News relating to the Bermuda and international insurance and reinsurance industry.
Sirius Bermuda Insurance Company’s financial strength rating has been downgraded by AM Best, to A- (Excellent) from A (Excellent).
Raymond Tan, chair of the finance committee at Sirius International Insurance Group, has resigned from the board of directors.
Sompo Global Risk Solutions (GRS) is partnering with Fisher Harris Shapiro (FHS), an independent risk management and insurance consulting firm, to offer specialised protection against covered property perils to US commercial real estate and financial institutions.
Aspen Insurance Holdings has entered into an adverse development cover reinsurance agreement with a wholly owned subsidiary of Enstar Group.
Xceedance, the Bermuda-based provider of insurance consulting and technology services, has unveiled its life insurance and reinsurance practice.
Chubb has named Bill Hazelton as head of Chubb North America claims and Megan Watt as head of North America complex claims, the latter of which is a newly created leadership role.
International General Insurance Holdings (IGI) will offer Career Excel to every female employee across its five offices in an effort to help them advance their careers.
Sanjoy Mukherjee, the managing director and chief executive officer at Everest Reinsurance Bermuda, will leave his Bermuda role on April 1, to focus on his responsibilities as general counsel and corporate secretary of Everest Re Group.
PartnerRe overcame a challenging Q4, and the memory of a difficult year in 2018, to record solid profits for the year in 2019.
Hiscox saw profits slump in its provisional results for 2019, with a third consecutive year of above average natural catastrophes taking its toll on the business. However, the re/insurer avoided making a loss.