News
Insurance
AM Best has upgraded the Long-Term Issuer Credit Ratings to “a+” from “a” of Bermuda-based Lancashire Insurance Company and its affiliate in the UK. 25 October 2018
Insurance
Rating agency AM Best has revised the outlook of Bermuda-based reinsurer Third Point Re to negative from stable, expressing "concerns over the company’s business profile", its ability to make underwriting profits, and the recent changes in its senior management including the departure of its CEO Robert Bredahl. 17 May 2019
Insurance
Bermuda-based Randall & Quilter (R&Q) Investment Holdings has revealed a corporate restructuring to create a new division comprising of its US and European programme management businesses. 7 September 2018
Insurance
A proposed flood insurance pool that would allow insurers in the Netherlands to offer flood coverage for the first time since devastating floods hit the region in 1953 could be operational by January 2014 if plans drawn up by a consortium of brokers are ratified by the Dutch authorities at a meeting on June 12. 1 May 2013
Insurance
PartnerRe enjoyed solid growth and a big increase in profits in the first quarter of 2019 driven largely by net unrealized investments gains - but the Bermuda reinsurer’s CEO also highlighted improvements in the pricing environment. 16 May 2019
Alternative Risk Transfer
American International Group (AIG) CEO Brian Duperreault is in the process of reducing volatility of the company’s portfolio and insurance-linked securities (ILS) capabilities acquired through the Validus takeover are expected to help to reach this goal. 6 September 2018
Insurance
Bermuda-based re/insurer Sompo International Holdings is launching a global financial and professional lines platform encompassing insurance and reinsurance capabilities. 6 September 2018
Insurance
Everest Insurance, the specialty insurance division of Bermuda-based Everest Re Group, has hired former Guy Carpenter head of innovation and product development Don Mango. 6 September 2018
Insurance
Japanese conglomerate SoftBank is seeking to join Swiss Re’s board as it negotiates the acquisition of a minority stake in the reinsurer, according to a Feb. 18 Financial Times report. 19 February 2018
Insurance
Specialty insurance company ProAssurance Corporation has unveiled leadership changes following the retirement of Howard Friedman, president of healthcare professional liability. 22 February 2019
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