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White Mountains Insurance Elects Reid Campbell

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

Ascot Launches New Reinsurance Business

Ascot Launches New Reinsurance Business

Ascot announced the launch of its Marine & Energy Treaty reinsurance business in Bermuda, led by Alex Kirkby, with support from Emma Foxley. A spokesperson said, “Ascot today announces the launch of the company’s Marine & Energy Treaty reinsurance business in Bermuda, led by the newly appointed Alex Kirkby, Senior Vice President, Head... Read more of this article

Everest Promotes Two Reinsurance Leaders

Everest Promotes Two Reinsurance Leaders

Everest announced the promotion of two key leaders in the Reinsurance Division, with Jill Beggs promoted to Reinsurance EVP and COO and Jiten Voralia appointed as Head of North America Treaty Reinsurance. A spokesperson said, “Everest Group, Ltd. [NYSE: EG], a global underwriting leader providing best-in-class property, casualty, and specialty... Read more of this article

Mosaic Offers $25m In Customized Coverage

Mosaic Offers $25m In Customized Coverage

Mosaic Insurance has launched a suite of specialized financial institutions products, offering $25 million in investment management insurance [IMI], blended with cyber and other coverage for asset managers, funds, and associated directors. A spokesperson said, “The global company’s new asset manager form combines professional indemnity, IMI,... Read more of this article

AM Best Upgrades CG United Insurance Ratings

AM Best Upgrades CG United Insurance Ratings

AM Best has upgraded the Financial Strength Rating and the Long-Term Issuer Credit Rating of CG United Insurance The ratings agency said, “AM Best has upgraded the Financial Strength Rating [FSR] to A [Excellent] from A- [Excellent] and the Long-Term Issuer Credit Rating [Long-Term ICR] to “a” [Excellent] from “a-” [Excellent] of CG United... Read more of this article

AM Best Downgrades Credit Ratings Of 777 Re

AM Best Downgrades Credit Ratings Of 777 Re

AM Best has downgraded the Financial Strength Rating of 777 Re. Ltd., citing concerns over the company’s “marginal operating performance, very limited business profile and weak enterprise risk management.” The ratings agency said, “AM Best has downgraded the Financial Strength Rating to C- [Weak] from B [Fair] and the Long-Term... Read more of this article

Appleby Bermuda Top-Ranked In Chambers

Appleby Bermuda Top-Ranked In Chambers

Law firm Appleby has received top rankings in Bermuda in the 2024 Chambers Global Legal Guide. Appleby’s Bermuda office has been ranked in Band 1, the highest tier, in three categories: Corporate & Finance, Dispute Resolution and Insurance. A spokesperson said, “Appleby also has 10 lawyers ranked across the categories: “Corporate &... Read more of this article

Warwick Re Announces Transaction Completion

Warwick Re Announces Transaction Completion

Warwick Re Ltd, a Bermuda-based reinsurance company, announced it has completed its second transaction, an annuity reinsurance agreement with a U.S. life insurer. A spokesperson said, “Under the terms of the agreement, Warwick Re has reinsured an inforce block of U.S. annuity business and the cedant will continue to service and administer the... Read more of this article

Vantage Group US Primary Casualty Coverage

Vantage Group US Primary Casualty Coverage

Vantage Group Holdings Ltd. is now offering U.S. Primary Casualty in addition to its existing Bermuda and U.S. Excess Casualty products, continuing the company’s expansion of specialty insurance capabilities for its brokers and clients. A spokesperson said, “Vantage’s new U.S. Primary Casualty team builds on its U.S. and Bermuda Excess... Read more of this article

AM Best Confirms Strong Ratings For PartnerRe

AM Best Confirms Strong Ratings For PartnerRe

AM Best confirmed strong ratings for PartnerRe Ltd. and its subsidiaries, noting stability despite leadership changes. 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 “aa-” [Superior] of the operating subsidiaries of PartnerRe Ltd.... Read more of this article

AM Best Revises Canopius Outlooks To Stable

AM Best Revises Canopius Outlooks To Stable

AM Best revised the outlooks to stable from negative for Canopius US Insurance, Inc. The ratings agency said, “AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Ratings of “a-” [Excellent] of Canopius US Insurance, Inc. [Canopius US] [Wilmington,... Read more of this article

Boost Adds Over $130M Of Reinsurance Capacity

Boost Adds Over $130M Of Reinsurance Capacity

Boost Insurance, an insurance infrastructure platform, announced that it had secured over $130 million in new reinsurance capacity to sit behind its MGA, insurtech, and embedded insurance programs. A spokesperson said, “In addition to renewing its treaties with all existing reinsurers, including strategic partners RenaissanceRe and Canopius, its... Read more of this article

MS Reinsurance Donated $200K To Charity

MS Reinsurance Donated $200K To Charity

MS Reinsurance revealed its contribution of US$200,000 to Bermudian charities in 2023, complemented by team members’ volunteered hours. A spokesperson said, “MS Reinsurance, the global reinsurer, announces that it donated US$200,000 to local Bermuda charities throughout 2023, as well as dedicated hours of volunteering by team members. Most... Read more of this article

Warwick Re Closes $500M Agreement

Warwick Re Closes $500M Agreement

Warwick Re Ltd, a Bermuda-based reinsurance company, announced the “closing of a quota share reinsurance agreement to support Just Group plc, a leading UK BPA insurer, for a circa. $500 million transaction completed in December 2023.” A spokesperson said, “This is an inaugural transaction for Warwick Re, a provider of innovative reinsurance... Read more of this article

CG Offering ‘Insure Your Love’ Info Sessions

CG Offering ‘Insure Your Love’ Info Sessions

CG Insurance is offering life insurance information sessions on February 22 and February 29. A spokesperson said, “During this season of reflection and appreciation for your personal relationships, CG Insurance underscores the importance of safeguarding your most valuable assets – your loved ones. While love is immeasurable, it can be protected... Read more of this article

AM Best Affirms Credit Ratings Of PMG

AM Best Affirms Credit Ratings Of PMG

AM Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Rating of “a+” [Excellent] of PMG Assurance Ltd. [PMG] [Bermuda], with a stable outlook. The ratings agency said, “The ratings reflect PMG’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance,... Read more of this article