletin

• 07/07/03 - Milestone Day for Bermuda, Axis

• 07/07/03 - Bank of Bermuda Paid Heavy Price for Its Investments In Ecommerce Start-Ups

• 07/03/03 - Multiple Captives are a Trend that is Going to Grow

• 07/03/03 - ACE Limited Announces a Realignment of Senior Executive Responsibilities

• 07/02/03 - Doctors Increasingly Look Toward RRGs

• 07/02/03 - Kentucky Medical Malpractice Issue Looks Like Case of Dejavu

June 2003

• 06/26/03 - U.S. Risk Insurance Group Opens New Office in Avon, CT

• 06/23/03 - Expansion of Arizona's Captive Law

• 06/23/03 - Hawaii Welcomes 9th Captive Insurance Company

• 06/16/03 - SCCIA Makes Changes in SC Captive Laws

•  06/09/03 - Risk Retention Groups Owning Up To Success

• 06/09/03 - Leonard P. Crouse New Deputy Captive Commissioner

• 06/09/03 - VT Governor Signs H.452 - Captive Insurance Companies into Law

• 06/02/03 - Kentucky's First Captive Insurer

• 06/02/03 - S & P Reports Downward Pressure on Ratings

• 06/02/03 - Alfred Redmer Jr., Maryland's New Insurance Commissioner

• 06/02/03 - Bermuda's Ever Expanding Insurance Industry

May 2003

• 05/23/03 - Questions and Answers Regarding Captives and The Terrorism Risk Insurance Program

• 05/23/03 - Castlewood Buys UK Reinsurance Company

• 05/23/03 - Liberty Mutual to Acquire Majority of Prudential's U.S. P/C Business

• 05/23/03 - US Captives Could Flee Offshore to Escape Terror Insurance Pool

• 05/23/03 - Standard & Poor's Affirms Rating

• 05/23/03 - D&O Insurance Rates Likely to Rise

• 05/14/03 - SCCIA Appoints Mike LeFever Executive Director

• 05/01/03 - Trenwick Group Ltd. Will Cease Underwriting Reinsurance Business

• 05/01/03 - NAII Pleased With Latest Treasury Rules on TRIA

• 05/01/03 - Decline In Surplus Tarnishes P/C Industry's Return to Profitability in 2002

 April 2003

• 04/28/03 - A.M. Best Says Growth in Number of Active Captives Remained Flat in 2002

• 04/28/03 - Anguilla Allows Foreign Insurers and Captives to Operate on the Island

• 04/28/03 - South Carolina Kicks Off Pro-State Regulation Campaign

• 04/28/03 - Alliance Study Says P/C Guaranty Fund Assessments Hit 15-Year High

• 04/28/03 - Top Layer Reinsurance IFS Rating Affirmed by S&P's

• 04/24/03 - Trenwick Group Ltd. Will Cease Underwriting Reinsurance Business

• 04/24/03 - The Catastrophe Bond Market Continues to Grow

• 04/23/03 - TRIA News

• 04/23/03 - Regulations Issued on Captives

• 04/23/03 - Provisions of the TRIA

• 04/22/03 - Alea Group Holding After Tax Profit of $55.6 million in 2002

• 04/22/03 - French Reinsurer Scor's Net Loss Widens

• 04/22/03 - Swiss Re CEO Says Reinsurance Prospects Favorable Despite Current Capital Market Weakness

• 04/21/03 - BMA Proposes Rules to Allow Establishment of Captive Insurers in Bahrain

• 04/21/03 - DISR Announces Appointment of William P. White as Director of Captive Insurance

• 04/14/03 - Obscure US Tax Loophole to be Probed

• 04/11/03 - Lloyd's Sues XL Subsidiary Over Sept. 11 Terror Losses

• 04/11/03 - RIMS Report: Property Market Softens, But Will Casualty Follow?

