IPCRe Limited

Central Valley Community Bank to Accept State of California Registered Warrants for a Limited Time

July 6th, 2009

Daniel J. Doyle, President and Chief Executive Officer of Central Valley Community Bank (Bank), the sole subsidiary of Central Valley Community Bancorp announced the Bank will accept registered warrants issued by the State of California for a limited time.
Registered warrants will be accepted from existing customers beginning Thursday, July 2, 2009 through Friday, July 31, [...]

Central Valley Community Bank to Accept State of California Registered Warrants for a Limited Time

July 4th, 2009

Daniel J. Doyle, President and Chief Executive Officer of Central Valley Community Bank (Bank), the sole subsidiary of Central Valley Community Bancorp (announced the Bank will accept registered warrants issued by the State of California for a limited time.
Registered warrants will be accepted from existing customers beginning Thursday, July 2, 2009 through Friday, July 31, [...]

Central Valley Community Bank to Accept State of California Registered Warrants for a Limited Time

July 3rd, 2009

Daniel J. Doyle, President and Chief Executive Officer of Central Valley Community Bank (Bank), the sole subsidiary of Central Valley Community Bancorp nnounced the Bank will accept registered warrants issued by the State of California for a limited time.
Registered warrants will be accepted from existing customers beginning Thursday, July 2, 2009 through Friday, July 31, [...]

Glass Lewis and PROXY Governance Both Recommend IPC Shareholders Vote for the IPC/Max Amalgamation

June 2nd, 2009

IPC Holdings, Ltd.announced that Glass Lewis & Co. and PROXY Governance Inc., two of the nation’s leading proxy advisory firms, have each recommended that IPC shareholders vote the white proxy card for all the proposals associated with IPC’s proposed amalgamation with Max Capital Group Ltd (NASDAQ: MXGL; BSX: MXGL BH).
In its June 1, 2009 report [...]

Enstar Group Limited Announces Proposed Acquisition

May 30th, 2009

Enstar Group Limited announced that its wholly-owned subsidiary, Nordic Run-Off Limited, had entered into a definitive agreement for the purchase of Copenhagen Reinsurance Company Ltd. (“Copenhagen Re”) from Alm. Brand Forsikring A/S. Copenhagen Re was placed into run-off in 2001.
The purchase price of approximately $28 million is expected to be financed from available cash on [...]

Wolf Haldenstein Adler Freeman & Herz LLP Commences Class Action Lawsuit on Behalf of Owners of Variable Universal Life Insurance Policies Issued by Argus International Life or Tremont International Insurance Limited

January 22nd, 2009

On January 20, 2009, Wolf Haldenstein Adler Freeman & Herz LLP filed a class action lawsuit in the United States District Court, Southern District of New York, on behalf of all persons who purchased the Variable Universal Life Insurance (“VUL”) Policies issued by Tremont International Insurance Limited or Argus International Bermuda Limited [AGH BH] (collectively, [...]

A.M. Best Upgrades Issuer Credit Rating and Affirms Financial Strength Rating for Interglobal Insurance Company Limited

January 8th, 2009

A.M. Best Co. has affirmed the financial strength rating of B++ (Good) and upgraded the issuer credit rating to “bbb+” from “bbb” of Interglobal Insurance Company Limited (Interglobal) (UK). The outlook for both ratings is stable.
The rating actions reflect Interglobal’s improving business position, good prospective earnings and strong risk-adjusted capitalization.
In A.M. Best’s opinion, Interglobal has [...]

Exchange Rate Set for ACE Limited Quarterly Dividend

January 6th, 2009

As previously announced, the Board of Directors of ACE Limited declared a quarterly dividend of 0.30 Swiss Francs (CHF) per share, payable on January 12, 2009 to shareholders of record as of December 17, 2008. The dividend payment will be $0.27 per share, based on the USD/CHF exchange rate published on January 5, 2009 [...]

A.M. Best Affirms Ratings of CIGNA Life Insurance New Zealand Limited

January 1st, 2009

A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of CIGNA Life Insurance New Zealand Limited (CLINZ) (New Zealand). The outlook for both ratings is stable.
The ratings of CLINZ reflect its moderate level of risk-adjusted capitalization, continued favorable operating performance and conservative investment allocation.
CLINZ’s risk-adjusted [...]

WebFinancial Corp Stockholders Approve Merger into WebFinancial L.P. — Completes Conversion from a Corporation to a Limited Partnership and Business Combination with Steel Partners II, L.P.

January 1st, 2009

WebFinancial Corporation announced that it has completed through a merger transaction its conversion into a publicly traded limited partnership. Additionally, WebFinancial L.P., the successor to WebFinancial Corporation, today announced the completion of an exchange agreement (the “Exchange”) under which Steel Partners II Master Fund L.P. will transfer effective January 1, 2009 to WebFinancial L.P. its [...]