Catlin Group Ltd (CNGRY) 17.0600 $CNGRY
The Insurance Industry in Bermuda, Key Trends and Opportunities to 2018
M2 - Thu Aug 07, 10:45AM CDT
Research and Markets (http://www.researchandmarkets.com/research/6kdqjr/the_insurance) has announced the addition of the "The Insurance Industry in Bermuda, Key Trends and Opportunities to 2018" report to their offering. Despite continued low investment yields and moderate economic growth in Europe and the US, Bermuda's insurance industry continued to thrive in 2013. Gross written premium increased at a rate of 7.4% from 2009 to 2013. The growth was primarily driven by low losses from catastrophes and proper reserve development in 2012. As a result, leading industry participants recorded a significant improvement in combined ratio, depicting strong underwriting performance which in turn supported their risk-adjusted capitalization. Key Highlights - A low regulatory burden, attractive tax environment and solid infrastructure have been key drivers for the growth of insurance, and also for the rise in the number of international companies in Bermuda. - The number of new insurers rose by 71% in 2013 over 2012, while the overall number of market participants fell from 1,209 in 2012 to 1,206 in 2013. - Bermuda has evolved as an offshore financial center, due to its minimal and liberal regulatory standards for businesses. - Growing competition is likely to have an adverse impact on the profitability of insurers and reinsurers in 2014 and 2015, with several operators exhibiting competitive underwriting practices. - During the review period, the frequency and magnitude of catastrophes increased globally, leading to increased losses and placing greater pressure on reinsurers. Key Topics Covered: 1 Executive Summary 2 Introduction 3 Bermudian Insurance Industry Overview 4 Industry Segmentation 5 Governance, Risk and Compliance 6 Competitive Landscape 7 Economic Indicators 8 Appendix Companies Mentioned - Ace Bermuda Insurance - XL Group - PartnerRe Ltd - Everest Reinsurance (Bermuda) Ltd - Catlin Group Ltd - Axis Capital Holdings Ltd - Arch Insurance (Bermuda) - Allied World Assurance Company Holdings, AG - Endurance Specialty Holdings Ltd - Hiscox Ltd For more information visit http://www.researchandmarkets.com/research/6k..._insurance
A.M. Best Affirms Ratings of Catlin Group Limited's U.S. Subsidiaries
Business Wire - Wed Aug 06, 9:05AM CDT
A.M. Best has affirmed the financial strength rating of A (Excellent) and issuer credit ratings of "a" of Catlin Insurance Company, Inc. (CICI) (Houston, TX), Catlin Specialty Insurance Company (CSIC) and Catlin Indemnity Company (CIND). CICI, CSIC and CIND participate in the Catlin U.S. intercompany pooling agreement known as the Catlin U.S. Pool. The outlook for all ratings is stable. All companies are domiciled in Dover, DE unless otherwise specified, and are ultimately owned by Catlin Group Limited (CGL) (Bermuda).
A.M. Best Affirms Ratings of Catlin Group Limited and Its Subsidiaries
Business Wire - Wed Aug 06, 9:00AM CDT
A.M. Best has affirmed the financial strength rating (FSR) of A (Excellent) and the issuer credit ratings (ICR) of "a" of Catlin Insurance Company Limited (CICL) (Bermuda), Catlin Insurance Company (UK) Ltd. (Catlin UK) (United Kingdom) and Catlin Re Switzerland Ltd. (Catlin Re) (Switzerland).
Catlin Buys 22.5% Stake in Russian Re From AIG
Michael Buck - AMBest - Fri Jan 31, 2:42PM CST
A subsidiary of Catlin Group Ltd. has purchased a 22.5% stake in Russian Reinsurance Co. from American International Group.
Melco Crown (Philippines) Resorts Corporation Announces Pricing of Senior Notes Offering of MCE Leisure (Philippines) Corporation
GlobeNewswire - Thu Dec 19, 6:53AM CST
Melco Crown (Philippines) Resorts Corporation ("MCP" or "Melco Crown Philippines"
(PSE:MCP), a subsidiary of Melco Crown Entertainment Limited ("MCE" or "Melco Crown Entertainment" (SEHK:6883) (Nasdaq:MPEL), today announced that its wholly-owned indirect subsidiary, MCE Leisure (Philippines) Corporation ("MCE Leisure Philippines" , priced its senior notes ("Notes" , which were offered to limited investors via private placement within the Philippines.
Catlin entities announce agreement to invest in Input Capital Corp.
CNW Group - Thu Sep 19, 1:41PM CDT
On September 16, 2013, Catlin Underwriting Agencies Limited for and on behalf of Syndicate 2003 ("CUAL" and Catlin Re Switzerland Ltd. ("CRCH" entered into an agreement with Input Capital Corp. (TSX Venture: INP) ("Input" , pursuant to which CUAL agreed to acquire 7,913,636 Class A common voting shares of Input and CRCH agreed to acquire 2,967,614 Class A common voting shares of Input on a private placement basis at a price of C$1.60 per Class A common voting share (the "Private Placement" . CUAL and CRCH are wholly-owned subsidiaries of Catlin Group Limited (LON:CGL).
