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A pair of bond insurance subsidiaries of Bermuda-based Assured Guaranty have filed an adversary complaint that claims that appointments to the Financial Oversight and Management Board for Puerto Rico are unconstitutional. 24 July 2018
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Sompo International Holdings has announced that AM Best has raised the financial strength ratings of two of its operating subsidiaries, Lexon Insurance Company and Bond Safeguard Insurance Company, from B++ to A+. 24 July 2018
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Rating agency S&P Global has reaffirmed the financial strength rating of A- of International General Insurance (IGI), the global specialist commercial insurer and reinsurer that operates on Bermuda. 23 July 2018
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Lancashire Holdings has announced the appointment of Sally Williams as a non-executive director, starting in early 2019 on a date to be confirmed. 23 July 2018
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Argo Group International Holdings has announced that Manuel Moreno has been appointed to the new position of chief underwriting officer of Latin America, effective immediately. 23 July 2018
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Bermuda-based the Argus Group has announced that it made a net loss of $18.6 million over 2017, as it operated against a backdrop of market uncertainty caused by global change and a low growth Bermuda economy. 23 July 2018
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Bermuda-based insurance asset manager Pillar Capital Holdings, which is focused on collateralised reinsurance and catastrophe insurance-linked securities, has appointed Jeff Franklin as chief underwriting officer (CUO), effective immediately. 20 July 2018
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AXIS Insurance has announced the appointment of Brad Randell as head of Canada insurance, and chief agent, Canada. 20 July 2018
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Everest Re Group has announced that for the second quarter of 2018 it expects to report a charge for net reserve adjustments of approximately $250 million, after tax. 20 July 2018
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Sussex Capital, the Bermuda-based subsidiary of Brit, has appointed Richard Slater as underwriting director and Adam Champion as senior vice president, portfolio manager and operations. Both appointments are subject to approval from the Bermuda Department of Immigration. 19 July 2018
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