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Starr Insurance Companies Expands In Thailand

Starr Insurance Companies Expands In Thailand

Starr Insurance Companies announced an agreement with FPG Insurance Holdings Limited and local Thai shareholders to purchase FPG Insurance Public Company Limited [FPG Thailand], a Thai non-life insurance company, together with local Thai parties. The company said, “Starr’s investment will be held by its Bermuda insurance company, Starr Insurance... Read more of this article

Regulated Crypto-Native Insurance Marketplace

Regulated Crypto-Native Insurance Marketplace

Nayms has ‘graduated’ from the Bermuda Monetary Authority’s [BMA] regulatory sandbox to “become the world’s first, fully regulated crypto-native insurance marketplace,” the BDA announced today. A spokesperson said, “The Bermuda Business Development Agency [BDA] congratulates Nayms for graduating from the Bermuda Monetary... Read more of this article

AM Best Affirms Credit Ratings Of Nissan Global

AM Best Affirms Credit Ratings Of Nissan Global

AM Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Rating of “a” [Excellent] of Nissan Global Reinsurance, Ltd. [NGRe] [Hamilton, Bermuda]. The outlook of these Credit Ratings [ratings] is stable. A statement from the ratings agency said, “The ratings reflect NGRe’s balance sheet strength, which... Read more of this article

Fidelis Insurance Joins UN-Convened NZIA

Fidelis Insurance Joins UN-Convened NZIA

Fidelis Insurance Holdings Limited has joined the Net-Zero Insurance Alliance [NZIA], convened by the UN Environment Programme’s Principles for Sustainable Insurance Initiative, saying it ”highlights Fidelis’ commitment to supporting the insurance industry’s transition to net-zero underwriting by 2050.” Richard Brindle, Chairman and Group... Read more of this article

AXIS Launches Portfolio Underwriting Unit

AXIS Launches Portfolio Underwriting Unit

AXIS Capital Holdings Limited has launched a Portfolio underwriting unit, which targets multi-class portfolio business that is placed in the London specialty insurance market. A spokesperson said, “The Portfolio team is now actively underwriting portfolios of multi-class risks on a follow-line basis, in conjunction with trusted and proven lead carriers. “The... Read more of this article

BDA To Welcome Global Climate Leaders

BDA To Welcome Global Climate Leaders

The invite-only Bermuda Climate Summit — which will be held from May 23 – 24 — is “already at capacity”, with the BDA CEO saying “we are honoured to welcome global leaders to Bermuda for this extraordinary event to network, share ideas, and discuss vital solutions to the global climate crisis.” A spokesperson said,... Read more of this article

BILTIR Host Careers Event At Warwick Academy

BILTIR Host Careers Event At Warwick Academy

Bermuda International Long Term Insurers and Reinsurers [BILTIR] held a careers event with students at Warwick Academy to highlight job opportunities in the island’s thriving life insurance industry. Due to Covid-19 restrictions, this was the time first time BILTIR had held an in-person careers event in two years. Warwick Academy pupils with BILTIR... Read more of this article

ABIR ‘Strongly Oppose’ S&P Proposal

ABIR ‘Strongly Oppose’ S&P Proposal

The Association of Bermuda Insurers and Reinsurers [ABIR] said they are “strongly opposing a proposal by Standard & Poor’s Global Ratings to disallow senior debt as a form of available capital,” calling the draft plan “disruptive” and an “overuse of market power.” ABIR’s technical response on numerous fronts is detailed... Read more of this article

Hamilton Insurance Receives Positive Outlook

Hamilton Insurance Receives Positive Outlook

Hamilton Insurance Group, Ltd. has received a positive outlook from A.M. Best Rating Services, Inc. [“A.M. Best”] and affirmation of its Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Ratings of “a-” [Excellent] of Hamilton Re, Ltd. and Hamilton Insurance DAC, each a wholly owned subsidiary of Hamilton. “We’re... Read more of this article

Mosaic Opens Second US Office In Chicago

Mosaic Opens Second US Office In Chicago

Mosaic Insurance has opened an office in Chicago, IL, its second US physical location, for a growing number of employees. “The new Chicago office underscores our focus on the important North American market, where we source a large portion of our business,” said Co-Founder & Co-CEO Mitch Blaser. “We’re thrilled to add the city to our strategic... Read more of this article

Mosaic Insurance Partners With Apollo

Mosaic Insurance Partners With Apollo

Mosaic Insurance has added Lloyd’s carrier Apollo to its consortia of industry partners, boosting the amount of syndicated capacity it can deploy for high-demand transactional liability coverage worldwide. A spokesperson said, “The partnership with Apollo Syndicate Management Limited supports Mosaic’s hybrid syndicated capital program, in which... Read more of this article

WiRe To Host Networking Panel Event

WiRe To Host Networking Panel Event

Women in Reinsurance [WiRe] announced the first event in its 2022 Educational Series – a panel focused on strategies for building and influencing professional relationships. A spokesperson said, “The Network – Building and Influencing Professional Relationships’ panel will include Catherine R. Duffy, Country Manager [Bermuda], AIG,... Read more of this article

AM Best Affirms Credit Ratings Of SiriusPoint

AM Best Affirms Credit Ratings Of SiriusPoint

AM Best has affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Ratings  of “a-” [Excellent] of the rated operating subsidiaries of SiriusPoint Ltd. Additionally, AM Best has affirmed the Long-Term ICR of “bbb-” [Good] of SiriusPoint, which is a non-operating holding company. Concurrently, AM Best has affirmed... Read more of this article