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In the wake of challenging renewals in 2018 James Keyes, chairman of the CATCo Reinsurance Opportunities Fund, is expecting further rate decreases in the January 2019 renewals. 21 August 2018
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International General Insurance Holdings, which owns reinsurer IGI Bermuda, has reported a net profit of $11.0 million for the first six months of 2018, down from the $14.8 million it made in the same period of 2017. 20 August 2018
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S&P Global Ratings has upgraded the financial strength ratings of Athene Holding operating companies to ‘A’ from ‘A-.’ S&P also upgraded the rating on Athene Holding to ‘BBB+’ from ‘BBB’ and added that the outlook of these credit ratings is stable. 20 August 2018
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Assured Guaranty Europe (AGE), a subsidiary of Bermuda-based Assured Guaranty, has announced that it has guaranteed principal and interest payments on approximately £90 million of bonds issued by Mount Oswald Colleges. 17 August 2018
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S&P Global Ratings has revised its outlook to positive from stable on Argo Group US and its subsidiaries. 17 August 2018
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The Association of Bermuda Insurers & Reinsurers (ABIR) has announced that John Berger, chief executive officer (CEO) of Ascot Re, is to join the ABIR Board of Directors. 16 August 2018
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Aspen Insurance Holdings has granted Scott Kirk, its group chief financial officer, with a $2 million retention award. 16 August 2018
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Insurance-linked securitisation (ILS) has transformed the market, especially in the property catastrophe space, as it brings third-party capital into the reinsurance sector according to a new report from S&P Global Ratings. 15 August 2018
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Everest Re Group has announced that Ike Barbatsoulis has been appointed as chief reinsurance claims officer for Everest’s reinsurance division. 15 August 2018
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XL Catlin’s North America Construction business has expanded its underwriting team with the addition of Jillian Eckert and Laura Travis in Philadelphia, in what the company described as a bid to address the construction industry’s excess casualty insurance needs. 14 August 2018
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