BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Orderly runoff expected for sEnergy


HAMILTON, Bermuda—Credit rating agency Moody's says that it is confident that the now defunct mututal sEnergy Insurance Ltd., the Bermuda-based energy insurer backed by the OIL Group of insurance companies comprises, will complete its runoff in an orderly manner and return cash to members.

Moody's this week affirmed and withdrew sEnergy's A2 financial strength rating, stating that sEnergy has continued to satisfy its claim obligations, and to collect enough premiums from its members to cover its claims and general expenses.

The rating agency said that it "expects that sEnergy will continue its orderly wind-down over the coming year, and that upon the final settlement of its claim liabilities, it will distribute its contributed surplus and funds received from members from the issuance of its preference shares."