Max Capital Group Ltd. commented on today’s ruling by the Bermuda Supreme Court, in which the Court dismissed the application by Validus Holdings, Ltd. to convene a meeting of shareholders of IPC Holdings, Ltd. in connection with its “Scheme of Arrangement” to acquire all shares of IPC.
The ruling eliminates the uncertainty that had been introduced [...]

AXIS Capital Holdings Limited announced that the Company’s Board of Directors has appointed Thomas C. Ramey and Wilhelm Zeller to its Board as independent directors. Both will serve as Class II Directors.
Michael Butt, Chairman of AXIS Capital, said: “We are delighted to welcome Thomas C. Ramey and Wilhelm Zeller to AXIS Capital’s Board of Directors. [...]

Wm. Scott Page, president and CEO of The Lifeline Program, will host a workshop on “Successful Life Settlement Portfolio Aggregation” at the 6th Insurance Linked Securities Summit (www.ilsbermuda.com) being held July 15-17, 2009 at the Fairmont Southampton resort in Bermuda. Sponsored by the International Quality and Productivity Center (IQPC), the summit draws top professionals in [...]

The U.S. division of Sun Life Financial Inc. announced it has won the Better Business Bureau’s 2009 Local Torch Award for Excellence, marking the company’s fourth consecutive win in the category for businesses with over 1,000 employees. The award, given by the BBB serving eastern Massachusetts, Maine, Rhode Island and Vermont, selected Sun Life based [...]

Allied World Assurance Company Holdings, Ltd announced through its U.S.-based Darwin subsidiary, a new program with Jardine Lloyd Thompson (JLT) Facilities, Inc. in conjunction with the rollout of Darwin’s nationwide standard market Lawyers Professional Liability (LPL) product. JLT will be underwriting on behalf of Darwin on an admitted basis in New York, New Jersey, Illinois, [...]

Canada needs to close the gap in pension coverage, and the private sector has the tools to do it, remarked Dean Connor, President, Sun Life Financial Canada. Connor was speaking today at a meeting at the Vancouver Board of Trade.
Connor noted that “The main pension gap is with a subset of Canadians who are not [...]

As previously announced by Assured Guaranty Ltd. (“Assured”) Sean W. McCarthy has agreed to assume the position of President and Chief Operating Officer of Assured Guaranty US Holdings Inc. Assured has exchanged Mr. McCarthy’s deemed investment in 22,306 share units of Financial Security Assurance Holdings Ltd. (“FSA Holdings”) under a FSA Holdings nonqualified deferred compensation [...]

In a time of financial turmoil, the insurance industry faces an unprecedented opportunity to begin selling on value and not on price, Joe Plumeri, Chairman and CEO of Willis Group Holdings the global insurance broker, told delegates at Insurance Day’s Summit Bermuda here. Delivering the keynote address at today’s event, Plumeri said that the [...]

Maiden Holdings, Ltd. that the Company will be participating in the 2009 Fox-Pitt Kelton Cochran Caronia Waller (FPK) Small & Mid-Cap Bank and Insurance Conference being held on June 18, 2009. The Conference will be held at the Roosevelt Hotel New York, located in mid-town Manhattan.
Maiden President and CEO Art Raschbaum is scheduled to present [...]

Max Capital Group Ltd.commented on the second amended offer by Validus Holdings, Ltd. in Validus’s hostile takeover bid for IPC Holdings, Ltd. The latest by Validus fails once again to provide IPC shareholders with a financially attractive outcome. In addition, it offers no realistic path to complete a transaction. This change by Validus today of [...]