The Insurance Industry in Bermuda, Key Trends and Opportunities to 2018
M2 - Thu Aug 07, 10:45AM CDT
Research and Markets (http://www.researchandmarkets.com/research/6kdqjr/the_insurance) has announced the addition of the "The Insurance Industry in Bermuda, Key Trends and Opportunities to 2018" report to their offering. Despite continued low investment yields and moderate economic growth in Europe and the US, Bermuda's insurance industry continued to thrive in 2013. Gross written premium increased at a rate of 7.4% from 2009 to 2013. The growth was primarily driven by low losses from catastrophes and proper reserve development in 2012. As a result, leading industry participants recorded a significant improvement in combined ratio, depicting strong underwriting performance which in turn supported their risk-adjusted capitalization. Key Highlights - A low regulatory burden, attractive tax environment and solid infrastructure have been key drivers for the growth of insurance, and also for the rise in the number of international companies in Bermuda. - The number of new insurers rose by 71% in 2013 over 2012, while the overall number of market participants fell from 1,209 in 2012 to 1,206 in 2013. - Bermuda has evolved as an offshore financial center, due to its minimal and liberal regulatory standards for businesses. - Growing competition is likely to have an adverse impact on the profitability of insurers and reinsurers in 2014 and 2015, with several operators exhibiting competitive underwriting practices. - During the review period, the frequency and magnitude of catastrophes increased globally, leading to increased losses and placing greater pressure on reinsurers. Key Topics Covered: 1 Executive Summary 2 Introduction 3 Bermudian Insurance Industry Overview 4 Industry Segmentation 5 Governance, Risk and Compliance 6 Competitive Landscape 7 Economic Indicators 8 Appendix Companies Mentioned - Ace Bermuda Insurance - XL Group - PartnerRe Ltd - Everest Reinsurance (Bermuda) Ltd - Catlin Group Ltd - Axis Capital Holdings Ltd - Arch Insurance (Bermuda) - Allied World Assurance Company Holdings, AG - Endurance Specialty Holdings Ltd - Hiscox Ltd For more information visit http://www.researchandmarkets.com/research/6k..._insurance
A.M. Best Affirms Ratings of Catlin Group Limited's U.S. Subsidiaries
Business Wire - Wed Aug 06, 9:05AM CDT
A.M. Best has affirmed the financial strength rating of A (Excellent) and issuer credit ratings of "a" of Catlin Insurance Company, Inc. (CICI) (Houston, TX), Catlin Specialty Insurance Company (CSIC) and Catlin Indemnity Company (CIND). CICI, CSIC and CIND participate in the Catlin U.S. intercompany pooling agreement known as the Catlin U.S. Pool. The outlook for all ratings is stable. All companies are domiciled in Dover, DE unless otherwise specified, and are ultimately owned by Catlin Group Limited (CGL) (Bermuda).
A.M. Best Affirms Ratings of Catlin Group Limited and Its Subsidiaries
Business Wire - Wed Aug 06, 9:00AM CDT
A.M. Best has affirmed the financial strength rating (FSR) of A (Excellent) and the issuer credit ratings (ICR) of "a" of Catlin Insurance Company Limited (CICL) (Bermuda), Catlin Insurance Company (UK) Ltd. (Catlin UK) (United Kingdom) and Catlin Re Switzerland Ltd. (Catlin Re) (Switzerland).
Catlin Buys 22.5% Stake in Russian Re From AIG
Michael Buck - AMBest - Fri Jan 31, 2:42PM CST
A subsidiary of Catlin Group Ltd. has purchased a 22.5% stake in Russian Reinsurance Co. from American International Group.
Melco Crown (Philippines) Resorts Corporation Announces Pricing of Senior Notes Offering of MCE Leisure (Philippines) Corporation
GlobeNewswire - Thu Dec 19, 6:53AM CST
Melco Crown (Philippines) Resorts Corporation ("MCP" or "Melco Crown Philippines"
(PSE:MCP), a subsidiary of Melco Crown Entertainment Limited ("MCE" or "Melco Crown Entertainment" (SEHK:6883) (Nasdaq:MPEL), today announced that its wholly-owned indirect subsidiary, MCE Leisure (Philippines) Corporation ("MCE Leisure Philippines" , priced its senior notes ("Notes" , which were offered to limited investors via private placement within the Philippines. Catlin entities announce agreement to invest in Input Capital Corp.
CNW Group - Thu Sep 19, 1:41PM CDT
On September 16, 2013, Catlin Underwriting Agencies Limited for and on behalf of Syndicate 2003 ("CUAL"
and Catlin Re Switzerland Ltd. ("CRCH" entered into an agreement with Input Capital Corp. (TSX Venture: INP) ("Input" , pursuant to which CUAL agreed to acquire 7,913,636 Class A common voting shares of Input and CRCH agreed to acquire 2,967,614 Class A common voting shares of Input on a private placement basis at a price of C$1.60 per Class A common voting share (the "Private Placement" . CUAL and CRCH are wholly-owned subsidiaries of Catlin Group Limited (LON:CGL). 
