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Chelsea Avondale, a company formed on Bermuda this year by a high-net-worth investor base to acquire of community-based property/casualty insurers and principally invest the assets, has completed one of its first deals. 5 December 2016
News
Till Capital (Till), a Bermuda-based company that owns Omega Insurance Holdings and Resource Re, has initiated a new normal course issuer bid (NCIB) and intends to bid for up to 262,860 common shares, representing 10 percent of the 2,628,600 shares forming Till's public float. 2 December 2016
ILS
Specialist global insurer Hiscox has hired Michael Krefta as CEO of Bermuda-based reinsurer Hiscox Re and ILS and Hiscox Bermuda, replacing Jeremy Pinchin, effective August 1, 2017. 2 December 2016
News
Re/insurers remain the biggest investors in overseas portfolio holdings, according to the latest figures provided by the Coordinated Portfolio Investment Survey (CPIS), which is conducted annually by the Bermuda Monetary Authority (BMA). 1 December 2016
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Endurance Specialty Holdings has appointed three vice presidents (VP) to lead its excess and surplus (E&S) transportation team. 1 December 2016
News
Fitch Ratings has assigned an 'A-' rating to Arch Capital Finance’s issuance of $500 million 4.011 percent senior notes due 2026 and $450 million 5.031 percent senior notes due 2046 and placed the ratings on Negative Watch. 30 November 2016
News
Assured Guaranty Municipal (AGM), an indirect subsidiary of Assured Guaranty (AGL), today announced that the New York State Department of Financial Services has approved its request to implement a stock redemption plan. 30 November 2016
News
Arch Capital Group (Arch Capital) has confirmed the pricing of an offering of $500 million aggregate principal amount of 4.011 percent senior notes that are due in 2026 and $450 million aggregate principal amount of 5.031 percent senior notes due in 2046 of its wholly owned subsidiary Arch Capital Finance. 30 November 2016
News
AXIS Capital is expanding its aviation business with the purchase of aviation re/insurer Aviabel. 29 November 2016
News
The OIL Group of Companies has named Matthew Pifer as general counsel, effective December 1, succeeding Theodore Henke who will be retiring at the end of the year. 29 November 2016
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