Hashtag: #BermudaInsurance
IGI Quarterly Dividend Of $0.025 Per Share
International General Insurance Holdings declared an ordinary common share dividend of $0.025 per share. A spokesperson said, “International General Insurance Holdings Ltd. today announced that its Board of Directors has declared an ordinary common share dividend of $0.025 per share for the period April 1, 2024 – June 30, 2024. The dividend is payable... Read more of this article
Fidelis Quarterly Dividend & Share Repurchase
Fidelis Insurance Group declared a dividend and announced a new share repurchase authorization. A spokesperson said, “Fidelis Insurance Holdings Limited, a global specialty insurer, announced today that its Board of Directors has approved and declared a dividend of $0.10 per share, payable on September 30, 2024, to common shareholders of record... Read more of this article
AM Best Assigns A- Rating To Martello
AM Best has assigned a Financial Strength Rating of A- [Excellent] and a Long-Term Issuer Credit Rating of “a-” [Excellent] to Martello Re Limited. The outlook assigned to these Credit Ratings [ratings] is stable. A statement from the ratings agency said, “The ratings reflect Martello Re’s balance sheet strength, which AM Best assesses... Read more of this article
Darag Agrees To Sell Entities To Riverstone
Darag Group announced that it has “agreed to sell, subject to regulatory approvals, its North American and Bermuda business entities to the RiverStone Group.” A spokesperson said, “The sale is expected to close by year end. Darag’s North American and Bermuda business has built a reputation as the leading player in its niche... Read more of this article
Everest Group Ltd Appoints Bill Hazelton
Everest Group, Ltd. has named industry leader Bill Hazelton Executive Vice President of Everest Insurance & President of North America Insurance. A spokesperson said, “Mr. Hazelton most recently served as Head of US Retail Casualty and Industry Practices for Everest Insurance. Prior to Everest, Mr. Hazelton spent three decades in various... Read more of this article
Paul Craven To Speak At 2024 Convergence
ILS Bermuda announced that Paul Craven, an international speaker and specialist in behavioural science, will be the keynote speaker at ILS Bermuda’s Convergence 2024. A spokesperson said, “The event will take place from October 7–9, 2024, bringing together industry leaders and innovators to explore the latest trends and opportunities in... Read more of this article
Arch Completes Acquisition: Allianz Businesses
Arch Insurance North America, part of Arch Capital Group Ltd. announced it has closed the acquisition of the U.S. MidCorp and Entertainment insurance businesses from Allianz originally announced on April 5. A spokesperson said, “Nearly 500 former Allianz MidCorp and Entertainment employees have joined Arch and will provide continuity to clients... Read more of this article
AM Best Affirms A- Ratings For Athora
AM Best has affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Ratings of “a-” [Excellent] for Athora Life Re Ltd. and Athora Ireland plc. The ratings agency said, “AM Best has affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Ratings of “a-” [Excellent] of Athora... Read more of this article
Toby Smith Joins Mosaic As Americas CEO
Toby Smith joined Mosaic Insurance as Americas CEO, effective July 23. A spokesperson said, “Based in New York, Smith is a top-ranking industry figure who will become a member of the specialty insurer’s leadership team, with specific responsibility for spearheading market engagement and profitable growth across the US, Canada, and the wider... Read more of this article
AM Best Affirms Assured Guaranty A+ Rating
AM Best has affirmed the Financial Strength Rating of A+ [Superior] and the Long-Term Issuer Credit Rating of “aa” [Superior] for Assured Guaranty Re Overseas Ltd. The ratings agency said, “AM Best has affirmed the Financial Strength Rating of A+ [Superior] and the Long-Term Issuer Credit Rating of “aa” [Superior] of Assured Guaranty Re... Read more of this article
AM Best Affirms Lion Reinsurance’s Rating
AM Best has affirmed Lion Reinsurance Company Limited’s A [Excellent] Financial Strength Rating and “a” [Excellent] Long-Term Issuer Credit Rating, with a stable outlook. The ratings agency said, “AM Best has affirmed the Financial Strength Rating [FSR] of A [Excellent] and the Long-Term Issuer Credit Rating [Long-Term ICR] of “a” [Excellent]... Read more of this article
AM Best Affirms Everest Group’s A+ Ratings
AM Best has affirmed the Financial Strength Rating of A+ [Superior] and the Long-Term Issuer Credit Ratings of “aa-” [Superior] for Everest Group, Ltd.’s operating subsidiaries. The ratings agency said, “AM Best has affirmed the Financial Strength Rating [FSR] of A+ [Superior] and the Long-Term Issuer Credit Ratings [Long-Term ICR] of... Read more of this article
