Canadian Imperial Bank of Commerce, which took the biggest beating in the credit crisis, will help a 152-year-old Bermuda-based financial institution.

The Canadian bank that took the biggest beating in the credit crisis is coming to the aid of another troubled lender, further proof that the country's banks have emerged from the period with surprising strength.

In an approximately $2 billion stock deal, the Bermuda-based reinsurance PartnerRe Ltd. is set to takeover its smaller Swiss rival Paris Re!

In a projected move to augment its finances for the acquisition of US insurer Financial Security Assurance Holdings Ltd (FSAH), Assured Guaranty Ltd. has announced a public offering of $400 million of its common shares and nearly $150 million of its equity units.