News relating to the Bermuda and international insurance and reinsurance industry.
Willis Re reshuffles senior management team in North America
Willis Re has named David Schoenrock as its executive vice president and head of global accounts for Willis Re North America.
Assured Guaranty has best Q3 for new business since 2010
Assured Guaranty saw gross written premiums rise to $69 million in Q3 2019, up from $50 million in Q3 2018.
AM Best places Argo Re rating under review
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 appoints chairman for Bermuda
Ed, the global reinsurance, wholesale and specialty broker, has appointed John Turner as chairman of Ed Bermuda, a newly created role.
Lancashire Insurance names successor for retiring CEO
Hayley Johnston will become the new chief executive officer of Lancashire Insurance Company some time in the Spring of 2020.
JRG reports Q3 loss driven by unfavourable developments
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 reports net loss for Q3
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 sees gross written premiums up for first nine months
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.
Watson steps down at Argo
Mark Watson has retired from his role as chief executive officer of Argo Group International, effective immediately.
Apollo/Athene Dedicated Investment Program raises $3bn
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.
