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AM Best has assigned a financial strength rating of A (excellent) to Nectaris Re, an operating subsidiary of Nectaris Holdings, both of which are domiciled in Bermuda. The rating has a stable outlook. 14 May 2021
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The re/insurance industry must step up and play an important role in helping the global economy recover as it emerges from the shadow of the COVID-19 pandemic, according to Marc Grandisson, chief executive officer (CEO) of Arch Capital Group. 14 May 2021
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Monument Assurance Luxembourg, a subsidiary of Bermuda-based Monument Re, is poised to acquire AME Life Luxembourg (AMELL) from Covéa, the French mutual insurance group. 13 May 2021
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The Bermuda Stock Exchange (BSX) has joined the United Nations (UN) Sustainable Stock Exchanges (SSE) initiative as a partner exchange. 13 May 2021
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The Bermuda Monetary Authority (BMA) confirmed five new re/insurance entity registrations in April. 13 May 2021
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Conduit Holdings has hailed a successful first quarter of trading, insisting it has enjoyed strong broker and client support, with its legacy free balance sheet positioning it well to take advantage of the attractive conditions currently seen in the market. 13 May 2021
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Ascot will provide up to $15 million in underwriting capacity to Tierra Underwriting, to provide credit insurance in support of green project finance transactions. 12 May 2021
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The US saw the lowest number of tornadoes in April since 1992, but faces a multi-billion-dollar damage bill following extensive hail impacting highly populated areas of Texas and Oklahoma. 12 May 2021
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ArgoGlobal, the Lloyd’s insurer and member of Argo Group, has partnered with Tierra Underwriting, the managing general agent (MGA) that provides long-term credit insurance to support green project finance transactions. 12 May 2021
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MS Amlin has appointed Louis De Segonzac as chief underwriting officer (CUO) for the Americas. 12 May 2021
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