• 04/09/03 - Richard Spurling Senior Partner of Appleby Spurling & Kempe

• 04/09/03 - Risk Managers Don't See Increased Risk From War With Iraq

• 04/09/03 - Rise in the Cost of Premium

• 04/08/03 - U.S. Property Insurance Premiums Beginning to Fall, Aon Reports Find

• 04/08/03 - AIG to Issue "Wake-up Call"

• 04/08/03 - Moody's Lowers Munich Re Rating to Aa3

• 04/08/03 - Arch Insurance Increases Capacity From $25 Million to $50 Million

• 04/04/03 - Consolidation of Variable Interest Entities

• 04/03/03 - Objections to Sale Gerling Group's Reinsurance Operations

• 04/01/03 - S&P Announces That It Has Lowered Its Long-term Ratings

• 04/01/03 - Munich Re Shows Group Premium Growth of 10.8%

 March 2003

• 03/31/03 - Trumbull Services LLC Has Entered into a Multi-year Agreement to Provide Its Web-Enabled Subrosource (SM) Subrogation Software to Farmers Insurance Group

• 03/28/03 - American Re Insurance Co and American Alternative Insurance Corp's Ratings Lowered

• 03/28/03 - Bermuda Insurance Update

• 03/28/03 - Swiss Re Reports $66 Million Net Loss for 2002; to Reduce Dividend Payment

• 03/28/03 - TRIA News

• 03/27/03 - Commentary on Bermuda's 2003 Year

• 03/24/03 - New York's Proposed Captive Bill

• 03/24/03 - Terror Risk Insurance Closes Due to Lack of Demand

• 03/24/03 - Newport Star Reinsurance and Accident Insurance Company Approved to Offer P/C Insurance

• 03/24/03 - Willis Group Holdings Opens New Captive Office in Hawaii

• 03/24/03 - WCIRB Bulletin

• 03/24/03 - AIG Global Risk Management Formed

• 03/24/03 - Kemper Insurance Company's $312 million Net Loss in 2002

• 03/21/03 - Fitch Ratings' Special Report

• 03/21/03 - Department of Labor Ruling

• 03/21/03 - Dearborn Financial Services Develops Online Courses

• 03/20/03 - Standard & Poor's Report

• 03/20/03 - Bermuda Caught in Utah Media Glare

• 03/19/03 - Joseph C. Henry Appointed

• 03/19/03 - Berkshire Hathaway's Annual Report

• 03/19/03 - Bank of Butterfield Blow

• 03/19/03 - Insurity Offers Terrorism Coverage Support

• 03/19/03 - Allmerica Asset Management, Inc. Changes Name

• 03/17/03 - The Cayman Island Monetary Authority Announces Resignation of Mr. Gordon Rowell

• 03/17/03 - The European Commission Approves Sale

• 03/17/03 - March 2003 Economic Outlook from Swiss Re

• 03/17/03 - BII Announces Lifetime Achievement Award

• 03/17/03 - Montpelier Re Holdings Ltd. Reports Earnings

• 03/17/03 - Graham C. Pewter Appointed

February 2003

• 02/24/03 - Endurance Specialty Holdings Ltd Holds Initial Public Offering

• 02/23/03 - Arkansas Forms First Captive

• 02/23/03 - New Web Site Designed Fast Track Applications for Captive Formation

• 02/23/03 - ABD Insurance and Financial Services Identifies Exposures and Discusses TRIA

• 02/23/03 - Standard and Poor's Affirms Ratings

• 02/11/03 - Willis Group Holdings Announces the Appointment of Mario P. Vitale as CEO

• 02/11/03 - Max Re Ltd Completes Core of Its New Excess General Liability Team

• 02/11/03 - Partner Re Reports Strong Gains in Q4, Full Year Earnings

• 02/11/03 - Discover Re names Western Regional Manager

• 02/10/03 - A.M. Best Affirms Aon's Ratings

• 02/10/03 - Montpelier Re Raises Q4 Estimates Hard Market Likely to Continue - ACE Chief

January 2003

• 01/26/03 - John Kleiman Named Chief Underwriting Officer of Hampton Re Holdings Ltd.

