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PartnerRe, the Bermuda-based reinsurer, has appointed Bilge Ogut and Nikhil Srinivasan as non-executive directors to its board. 22 August 2016
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Fitch Ratings has affirmed an insurer financial strength (IFS) rating of A+ to the operating subsidiaries of AXIS Capital, although states several key rating triggers that could lead to a downgrade. 22 August 2016
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AM Best has affirmed the financial strength rating (FSR) of A+ (Superior) of Renaissance Reinsurance (RenRe) and Renaissance Reinsurance of Europe (Dublin, Ireland). The outlook for these ratings remains negative. 22 August 2016
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Scottish Re Group, which has its principal executive office in Bermuda, has reported an increase in its comprehensive income in the second quarter of 2016, while its net premiums earned continues to grow. 19 August 2016
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Aspen US Insurance, a Bermuda-based insurer, has opened a new office in Dallas, Texas, to offer products and services to regional customers and brokers. 19 August 2016
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The Association of Bermuda Insurers and Reinsurers (ABIR) has announced that its members provided a collective boost of $834.3 million to Bermuda’s economy in 2015. 18 August 2016
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Marsh Captive Solutions has appointed Shelby Weldon as team leader of a group of captive management professionals in the Bermuda office. 17 August 2016
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S&P Global Ratings (S&P) has highlighted possible execution risks in Arch Capital Group’s (ACGL) $3.4 billion acquisition of American International Group’s (AIG) mortgage insurer, United Guaranty Corporation (UGC). 17 August 2016
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The Bermuda International Long Term Insurers and Reinsurers (BILTIR) association has awarded its first scholarship to Bermudian Imani Smith at the Association of Bermuda International Companies (ABIC) Education Awards meeting. 17 August 2016
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Arch Capital Group is to broaden its mortgage insurance operations through the acquisition of two businesses from American International Group (AIG) for approximately $3.4 billion. 16 August 2016
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