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Argo Group International Holdings has had a strong start to 2019, increasing its first quarter profits 270.4 percent year-on-year, at a time where the Bermuda-based specialty re/insurer in an ongoing dispute with activist shareholder Voce Capital Management. 30 April 2019
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Former Catlin executives Stephen Catlin and Paul Brand have revealed a new international specialty re/insurer operating in Bermuda and London, Convex Group. 30 April 2019
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The financial strength ratings of Sirius International Insurance Group (SIIG) and its main rated subsidiaries are unaffected from the debt and liquidity difficulties of its approximate 80 percent shareholder China Minsheng Investment Group (CMIG), AM Best has stated. 29 April 2019
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Bermuda finance minister Curtis Dickinson has lead a delegation of government, regulatory and industry personnel to the Risk and Insurance Management Society (RIMS) annual conference this week. 29 April 2019
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Bermuda-headquartered re/insurer Qatar Re has appointed acting CEO Michael van der Straaten as its permanent CEO, and Pantelis Koulovasilopoulos as chief underwriter officer - long tail and specialty classes. 26 April 2019
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In the latest round of allegations from Voce Capital against Argo Group over company expenses, the activist investor has taken aim at the Bermuda re/insurer's corporate-owned properties and the supposed mis-use of corporate aircraft by CEO Mark Watson III. 26 April 2019
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Uncertainty brought on by the deepening debt and liquidity crisis at China Minsheng Investment Group (CMIG) has resulted in Sirius International Group being placed on rating watch negative by Fitch Ratings. 25 April 2019
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Argo Seguros, the Brazilian re/insurance underwriter and member of Bermuda-based Argo Group, has appointed Newton Queiroz as CEO. 25 April 2019
News
An increase of $30 million in the loss estimates relating to Japanese typhoons Jebi and Trami impacted AXIS Capital first quarter results, however the Bermuda reinsurer’s underwriting results improved across most of its line of business. 25 April 2019
ILS
Bermuda-based insurance and ILS manager Horseshoe Group has appointed Fred LeMoine as its new head of insurance management, to succeed Nigel Godfrey, the group’s chief financial officer (CFO) and executive vice president of insurance management services. 25 April 2019
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