News relating to the Bermuda and international insurance and reinsurance industry.
Nissan has enjoyed ‘consistent growth in surplus’.
The aim is net-zero underwriting by 2050.
Appointee is a former Swiss Re underwriting executive.
Appointee is a former ‘transformational leader’ at ACE INA Insurance.
This includes a gain from repurchase of preference shares.
The insurance product covers AI-enabled vehicles.
Appointee has expertise in capital markets and reinsurance convergence.
Russia-Ukraine war creates a loss of $15m-30m.
The sale price is reportedly about $613 million.
The rating outlook has been revised from positive to stable.