• 01/26/03 - New Wave of Bermuda Companies

• 01/26/03 - IPC Re Ltd's Ratings Affirmed

• 01/16/03 - The Hartford Financial Services Group Purchases Portion of Kemper Insurance Companies Group Captive Business

• 01/14/03 - Standard and Poor's Affirms Ratings

• 01/13/03 - XL Subsidiary Enters Field of Weather Risk Management

• 01/13/03 - Overseas Partners Ltd. Has Net Loss of $211 million

• 01/13/03 - "How Captives Are Affected by The Terrorism Risk Insurance Act"

• 01/08/03 - Vermont Department of Economic Development Release

• 01/08/03 - Outsourcing to Play Larger Role Among Insurance Companies

• 01/02/03 - Ernst Csiszar Reappointed as S.C. Director of Insurance

December 2002

• 12/29/02 - ESG Re Audit Report Withdrawn

• 12/29/02 - Island Start-ups Look to Internet for Business

• 12/29/02 - Eight New Insurers Set Up Shop

• 12/27/02 - California Workers' Comp Deductibles Not Subject to Premium Tax

• 12/27/02 - Captives Represent Attractive Alternatives

• 12/20/02 - Swiss Re's Preliminary Report Info

• 12/20/02 - Insurance Information Institute Takes Peek at 2003 Forecast

• 12/19/02 - Industry in Serious Trouble

• 12/17/02 - Bermuda-based Insurers Won't Benefit From Attack

• 12/17/02 - New Insurer Coming to Island

• 12/12/02 - No Rating Implication on Centre Solutions (Bermuda) Ltd.

• 12/12/02 - Trenwick Reaches Credit Agreement

• 12/12/02 - 2002 Has Exploded With RRG Formations

• 12/12/02 - IRS Will Now Consider Ruling Request

• 12/11/02 - Cox Slams 'Unfair' Targeting of Bermuda Companies on S&P

• 12/11/02 - SEC Issues Report on Regulation of Accounting Firms

• 12/11/02 - AAI Pleased With Early Action by Treasury, NAIC on Terrorism Insurance

• 12/09/02 - MRM Losses: $109 M

• 12/09/02 - Exclusive: For Benfield, Opportunity Knocks

• 12/09/02 - Arthur Anderson Seeking Approval

• 12/04/02 - ... as S&P Reduces Top Layer Rating

• 12/04/02 - Trenwick Rating Cut

• 12/04/02 - Anderson Captive To Be Put in Scheme of Arrangement

• 12/04/02 - ESG Auditor Resigns, NASDAQ May De-list Shaves for Late 10-Q Filing

• 12/03/02 - N.Y. City Comptroller Slams Insurers

• 12/03/02 - Benfield to List in London

November 2002

• 11/26/02 - NAII Praising Senate for Including Risk Sharing Mechanisms in Terrorism Reinsurance Bill

• 11/26/02 - A.M. Best Lowers SCOR Group Ratings to A-

• 11/26/02 - Swiss Re Sees Hard Market Through 2005

• 11/25/02 - Opponents of the Federal Terrorism Legislation See It As $100 Billion Bailout

• 11/25/02 - Meadowbrook Insurance Group to Offer Worker's Comp

• 11/25/02 - GE Will Take $1.4 Billion to Boost Reserves

• 11/25/02 - Fitch Says Terrorism Bill a Mix Blessing for U.S. Insurers

• 11/22/02 - RRG Annual Premium for 2002, Well Over $1 Billion

• 11/21/02 - Aon Unveils Two New Workers' Comp Models for Earthquakes and Terrorism + James Bond

• 11/19/02 - Alpha Star Still Hoping to Live Up to Its Name

• 11/19/02 - Financial Troubles of Mutual Risk Management's U.S. Insurance Companies

• 11/19/02 - St. Paul Has Pre-tax Gain of $18 Million to $20 Million

• 11/18/02 - AXIS Bought-up Sheffield Insurance Corporation

• 11/18/02 - The Battle for Capital

• 11/18/02 - House Passed Legislation to Cover Claims From Future Terrorist Attacks

