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Sphere Drake straightening curves. (Sphere Drake Holdings Ltd.)
Business Insurance
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November 25, 1996|
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COPYRIGHT 1996 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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HAMILTON, Bermuda - Sphere Drake Holdings Ltd. hopes to improve its image and its insurance rating with a reorganization designed to strengthen its balance sheet.
"The rating agencies want to see some success" in implementing a strategic plan that follows a six-month review of the company's operations, said President and Chief Executive Michael Watson. "We intend to deliver better earnings over time to justify higher ratings," he said.
Sphere Drake also will explore ways to improve its image. These may include high-profile reinsurance transactions or entering a ...
 "The Economist (US)")
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