News relating to the Bermuda and international insurance and reinsurance industry.
AM Best affirms ASR Re’s financial strength rating
Its parent is a new entrant in the African corporate specialty reinsurance market.
DARAG seals ‘beyond expectations’ captive book acquisition
The transaction has been written into DARAG Bermuda.
KBRA downgrades UPCIC’s financial strength rating
The move follows United Insurance Holdings’ decision to place the company into runoff.
Report highlights man-made crises in property insurance
Legal system abuse, claims fraud, and regulatory interference are the root causes of most market instability.
AM Best sees positive outlook for US-Bermuda re/insurers
Inflation concerns may temper cautiously optimistic projections.
Compre continues to build MedMal specialism
It’s all set to acquire the French medical malpractice portfolio from a European based insurer.
Everest appoints head of aviation
Appointee joins from Global Aerospace Underwriting Managers.
Canopius appoints head of catastrophe research
Appointee has worked for the UK’s Met Office and the Bermuda Weather Service.
AXA Climate adopts HWind analytics from RMS
This will serve as a trigger metric for AXA’s US parametric insurance.
White Mountains launches self-tender offer
It is offering to purchase up to $500 million in value of its common shares.