• 11/15/02 - Montana Hospitals Form Group Captive

• 11/15/02 - RMCIA - New Captive Association Formed

• 11/15/02 - IIABA Commends House Approval of Terrorism Insurance Legislation

• 11/15/02 - New Rules from Treasury Department Could Deter Companies From Moving Overseas

• 11/13/02 - Trenwick Stock Plunges After $140 M Net Loss

• 11/13/02 - ACORD Certifies Inreon

• 11/13/02 - New Wave of Insurers Setting Up on Island

• 11/12/02 - Warren Buffett May Buy General Electric Co's Employers Re

• 11/07/02 - Boardroom Clearout Will Save Jobs - Ezekiel

• 11/07/02 - Mulderig Axed in MRM Boardroom Shake-up

• 11/07/02 - Joy as Profit Tops $26 M

• 11/01/02 - Leslie Robinson: A Career in Captives

October 2002

• 10/31/02 - Study Measures Cause and Effect of Corporate Inversions

• 10/29/02 - US Debate on Offshore Moves may Flare Again

• 10/29/02 - Platinum IPO Next Week

• 10/29/02 - 'Bermuda Banks Could Face Global Competition'

• 10/21/02 - Financial Strength Rating of Trenwick Downgraded

• 10/21/02 - Max Re Capital Ltd. is Augmenting its Business Strategy

• 10/18/02 - ACE Announces Susan Patschak Appointed to Chief Actuary

• 10/17/02 - P/C Insurance Will Continue to Address Significant Reserve Deficiencies

• 10/17/02 - P/C Insurance Saw Increase in the Number of Rating Downgrades

• 10/10/02 - Endurance Specialty Insurance Ltd Announces Promotion of David V. Cabral

• 10/10/02 - Montpelier Re May Get IPO Off the Ground this Week

• 10/10/02 - AXIS Specialty has Branched to US and Europe

• 10/10/02 - Second Quarter Insurance Incorporations

• 10/09/02 - Global Alliance Needed To Fight Money Laundering Bank CEO

• 10/07/02 - Bermuda Law Firm AS&W Has Added Bala Nadarajah

• 10/07/02 - ACE Environmental Risk Created

• 10/07/02 - Max Re Anticipates Q3 Loss

• 10/07/02 - 18 New Insurance Ventures Incorporated in Bermuda

• 10/07/02 - The Senate Names Seven Members to Conference Committee

• 10/07/02 - President Bush Aims to Jump Start Negotiations on Terrorism Insurance Back Stop Bill

• 10/04/02 - 'Tax Havens' Are Here to Stay in UK

• 10/04/02 - Gains Seen by Lobbyists As Debate Over Inversions Loses Steam in U.S.

• 10/02/02 - ACE USA Announces Appointment of James Macdonald as Chief Underwriting Officer

• 10/02/02 - Goshawk Results Meet 'Ambitious Expectations'

September 2002

• 09/28/02 - Insurance Markets for Terrorism Coverage Remain Troubled

• 09/26/02 - ACE CEO Compares Cayman Island Companies And American Companies

• 09/23/02 - Terrorism Insurance Survey Reveals Disturbing Trends

• 09/23/02 - Moody's Lowers Strength Rating

• 09/23/02 - European Floods Wash Away ACE Earnings

• 09/23/02 - No Overall Improvement in Industry Results

• 09/16/02 - Terrorism Insurance Remains Elusive

• 09/16/02 - Bermuda has 'Sold Its Name Short'

• 09/11/02 - Bermuda High on U.S. Hit List

• 09/06/02 - Bank of Butterfield Named "Bank of Year"

• 09/06/02 - Arizona Licenses Its First Captive Insurer

• 09/06/02 - Benfield to Open Bermuda Office

• 09/03/02 - 'Patriot' Tax Controversy

• 09/03/02 - Cayman Introduces Compulsory Licensing For Securities Firms

• 09/03/02 - Trenwick's Chairman, President, and CEO Taking Leave of Absence Due to Health Reasons

