News

Global Reinsurance Magazine Political Risk: Bermuda's Role Three years ago Bermuda had virtually no involvement in the political risk (re)insurance. Today, two Bermuda companies are together by far the world’s largest providers of underwriting capacity to the private market. Price Lowenstein explains how it happened. Perhaps no sector of the (re)insurance market has undergone more…

Sovereign Increases Political Risk Capacity and Extends Terms to 15 Years HAMILTON, Bermuda, July 26, 1999 - Sovereign Risk Insurance Ltd. ("Sovereign"), the Bermuda-based political risk insurance underwriting agency, has announced that it will begin its third year of operations with increased per-project limits and expanded terms of coverage. Sovereign will increase its per-project capacity…

Sovereign Risk Hires Senior Underwriting Officer HAMILTON, Bermuda, July 9, 1999 - Sovereign Risk Insurance Ltd., the Bermuda-based political risk underwriting agency formed as a joint venture between ACE Limited (NYSE: ACL) and XL Capital Ltd (NYSE: XL), has announced that Christina Westholm-Schröder has been hired as Vice President and Senior Underwriting Officer. Ms. Westholm-Schröder,…

Sovereign Increases Political Risk Capacity and Expands Coverage HAMILTON, Bermuda, August 3, 1998 - Sovereign Risk Insurance Ltd., (“Sovereign”) the Bermuda-based political risk insurance underwriting agency, has announced that it will begin its second year of operations with substantially larger project and country limits as well as expanded coverage lines. Price Lowenstein, Sovereign's President and…

Sovereign Announces Landmark Reinsurance Agreement with French Government Insurer COFACE March 25, 1998. Hamilton, BERMUDA - Sovereign Risk Insurance Ltd. (Sovereign) today announces the signing of a landmark reinsurance agreement with the French Government Export Credit Agency, COFACE. The agreement, which win go into effect on April 1, win provide COFACE with $80 million of…