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AM Best has placed the financial strength rating of Argo Re under review with negative implications, following the sudden departure of its CEO and the recent attention of the Securities and Exchange Commission (SEC). 8 November 2019
Life
Ed, the global reinsurance, wholesale and specialty broker, has appointed John Turner as chairman of Ed Bermuda, a newly created role. 7 November 2019
Life
Hayley Johnston will become the new chief executive officer of Lancashire Insurance Company some time in the Spring of 2020. 7 November 2019
News
James River Group (JRG) reported a net loss of $25.2 million for Q3, down on the net income of $19.6 million generated in Q3 2018. 7 November 2019
News
Argo Group reported a net loss of $25.1 million for Q3 2019, compared to net income of $40.6 million for Q3 2018. 7 November 2019
News
Lancashire Holdings increased its gross written premiums by 13.8 percent in the first nine months of 2019 compared to the same period in 2018, to $578.0 million, it said in its quarterly trading statement. 7 November 2019
Life
Mark Watson has retired from his role as chief executive officer of Argo Group International, effective immediately. 6 November 2019
News
The Apollo/Athene Dedicated Investment Program (ADIP), the investment fund managed by Apollo that will help fund Athene Co-Invest Reinsurance Affiliate (ACRA), raised $3 billion of capital commitments in the period through October 2019. 6 November 2019
News
Fidelis Insurance has taken an equity stake in new MGA, Perigon Product Recall. 6 November 2019
News
Third Point Re has reported a net loss of $15.1 million for Q3 2019. 6 November 2019
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