May 29: Business Briefs

Ironshore

Ironshore International is launching a customized, comprehensive insurance solution to meet increased marketplace demand.

The company said their new product responds to the heightened risk exposure associated with high-profile events.  

The new product, “SecurEvent,” is a single broad form policy that offers a suite of coverage protection, including broad form contingency, general liability, accidental death and dismemberment insurance, as well as pre- and post- event crisis management coverage.

Ironshore’s SecurEvent policy can be tailored to meet specific sponsor organizational risk requirements for single day events, as well as events held over an extended time period.  Ironshore will underwrite the coverage through its Lloyd’s Pembroke Syndicate 4000, based in London.

“Terrorism and political violence attacks are designed to cause maximum human suffering and economic loss and, unlike natural catastrophic events, they are calculated strikes,” said Mark Wheeler, Chief Executive Officer of Ironshore International in a press release. 

“Ironshore’s team of experts has in-depth, proven specialist underwriting knowledge necessary to analyze and address risk exposures surrounding large sporting and entertainment events.” 

Mr. Wheeler emphasized that “Ironshore and Pembroke are recognized specialists in war and terrorism insurance and other political violence exposures, and we are poised to address these risks by providing this innovative, event-specific coverage solution throughout our global platform.”

Butterfield notes

The Bermuda Stock Exchange announced the voluntary de-listing upon early redemption, of Bank of Butterfield — $78 Million ($53mil) Subordinated Notes Series A - Due May 2018. 

The de-listing from the BSX is effective from Tuesday, May 28, 2013.

De-listing

The Bermuda Stock Exchange announced the voluntary de-listing, of SSgA Liquidity plc - class I Shares and class P Shares as approved by the board of directors. 

The de-listing from the BSX is effective from Tuesday, May 28, 2013.

Name change

The Bermuda Stock Exchange announces the change of name of NeoMedigen, Inc., to NeoMedigen Limited as the company has restructured by continuance into Bermuda. 

The company was continued to Bermuda under its present name, NeoMedigen Limited, on April 24, 2013 bearing registration number 47643 as evidenced by a Certificate of Continuance issued by the Registrar of Companies in Bermuda on May 7, 2013.