Enstar Group and some of its subsidiaries, have as borrowers and as guarantors entered into a five year unsecured revolving credit agreement with a group of lenders. 22 August 2018
In the wake of challenging renewals in 2018 James Keyes, chairman of the CATCo Reinsurance Opportunities Fund, is expecting further rate decreases in the January 2019 renewals. 21 August 2018
International General Insurance Holdings, which owns reinsurer IGI Bermuda, has reported a net profit of $11.0 million for the first six months of 2018, down from the $14.8 million it made in the same period of 2017. 20 August 2018
S&P Global Ratings has upgraded the financial strength ratings of Athene Holding operating companies to ‘A’ from ‘A-.’ S&P also upgraded the rating on Athene Holding to ‘BBB+’ from ‘BBB’ and added that the outlook of these credit ratings is stable. 20 August 2018
Assured Guaranty Europe (AGE), a subsidiary of Bermuda-based Assured Guaranty, has announced that it has guaranteed principal and interest payments on approximately £90 million of bonds issued by Mount Oswald Colleges. 17 August 2018
The Association of Bermuda Insurers & Reinsurers (ABIR) has announced that John Berger, chief executive officer (CEO) of Ascot Re, is to join the ABIR Board of Directors. 16 August 2018
