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AM Best has said it believes Solvency II equivalence in Bermuda, expected to come in force on January 1, 2016, will be a positive development for the market profile of Bermuda-domiciled entities, which is an important element of AM Best’s rating criteria. 23 December 2015
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Ironshore, the Bermuda-based insurer has appointed Anthony DeSantis as chief executive officer (CEO) of Wright & Co, a wholly-owned subsidiary in its US holdings group. 22 December 2015
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Insurance provider ACE has announced the leadership team it intends to appoint for the Boston region of the company’s North America field organisation. The appointments will be effective upon the acquisition of Chubb by ACE, which is expected in the first quarter of 2016. 22 December 2015
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Insurer ACE Group has launched a directors & officers (D&O) insurance cover for charities and not-for-profit organisations based in the UK & Ireland. 21 December 2015
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PartnerRe Europe, the subsidiary of Bermuda-based reinsurer PartnerRe, has been granted a license from the Dubai Financial Services Authority to operate as an authorised firm in the Dubai International Financial Centre (DIFC), effective December 16, 2015. 21 December 2015
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Randall & Quilter (R&Q), the Bermuda-based insurance services and investment company, has completed its first transaction in Vermont. 18 December 2015
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Bermuda-based run-off specialist Catalina has completed its acquisition of Allianz Suisse Re, a subsidiary of Allianz. 18 December 2015
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Broker Willis has made two additions to its Bermuda operations within its captive and casualty divisions. 17 December 2015
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Arch Insurance Europe, a member of Bermuda-based Arch Capital Group, has appointed Paul Dilley as senior vice president (SVP) and head of property underwriting. 17 December 2015
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Axis Re, the subsidiary of re/insurer Axis Capital has been granted a license by the Dubai Financial Services Authority (DFSA) to open a representative office in the Dubai International Financial Centre. 16 December 2015
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