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In the latest round of allegations from Voce Capital against Argo Group over company expenses, the activist investor has taken aim at the Bermuda re/insurer's corporate-owned properties and the supposed mis-use of corporate aircraft by CEO Mark Watson III. 26 April 2019
News
Uncertainty brought on by the deepening debt and liquidity crisis at China Minsheng Investment Group (CMIG) has resulted in Sirius International Group being placed on rating watch negative by Fitch Ratings. 25 April 2019
News
Argo Seguros, the Brazilian re/insurance underwriter and member of Bermuda-based Argo Group, has appointed Newton Queiroz as CEO. 25 April 2019
News
An increase of $30 million in the loss estimates relating to Japanese typhoons Jebi and Trami impacted AXIS Capital first quarter results, however the Bermuda reinsurer’s underwriting results improved across most of its line of business. 25 April 2019
ILS
Bermuda-based insurance and ILS manager Horseshoe Group has appointed Fred LeMoine as its new head of insurance management, to succeed Nigel Godfrey, the group’s chief financial officer (CFO) and executive vice president of insurance management services. 25 April 2019
News
Hurricanes that come ashore and then stall, dumping huge amounts of water in one place, are an increasing source of concern for re/insurers. Bermuda:Re+ILS assesses TigerRisk’s new white paper on this subject. 24 April 2019
News
61 percent of firms across the US, the UK, Germany, Belgium, France, Spain and the Netherlands have experienced a cyber attack in the past year, up from 45 percent in 2018, a report from Bermuda-headquartered specialist insurer Hiscox has shown. 24 April 2019
News
Bermuda specialty re/insurer Argo Group has appointed Tony Cicio as chief human resources officer. 24 April 2019
ILS
Total dedicated capital for reinsurance had dropped to $462 billion at year-end, representing a 5 percent drop overall, although this was partially offset by growth in the alternative capital space, according to Willis Re’s Reinsurance Market Report. 23 April 2019
News
Ratings agency AM Best has affirmed the financial strength rating of A- (Excellent) of Palomar Re, the Bermuda-based specialty reinsurer, following its parent Palomar Holdings filing an initial public offering (IPO) on April 17 on the Nasdaq Global Select Market. 23 April 2019
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