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Ascot Group has created Ascot Insurance US and also announced the appointment of Greg Wolyniec as its president and chief executive officer (CEO), based in New York City. 10 October 2018
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Sompo International Holdings has created a new casualty facultative reinsurance operation, led by Dave Adams. 10 October 2018
News
Fitch Ratings has affirmed the 'A+' (Strong) insurer financial strength (IFS) ratings of the operating subsidiaries of AXIS Capital Holdings and AXIS Capital's 'A-' issuer default rating (IDR) but has kept the rating outlook as negative. 10 October 2018
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Sompo International Holdings has established a new business unit to extend environmental liability insurance capabilities to a wider range of industries in the US market. 9 October 2018
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Argo Group subsidiary ArgoGlobal has appointed Michael Scala as chief underwriting officer, Asia Pacific. 9 October 2018
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Lancashire Holdings has revealed that it has had exposure to approximately $30 million in loss events within its marine portfolio. 8 October 2018
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AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” of Bermuda-based Transmonde Services Insurance Company. The outlook of these ratings remains stable. 8 October 2018
ILS
The re/insurance market faces a number of key challenges in the near future, including the question of if they want to be the Blockbuster of the market or the Netflix, according to Anthony Rettino founding principal & portfolio manager at Elementum Advisors. 4 October 2018
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The internet of things is a game changer for the insurance industry, according to Ben Rose, lead consultant & engagement leader at Aon Inpoint. 4 October 2018
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It’s vitally important for the future of Bermuda that businesses work with the Government and the regulators to keep the Island at the forefront of the industry, according to Bermuda’s Premier David Burt at the 2018 ILS Convergence conference. 3 October 2018
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