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Bermuda’s re/insurance companies collectively enjoyed substantial growth in the first quarter of the year – but the gains were driven by acquisitions made by a small number of companies in the past 18 months, according to a report from S&P Global Ratings. 24 May 2016
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The Board of Directors of Endurance Specialty Holdings has declared a quarterly dividend of $0.38 per ordinary share, $0.39583 per share payable on its 7.50 percent non-cumulative preferred shares, Series B (the Series B Preferred Shares) and $396.875 per share payable on its 6.35 percent non-cumulative preferred shares, Series C (the Series C Preferred Shares). 24 May 2016
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World Bank Group has created the first-ever insurance market for pandemic risk by launching a new global financing mechanism, the Pandemic Emergency Facility (PEF). 23 May 2016
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AM Best has revised the outlook to positive from stable and affirmed the financial strength rating (FSR) of A- (Excellent) of the members of Athene Group. 23 May 2016
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Arch Insurance Company (Europe) has promoted Matthew Shulman to president and chief executive officer (CEO), effective 1 July 2016. 20 May 2016
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Insurer StarStone has hired Robin Barham, a former Lloyd’s executive, to lead its new underwriting capability in Australia. 20 May 2016
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Aspen Insurance Holdings (Aspen) has new leaders for its insurance and reinsurance segments. 18 May 2016
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Sean McGovern, chief risk officer (CRO) and general counsel, at Lloyd’s is leaving the corporation after twenty years of service, to take up the position of chief compliance officer and head of regulatory and government affairs at XL Catlin. 18 May 2016
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Fitch Ratings has affirmed the ratings of XLIT, a Cayman Islands subsidiary of XL Group, and its property/casualty re/insurance subsidiaries. 18 May 2016
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Driverless cars could have significant credit implications across a wide range of companies and sectors as the technology becomes more advanced and widespread in the coming years, said Moody's Investors Service in a new report. 18 May 2016
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