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The Bermuda Monetary Authority (BMA) issued a bulletin welcoming the recently released report by the International Monetary Fund (IMF), which gave the island high marks for its regulatory system.

In a corrected version of an earlier release (the headline was incomplete), Standard & Poor's Ratings Services has affirmed both its 'A-' counterparty credit rating on ACE Ltd. and it's 'A+' counterpa

Aon Risk Services announced that it has "developed a range of new products to respond to the recent economic volatility. The series of product suites is designed to help companies mitigate and deal wi

Bermuda-based Flagstone Reinsurance Holdings Limited has entered into an agreement to acquire Marlborough Underwriting Agency Limited, the managing agency for Lloyd's Syndicate 1861. The Syndicate

The by now all too familiar litany of the world's financial woes took pride of place at A.M. Best's well-attended conference (over 240 attendees) in London on October 15. Roger Sellek, the rating

The Hartford Financial Services Group, Inc. has finalized a $2.5 billion capital investment by Allianz SE. Under the agreement, Allianz has purchased, at $31 per share, $750 million of preferred sh

A top U.S. lawmaker has asked the chief executive of American International Group for details on how the company has used its $123 billion of taxpayer rescue funding so far. Rep. Henry Waxman, chai

The Massachusetts Registry of Motor Vehicles will cut branch hours as it scales back amid a massive, statewide budget cut. The RMV saw $2 million chopped from its budget as part of $1 billion in cu

No-one expects a fallen Master of the Universe to say sorry. But academics say an apology -- for all the litigation risk it entails -- can be the basis of revitalised confidence and trust. With glo

After a fender-bender in 2001, a Pennsylvania appellate judge claimed he was left in constant pain, unable to golf or swim or even at times hold a cup of coffee steady. Yet the following year, pros