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AM Best has affirmed the financial strength rating (FSR) of A (Excellent) for Aspen Bermuda Limited (ABL), Aspen Insurance UK Limited (AIUK), Aspen American Insurance Company (AAIC), and Aspen Specialty Insurance Company (ASIC). 15 November 2016
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Till Capital, a Bermuda-based insurer, has added Patricia Tilton and George Rohlinger to its board of directors as independent directors. 15 November 2016
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Bermuda’s insurers and reinsurers will be watching the situation in New Zealand with interest, after a big earthquake and series of aftershocks hit the county on the weekend. 14 November 2016
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Argo Group International Holdings, the specialty re/insurer, has acquired Ariel Re, a Bermuda-based underwriter of re/insurance business owned by Banco BTG Pactual and the Abu Dhabi Investment Council, for approximately $235 million cash. 14 November 2016
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Bermuda’s re/insurers are closely divided on the question of if the election of Donald Trump as President of the US will be good or bad for the Bermudian re/insurance industry, according to an exclusive poll by Bermuda:Re+ILS. 11 November 2016
ILS
The flow of so-called alternative capital into the global reinsurance market is continuing apace, bringing true so-called convergence whereby traditional providers will simply become conduits to the capital markets ever closer. 11 November 2016
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XL Catlin, a subsidiary of Bermuda-based XL Group, has expanded its global excess casualty business with the appointment of Barbara Luck as president of the team, promoted from her current role as chief underwriting officer of XL Catlin’s global risk management business. 10 November 2016
ILS
Markel CATCo Investment Management, a Bermuda-based company that offers a wide range of products for reinsurers, has appointed John Whiley as its chief compliance officer. 10 November 2016
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Enstar Group, a Bermuda-based insurer, has reported a substantial rise in its net earnings in the third quarter of 2016, predominantly due to the addition of its non-life run-off segment. 9 November 2016
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An online poll of re/insurance executives, including respondents from Bermuda, has shown that a clear majority of them have serious concerns about the election of Donald Trump as President of the USA. 9 November 2016
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