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The Bermuda Stock Exchange (BSX) has announced its support for Bermuda’s new ‘Just Good Business’ campaign. 13 February 2018
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The recent US tax cuts, officially known as the Tax Cuts and Jobs Act of 2017, will have an impact on those re/insurers that are based on Bermuda, according to an exclusive survey of readers of Bermuda:Re+ILS. 12 February 2018
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Fitch Ratings has claimed that the combination of continued competitive pressures, the effects of US tax reform and catastrophe losses in 2017 is leading to increased talk of more M&A among (re)insurers in 2018, especially in the Bermuda market. 12 February 2018
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Argo Group’s London-based subsidiary and Lloyd’s insurer ArgoGlobal has created what it claims is the first Lloyd’s Market consortium for motor treaty business. 12 February 2018
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Sirius International Insurance Group has entered into a three-year, $300 million senior unsecured revolving credit facility via its indirectly wholly-owned subsidiary Sirius International Group. 12 February 2018
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AIG has created a Bermuda-domiciled legal entity named DSA Reinsurance Company (DSA Re) which will act as AIG’s main run-off reinsurer. 9 February 2018
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AM Best has assigned a financial strength rating (FSR) of A- (Excellent) to Palomar Specialty Reinsurance Company Bermuda, along with a stable outlook. 9 February 2018
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Hiscox has made two senior appointments as it evolves its management structure to build on what it described as growth momentum in its retail businesses. 9 February 2018
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Sompo International has reached an agreement to purchase Italian agriculture insurance company A&A for an undisclosed sum. 9 February 2018
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Aspen has reported a net loss after tax of $184.9 million and an operating loss after tax of $178.1 million for the fourth quarter of 2017. 8 February 2018
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