News relating to the Bermuda and international insurance and reinsurance industry.
Two employees of the Bermuda Monetary Authority (BMA) have been appointed to International Association of Insurance Supervisors (IAIS) committee leadership positions.
AXIS Insurance has hired four senior underwriters within its US excess and surplus property team.
Everest Insurance has released a new product called the Everest Elevation Architects and Engineers Professional Liability Policy, which provides design professionals with professional, pollution and cyber liability coverage.
AM Best has assigned a long term issue credit rating of “bbb” to the $400 million, 4.25 percent fixed rate senior unsecured notes due 2030, issued by Ascot Group (Bermuda) on December 15, 2020.
Athene Holding, the retirement services company, has entered a pension buyout agreement with GE.
The Bermuda Monetary Authority (BMA) registered seven new insurance entities in November.
The Securities and Exchange Commission (SEC) has ordered Mark Watson III, the former president and chief executive of Argo Group International Holdings, to pay a civil penalty of $450,000.
Hiscox has appointed Tom Shewry as chief financial officer for its UK business and Hiscox Insurance Company.
Argo Environmental, a member of Argo Group International Holdings, has made a number of underwriting hires to bolster its US environmental business.
Brit has sponsored its debut 144A catastrophe bond issuance, Sussex Capital UK PCC (Series 2020-1).