• 09/03/02 - Isle of Man Heading for a Zero Rate of Income Tax

August 2002

• 08/27/02 - The September 11 Factor

• 08/26/02 - S&P Gives Negative Implications

• 08/25/02 - Dore to Leave PXRE

• 08/25/02 - ISO Expands Antifraud System

• 08/25/02 - Investors Urged to Buy Shares in Bermuda Companies

• 08/23/02 - Hard Market to Continue for 2 years - Report

• 08/23/02 - Bermuda Market Running Out of Steam - Analysts

• 08/23/02 - Cayman and New York Hedge Fund Administrators Merge

• 08/23/02 - Bermuda Weathers the Storm

• 08/22/02 - Bermuda May Have to Step in for Lloyd's

• 08/22/02 - Benfield Moving to Bermuda - Report

• 08/22/02 - Bermuda Pair Netted in Massive U.S. Crime Bust

• 08/22/02 - S&P Places ESG Re Under Credit Watch

• 08/22/02 - Insurers Continue Gains

• 08/15/02 - NAIC Give Preliminary Artification

• 08/13/02 - Matthew Shaw Appointed to Managing Director of ACE Tempest Re Europe

• 08/13/02 - Hengesbaugh Takes on Top Reinsurance Role

• 08/13/02 - Heady Times for the Alternative Risk Transfer Markets

• 08/09/02 - S&P Revises Its Outlook on Aon Corp

• 08/09/02 - RRG Premiums

• 08/05/02 - Stanley Works Dropped Plan

• 08/01/02 - XL Reports Loss on WTC Claims

• 08/01/02 - PricewaterhouseCoopers Announces Promotion of CICA Member Richard E. Irvine

July 2002

• 07/31/02 - A.M. Best Affirms Rating of Island Heritage Insurance Company Ltd

• 07/31/02 - Lloyd's Capacity Rises As Syndicates Attract Capital

• 07/30/02 - P&C Surplus Down Two Years Straight: ISO

• 07/30/02 - Industry Leaders Rank Terrorism, Pricing and Capacity as Major Challenges

• 07/30/02 - St. Paul Re Appoints Two Senior Management Positions

• 07/30/02 - Colorado Insurance Commissioner Resigns

• 07/29/02 - P/C Industry Reports Increase in Net Premiums

• 07/29/02 - AIG Chairman Say P/C Rates Will Continue Growth

• 07/29/02 - CIMA Managing Director Returns to the UK

• 07/29/02 - Imagine Reinsurance Holdings Limited has Announced The Reorganization of its Business Units

• 07/29/02 - Axis Specialty Swoops to Sign XL's Michael Butt

• 07/25/02 - BVI To Scrap Personal Income Tax By 2004

• 07/25/02 - Two Leading Guernsey Banks to Merge, Says Report

• 07/25/02 - U.S. House Throws Out Anti Bermuda Clause

• 07/25/02 - Eugene Cox Denies Income Tax Rumors

• 07/22/02 - A.M. Best Announces St. Paul Companies' Ratings Unaffected by Postponement of Platinum IPO

• 07/22/02 - Captive Insurers Lead Way in New Bermuda Ventures VIPs Toast Opening of AWAC HQ

• 07/22/02 - A.M. Best Affirms Ratings of Subsidiaries of Alea Group

• 07/18/02 - Tyco in IRS Spotlight

• 07/18/02 - BVI To Open Office in London

• 07/17/02 - Partner Re Ltd. Names Tad Walker as the Group's Head of Catastrophe

• 07/17/02 - Royal & Suns Unveils Agency Captive Program

• 07/17/02 - Hawaii Governor Signs Captive Insurance Bill

• 07/16/02 - Updated A2 Captive Information

• 07/12/02 - Off Shore Based US Companies Won't Have to Swear to Accuracy of Final Results

• 07/12/02 - U.S. Corporate Corruption

• 07/12/02 - Increased Number of Insurance and Reinsurance Brokers Visiting Bermuda

