Articles

Insurance

Arch takes part in Freddie Mac pilot scheme

Bermuda-based re/insurer Arch Capital Group is taking part in a new mortgage credit risk transfer pilot programme with Federal Home Loan Mortgage Corporation Freddie Mac.   14 March 2018

Insurance

Sirius picks growth segments as it aims to attract investors

Three years after Sirius International Insurance Group was acquired by China Minsheng Investment (CMIG International), the company is rolling out ambitious growth plans and is readying itself for a potential initial public offering, Allan Waters, the company’s chief executive, tells Intelligent Insurer.   14 March 2018

Insurance

Argo acquires Italy’s Ariscom in European expansion

Bermuda-based specialty re/insurer Argo Group International Holdings has acquired Italian specialty insurer Ariscom to expand its presence across Europe.   13 March 2018

Insurance

AIG sells $502.5m in Arch shares

AIG is selling 5,674,200 shares in Arch Capital Group with a total value of $502.5 million.   13 March 2018

Insurance

PartnerRe transfers upstream energy insurance portfolio to Ark Syndicate

Bermuda-based PartnerRe has revealed that it will exit the upstream energy insurance market having signed a deal to transfer its book of business to Ark Syndicate Management.   9 March 2018

Insurance

Sompo International reveals new loss control leadership

Bermuda-based property and casualty re/insurer Sompo International has made leadership changes to its loss control division that includes a new hire from Lockton Companies.   8 March 2018

Insurance

Ironshore unit expands OCIL partnership to underwrite property risks

Ironshore subsidiary and managing general agent (MGA) Iron-Starr Excess Agency has expanded its partnership with Oil Casualty Insurance (OCIL) to underwrite property lines.   7 March 2018

Insurance

Langhorne Holdings appoints COO, Bermuda CEO

Langhorne Holdings has appointed Craig Fowler as CEO of its Bermuda-based underwriting platform Langhorne Reinsurance.   7 March 2018

Insurance

XL Group benefits from acquisition by AXA

Fitch Ratings has placed the ratings of XLIT (XL, a Cayman Islands subsidiary of XL Group) and its property/casualty re/insurance subsidiaries on Rating Watch Positive from Negative Outlook following the planned acquisition by AXA.   7 March 2018

Insurance

AXA at risk of downgrade post XL acquisition

Fitch Ratings has threatened to downgrade AXA following the plan to acquire XL Group due to financing risks related to the planned IPO of AXA’s US subsidiary.   7 March 2018

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