Hashtag: #BermudaInsurance
AM Best Affirms Ratings Of Black Gold Re
AM Best has affirmed the Financial Strength Rating of B++ [Good] and the Long-Term Issuer Credit Rating of “bbb+” [Good] of Black Gold Re Limited [BGRe] [Bermuda]. The ratings agency said, “The outlook of these Credit Ratings [ratings] is stable. BGRe is a captive reinsurer of Ecopetrol S.A. [Ecopetrol] [NYSE: EC], a Colombia-based integrated... Read more of this article
SiriusPoint & NIP Partner For E&S Platform
SiriusPoint and NIP Group have unveiled plans for a collaborative venture to establish a new Excess and Surplus [E&S] program underwriting platform. A spokesperson said, “SiriusPoint Ltd., a global specialty insurer and reinsurer, and NIP Group [NIP], a leading specialty insurance provider, have today announced a strategic partnership to form... Read more of this article
Fidelis Announce 2023 Results & Rebrand
Fidelis MGU [The Fidelis Partnership] today announced its results for the year ended 31 December 2023, alongside its rebrand to ‘The Fidelis Partnership’ from Fidelis MGU. Key 2023 Financial Highlights of Portfolio Underwritten by Fidelis MGU for Fidelis Insurance Group Gross Written Premium [GWP] grew by 19% to $3.6 billion from full year 2022,... Read more of this article
Brit Ltd Appoints David Cary As Deputy Head
Brit Ltd announced that David Cary has been appointed to the role of Deputy Head of Property Treaty, Bermuda. A spokesperson said, “David brings nearly 20 years’ experience in the reinsurance sector. Before joining Brit, he was Underwriting Manager and Head of Property & Casualty, Bermuda for QBE Re. Prior to this, David held senior roles... Read more of this article
AM Best Assign B++ Rating To Mozart Insurance
AM Best has assigned a Financial Strength Rating of B++ [Good] and a Long-Term Issuer Credit Rating of “bbb” [Good] of Mozart Insurance, Ltd. [Mozart] [Bermuda]. The outlook assigned to these Credit Ratings [ratings] is stable. The ratings agency said, “The ratings reflect Mozart’s balance sheet strength, which AM Best assesses as very strong,... Read more of this article
Wilton Re Sponsor Devonshire Colts Program
Wilton Reinsurance Bermuda has become the new lead sponsor for the Devonshire Colts FC under 5 to under 15 youth programme for the next four years. A spokesperson said, “With approximately 125 players and 20 coaches, the Devonshire Colts youth programme not only focuses on the sport of football and player development but the importance of character... Read more of this article
Coalition’s Cyber Insurance Deal With Aspen
Coalition has inked a new multi-year capacity deal with Aspen to roll out cyber insurance capacity in the U.S. starting April 1, 2024. A spokesperson said, “Coalition, the world’s first Active Insurance provider designed to prevent digital risk before it strikes, today announced it has executed a new, multi-year capacity agreement with Aspen... Read more of this article
Hamilton Appoints Dr Vaughan & Patterson
Hamilton Insurance Group has welcomed Dr. Therese Vaughan and Neil Patterson to its Board of Directors, effective March 11, 2024, with Patterson assuming the role of Chair of the Audit Committee, while Pauline Richards retires after a decade of service. A spokesperson said, “Hamilton Insurance Group, Ltd. announced today that Dr. Therese Vaughan... Read more of this article
AM Best Affirms Validus Re’s Excellent Ratings
Following a review, AM Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Ratings of Validus Reinsurance, Ltd. and Validus Reinsurance [Switzerland] Ltd. The ratings agency said, “AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of A [Excellent]... Read more of this article
Fidelis Launches Quarterly Dividend Program
Fidelis Insurance Holdings announced that its Board of Directors has approved the initiation of a dividend program under which the Company intends to pay a quarterly cash dividend. The initial dividend will be $0.10 per share, payable on March 29, 2024 to common shareholders of record on March 15, 2024. Dan Burrows, Fidelis Insurance Group CEO stated,... Read more of this article
Fidelis Partners With Whitney Middle School
Fidelis Insurance Holdings – the Bermuda headquartered global specialty insurance business — announced a partnership with Whitney Institute Middle School. A spokesperson said, “Under the new agreement, Fidelis Insurance will sponsor extra tutoring for certain students between the ages of 11 – 13 for the remainder of the academic... Read more of this article
White Mountains Insurance Elects Reid Campbell
The Board of Directors of White Mountains Insurance Group, Ltd. has elected Reid T. Campbell as a director of the Company. Mr. Campbell’s election to the Board follows his retirement as President of the Company after a distinguished thirty-year career at White Mountains. CEO Manning Rountree said, “I thank Reid for the substantial value... Read more of this article