• 07/10/02 - XL Ring the Changes

• 07/10/02 - Insurer Financial Results 2001

• 07/08/02 - Be Honest Over Accounting, SEC Tells Island CEO

June 2002

• 06/28/02 - Pennsylvania Files Suit Against Former Reliance Financier

• 06/28/02 - A.M. Best Assigns Ratings

• 06/28/02 - Fraud Delays Platinum IPO

• 06/28/02 - 'Actions Taken in The U.S. Could Be Overkill'   

• 06/26/02 - Nabors Starts U.S. Trading

• 06/25/02 - ACE USA Names McDonnell CFO

• 06/20/02 - Republican Hits Back Over US Patriot Tax Bill

• 06/20/02 - NYSID Approves Moody's Captive

• 06/18/02 - LRRA Gaining Support

• 06/18/02 - U.S. Court Ruling Seen As Good News for Bermuda

• 06/18/02 - Guernsey's New Anti-Laundering Laws Effective from End of June

• 06/18/02 - U.S. Tax Hearing Wins Praise

• 06/18/02 - Senator Slams Tax Loophole

• 06/18/02 - Mystery Over Fate of Carolina Re

• 06/07/02 - Bermudian Link to Insurance Furore

• 06/06/02 - Merrill Lynch Forms Bermuda Reinsurance Co

• 06/04/02 - Reinsurance Boost for Bermuda

• 06/04/02 - Bermuda's Favorable Regulatory Environment

• 06/04/02 - Overseas Partner Gets A.M. Best Downgrade

• 06/04/02 - U.S. Airlines File Vermont Application for RRG

• 06/04/02 - Montpelier Files for IPO of $250M Common Shares

May 2002

• 05/28/02 - Insurance Industry Responds to Patriot Act

• 05/28/02 - Another Company to use Captives for Employee Benefits

• 05/28/02 - Another "Patriot Tax" Bill Introduced in Congress

• 05/23/02 - Supreme Court to Appoint Liquidator for Carolina Re

• 05/22/02 - Bermuda Governor Warns Finance Sector To Be Vigilant

• 05/22/02 - U.S. Government Blames Tax Code

• 05/20/02 - S&P Affirms Ratings

• 05/17/02 - Endurance Specialty Insurance Ltd Acquires Reinsurance Business

• 05/16/02 - Patriot Tax Bill Put Before Congress

• 05/13/02 - Barbados Popular With U.S. Companies

• 05/13/02 - Cox Positive on "Patriot Tax" Lobby

• 05/13/02 - A.M. Best Publishes Rating Methodology for Single-Parent Captive Companies

• 05/13/02 - Stanley Works Moves to Bermuda

• 05/06/02 - British Virgin Islands Signs Agreement

• 05/06/02 - A.M. Best Reports Increase

• 05/01/02 - The Insurance Bonanza

April 2002

• 04/30/02 - Number of Uncooperative Tax Havens Reduced

• 04/26/02 - Strong Lobby Mounted Against Corporate Tax Legislation

• 04/26/02 - Duperreault's Pay Rises 37 Percent

• 04/25/02 - 30 Jobs Saved

• 04/220/02 - A.M. Best Publishes Captive Market Financial Data

• 04/22/02 - Downgrading Financial Rating

• 04/12/02 - Arthur Anderson Refuses to Supply Information

• 04/12/02 - NY Real Estate Board Considering Captive

• 04/12/02 - Negative Outlook Tagged to Concerns Over Stirling Cooke Brown

• 04/10/02 - Newsweek to Focus on Bermuda

• 04/08/02 - Colorado Division of Insurance Suspends Company

• 04/05/02 - VCIA Announces Resignation

• 04/02/02 - Commonwealth Court Approves Petitions

• 04/01/02 - RRG Formed by Airlines

• 04/01/02 - Nevada Department of Insurance Issues Certificate of Authority

March 2002

• 03/28/02 - Cayman Islands Monetary Authority Update

• 03/26/02 - Captive Study By William M. Mercer Inc

February 2002

• 02/06/02 - Aon Corp Has Acquisition