AM Best has assigned a long term issue credit rating of “bbb” to the $400 million, 4.25 percent fixed rate senior unsecured notes due 2030, issued by Ascot Group (Bermuda) on December 15, 2020. 16 December 2020
The Securities and Exchange Commission (SEC) has ordered Mark Watson III, the former president and chief executive of Argo Group International Holdings, to pay a civil penalty of $450,000. 15 December 2020
Argo Environmental, a member of Argo Group International Holdings, has made a number of underwriting hires to bolster its US environmental business. 15 December 2020
The Bermuda Tourism Authority (BTA) and the Government of Bermuda have teamed up with US wholesale chain Costco to provide gold-standard COVID-19 testing. 14 December 2020
MS Amlin Underwriting, the Lloyd’s re/insurer, has appointed Margot Cronin to its board as a notified independent non-executive director, effective from January 1, 2021. 14 December 2020
BMS Group, the independent specialist re/insurance broker, has appointed David Overton as a director in its Latin America and Caribbean financial lines division. 14 December 2020
