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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
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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
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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
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AXIS Capital is expanding its aviation business with the purchase of aviation re/insurer Aviabel. 29 November 2016
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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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The Bermuda Monetary Authority (BMA) has released its first report on the resilience of Bermuda’s reinsurance industry to major, but improbable, catastrophic events. 28 November 2016
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Until Hurricane Matthew, the 2016 North Atlantic hurricane season had been fairly quiet—as it has in recent years. Was this just the quiet before the storm—or the sign of a bigger picture? Bermuda:Re+ILS reports. 28 November 2016
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There is a lot of excitement about the future of self-driving technology and autonomous vehicles. Aon explains the likely implications for the insurance sector, including a reduction in personal motor premiums. 28 November 2016
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In an industry that is stagnating, Bermuda’s re/insurers have been quick to embrace the potential growth in cyber risk—but they are also wary, as Bermuda:Re+ILS finds out. 28 November 2016
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The re/insurance industry has been worrying about cyber threats for some time. Despite the complexities, it seems that cyber is offering an opportunity for a section of the Bermuda industry. Bermuda:Re+ILS reports. 28 November 2016
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