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AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” of Hamilton-based Associated Electric & Gas Insurance Services (AEGIS). 17 September 2018
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Fidelis Insurance Holdings is restructuring its business to deliver what it describes as enhanced focus and execution, and has also announced the departure of Ben Savill, the chief executive officer (CEO) of Fidelis Insurance Bermuda. 14 September 2018
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Validus Specialty Underwriting Services has announced the launch of its crisis management insurance solutions. 14 September 2018
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AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit ratings of “a-” of Bermuda-based RVI Guaranty and its subsidiary, RVI, America Insurance Company. 14 September 2018
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The Association of Bermuda International Companies (ABIC) is encouraging its members to champion the issue of diversity. Here, Patrick Tannock, ABIC chairman and CEO, Insurance at XL Bermuda, and Kirsten Beasley, ABIC D&I committee chairperson and head of Healthcare Broking, North America, Willis Towers Watson, offer their views on why this is important—and their own experiences of prejudice. 13 September 2018
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AXA announced that it has completed the acquisition of XL Group following the fulfilment of customary closing conditions, including approval by XL Group shareholders and all necessary regulatory approvals. 13 September 2018
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Everest Insurance has expanded its Everest Specialty Underwriters (ESU) financial lines group with the addition of three new cyber liability team members. This team, led by vice president and cyber practice leader Kevin Sherry, is focused on providing cyber liability coverage and solutions to firms across all industries. 13 September 2018
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Runoff specialist Premia Holdings has acquired international claims, audit and risk management advisory firm Alan Gray. 13 September 2018
ILS
The Bermuda Stock Exchange (BSX) continues to develop its core mission, which is to create and maintain a capital markets stock exchange platform for the benefit of Bermuda, according to Greg Wojciechowski, chief executive of the BSX. 12 September 2018
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Excess and Surplus lines carrier Colony Specialty, a subsidiary of Argo Group International Holdings, has appointed Jeff Canfield to serve as head of casualty. 12 September 2018
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