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Insurance
Scottish Re Group, which placed its reinsurance business into run-off in 2008, has turned its comprehensive income into positive figures in the second quarter of 2016, while growing rise net premiums earned. 19 August 2016
Insurance
Aspen US Insurance, a subsidiary of Aspen Insurance Holdings, has opened a new office in Dallas, Texas to provide products and services to regional customers and brokers. 18 August 2016
Insurance
The members of the Association of Bermuda Insurers and Reinsurers (ABIR) made a direct contribution of $834.3 million to Bermuda’s economy in 2015, according to the association’s 11th annual ‘Bermuda Economic Impact Survey’. 18 August 2016
Insurance
Moody's Investors Service (Moody's) has placed Arch Capital’s A1 insurance financial strength rating on review for downgrade after its agreement to acquire United Guaranty Corporation (UGC) from American International Group (AIG) for $3.4 billion. 18 August 2016
Insurance
AM Best has placed under review with developing implication the financial strength rating of A+ of Arch Reinsurance and its strategic affiliates, after Arch Capital agreed to acquire United Guaranty Corporation and AIG United Guaranty (Asia) from American International Group (AIG). 18 August 2016
Insurance
S&P Global Ratings has warned of the execution risks inherent in Arch Capital Group’s $3.4 billion acquisition of American International Group’s (AIG) mortgage insurer, United Guaranty Corporation (UGC) and placed Arch’s ratings on negative outlook as a result. 17 August 2016
Insurance
Arch Capital Group is to further expand its footprint in the mortgage insurance market by acquiring two businesses from American International Group (AIG) for around $3.4 billion. 16 August 2016
Insurance
Hamilton Insurance Group, the Bermuda-based holding company, has added the former CEO of Aon Hewitt to its board of directors. 15 August 2016
Insurance
Growth in the reinsurance segment of Markel so far this year has been driven by new business in its mortgage product line and large quota share reinsurance treaties but tough market conditions make further growth this year unlikely, Richard Whitt III, co-chief executive officer of Markel Corporation, said in a conference call next week covering the company’s second quarter results. 12 August 2016
Insurance
Ironshore’s Pembroke Managing Agency has introduced its ‘Specie Consortium’, a venture supported by 21 Lloyd’s syndicates which offers up to $635 million in capacity for any one risk. 11 August 2016
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