Hashtag: #BermudaInsurance
AM Best Affirms Argus A- Excellent Rating
AM Best has affirmed the Argus Group’s Financial Strength Rating of A- [Excellent]. Argus Group CEO, Alison Hill commented, “AM Best’s rating is a reflection of the Argus Group’s focus on diversifying the company’s local and international products and services, which includes the merging of the broker business in Europe to create Antes, the... Read more of this article
Monument Re Completes Closing Of Acquisition
Monument Re through its subsidiary Monument Assurance Belgium [MAB] has completed the Closing of the acquisition of the entire insurance portfolio and personnel of Integrale. A spokesperson said, “All the preconditions for the conclusion of this transaction have therefore been fulfilled. This acquisition which fits perfectly with Monument Re’s... Read more of this article
LuckyTruck & SiriusPoint Strategic Partnership
LuckyTruck, Corp and Bermuda-headquartered SiriusPoint Ltd. announced a “strategic partnership which will see SiriusPoint invest in and partner with the specialist trucking broker.” A spokesperson said, “LuckyTruck is a niche broker and aggregator that makes the purchase of insurance for trucking fleets in the United States more transparent,... Read more of this article
AM Best Assigns Credit Rating To Athene Notes
AM Best has assigned a Long-Term Issue Credit Rating [Long-Term IR] of “bbb+” [Good] to the recently issued $500 million, 3.45% senior unsecured notes, due May 15, 2052, of Athene Holding Ltd. [Athene]. The outlook assigned to this Credit Rating is stable. All other ratings of Athene and its insurance subsidiaries are unchanged. The ratings agency... Read more of this article
AM Best Affirms Credit Ratings Of Conduit Re
AM Best has affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Rating of “a-” [Excellent] of Conduit Reinsurance Limited. The outlook of these Credit Ratings is stable. A statement from the ratings agency said, “The ratings reflect Conduit Re’s balance sheet strength, which AM Best assesses as very strong,... Read more of this article
ABIR, Bermuda College & St. John’s Course
The Association of Bermuda Insurers and Reinsurers [ABIR] announced that the foundational insurance course offered earlier this year in partnership with Bermuda College and New York’s St. John’s University, will be offered for a second year in the Spring of 2022. John Huff, President and Chief Executive Officer of ABIR, said: “ABIR member companies... Read more of this article
Hiscox Utilizes RMS Location Technology
Specialist global insurer Hiscox said they are ”working with RMS, the world’s leading catastrophe risk solutions company, to extend and increase its use of groundbreaking RMS Location Intelligence API technology, to improve the customer experience for its coverholders by providing real-time tailored quotes. ” A spokesperson said, “RMS... Read more of this article
AM Best Affirms Credit Ratings Of Vantage Risk
AM Best has affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Rating of “a-” [Excellent] of Vantage Risk Ltd. [Bermuda] and its affiliate, Vantage Risk Specialty Insurance Company [Chicago, IL], which do business as Vantage Group. The outlook of these Credit Ratings is stable. A statement from the ratings agency... Read more of this article
AM Best Comments On Talcott Credit Ratings
AM Best said that the ratings of the members of Talcott Resolution Group remain unchanged following the Dec. 3, 2021 announcement that Allianz Life Insurance Company of North America has entered into an agreement to reinsure a $35 billion fixed index annuity [FIA] portfolio with Resolution Life Group Holdings LP and affiliates of Sixth Street, including... Read more of this article
AM Best Affirms Credit Ratings Of Group Ark
AM Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Rating of “a” [Excellent] of Group Ark Insurance Limited [GAIL] [Bermuda]. GAIL is a wholly owned subsidiary of Ark Insurance Holdings Limited [Ark], the non-operating holding company of the Ark group. Concurrently, AM Best has affirmed the Long-Term... Read more of this article
Aspen Declares Dividends on Preference Shares
Aspen Insurance Holdings Limited announced that the Board of Directors has declared the following dividends on its Preference Shares: Quarterly dividend of $0.3719 per share on its 5.95% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares with a $25 liquidation preference per share; Quarterly dividend of $0.3516 per share on its 5.625%... Read more of this article
Mosaic Insurance Invites Capital Partners
Mosaic Insurance has launched a syndicated program ”inviting capital from commercial partners to underwrite complex specialty risks in regional markets throughout the world.” A spokesperson said, “The initiative provides much-needed additional capacity to clients at a time of increased demand amid market constraints. “Under... Read more of this article
