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AM Best has revised Somerset Reinsurance’s outlooks to positive from stable and affirmed its financial strength rating of A- (excellent). 3 March 2021
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Aon has partnered with Nayms, an insurtech platform that operates as part of the Bermuda Monetary Authority’s regulatory sandbox to help clients insure cryptocurrency risk, to launch the first blockchain-enabled placement of insurance with regulated, professional insurance entities. 3 March 2021
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Vault Holdings, a provider of personal insurance for successful individuals and families that was recently acquired by Hudson Structured Capital Management (HSCM) and Cornell Capital, has surpassed $100 million in written premium in only its third year of operations. 2 March 2021
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Enstar reported net profit of $1.7 billion for the full year 2020, a significant increase on the $902.2 million earned in 2019. 2 March 2021
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Watford Holdings will pay a quarterly dividend on its 8½ percent cumulative redeemable preference shares on March 31, 2021. 2 March 2021
Life
AXIS Insurance, has appointed Paul Fillbrook as a senior underwriter for international accident and health (A&H). 2 March 2021
Life
Acrisure Re, the reinsurance and advisory broking firm formerly known as Beach and Associated, which has operations in Bermuda, North America and Europe, has appointed Ben Canagaretna as managing director of the London corporate advisory and solutions business. 2 March 2021
Life
Lockton Re, the global reinsurance business of the privately held independent insurance broker, has appointed Thomas Parcell as chief broking officer for its new Bermuda platform. 2 March 2021
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Aeolus Capital Management has appointed Peter Dailey as head of research at Aeolus Services Corp, its US subsidiary. 1 March 2021
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AM Best has downgraded Bermuda-based Citadel Reinsurance Company’s financial strength rating (FSR) to B (fair) from B++ (good), following problems affecting its subsidiary, American Millennium Insurance Company (AMIC). 1 March 2021
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