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Syncora Holdings, a Bermuda holding company whose subsidiaries primarily provide financial guarantee insurance and reinsurance, enjoyed solid growth in the first nine months of 2016 but its profits slipped primarily because of losses on credit default swaps and other swap contracts. 20 December 2016
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James River Group Holdings has appointed Sarah Doran as chief financial officer of the group’s holding companies, effective January 16, 2017. 20 December 2016
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XL Catlin, a subsidiary of Bermuda-based re/insurer XL Group, has expanded its partnership with S-RM, a specialist risk and business intelligence consultancy, in a deal that makes the latter’s kidnap response services available to XL Catlin’s kidnap & ransom policyholders worldwide. 19 December 2016
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Aspen Insurance Holdings, a Bermuda-based insurer, has appointed Richard Thornton to the newly created position of group chief operating officer. 16 December 2016
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Peter Holland has been appointed claims director of Bermuda-based Hamilton Underwriting, the managing agency of Syndicate 3334 and the Lloyd’s operations of Hamilton Insurance Group. 16 December 2016
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AM Best has revised the outlooks to positive from stable and affirmed the financial strength Rating of B++ (Good) and the long-term issuer credit Ratings (Long-Term ICR) of “bbb+” of Argus Insurance Company and Bermuda Life Insurance Company. Each company is a subsidiary of Argus Group Holdings. 16 December 2016
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Enstar Group (Enstar) has introduced KaylaRe, a Bermuda-based, Class 4 reinsurer, offering a diversified range of specialty reinsurance to the global insurance market. 16 December 2016
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Essent Guaranty, a Bermuda-based provider of mortgage insurance (MI) and PCLender, a provider of web-based mortgage solutions for community banks, credit unions and mortgage bankers, have revealed that Essent MI is available to lenders through PCLender’s Loan Origination System (LOS). 15 December 2016
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Axis Capital Holdings, a Bermuda-based provider of specialty re/insurance, is expected to re-domicile its London office to new skyscraper, ‘The Scalpel’, in 2018 alongside Lloyd’s of London at 52 Lime Street. 15 December 2016
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The Bermuda Business Development Agency (BDA) has appointed two new directors to its board. 15 December 2016
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