News relating to the Bermuda and international insurance and reinsurance industry.
Willis Re has named David Schoenrock as its executive vice president and head of global accounts for Willis Re North America.
Assured Guaranty saw gross written premiums rise to $69 million in Q3 2019, up from $50 million in Q3 2018.
AM Best has placed the financial strength rating of Argo Re under review with negative implications, following the sudden departure of its CEO and the recent attention of the Securities and Exchange Commission (SEC).
Ed, the global reinsurance, wholesale and specialty broker, has appointed John Turner as chairman of Ed Bermuda, a newly created role.
Hayley Johnston will become the new chief executive officer of Lancashire Insurance Company some time in the Spring of 2020.
James River Group (JRG) reported a net loss of $25.2 million for Q3, down on the net income of $19.6 million generated in Q3 2018.
Argo Group reported a net loss of $25.1 million for Q3 2019, compared to net income of $40.6 million for Q3 2018.
Lancashire Holdings increased its gross written premiums by 13.8 percent in the first nine months of 2019 compared to the same period in 2018, to $578.0 million, it said in its quarterly trading statement.
Mark Watson has retired from his role as chief executive officer of Argo Group International, effective immediately.
The Apollo/Athene Dedicated Investment Program (ADIP), the investment fund managed by Apollo that will help fund Athene Co-Invest Reinsurance Affiliate (ACRA), raised $3 billion of capital commitments in the period through October 2019.