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Trading in the shares of Fosun International, the Chinese conglomerate which owns a number of insurance operations, including Bermuda-based Ironshore, re-commenced today (December 14) at the request of the company. 14 December 2015
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AM Best has affirmed the financial strength rating (FSR) of A (Excellent) and the issuer credit ratings (ICR) of “a+” of Hiscox Bermuda, Hiscox Insurance Company (Hisco) (United Kingdom), Hiscox Guernsey and Hiscox Insurance Company (HICI) (Chicago, Illinois, USA). 11 December 2015
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Trading in the shares of the parent of Bermuda insurer Ironshore have been suspended after its chairman Guo Guangchang was reported missing. 11 December 2015
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Insurer ACE, which has operations in Bermuda, has announced the future leadership team it intends to appoint for the company’s North America and international risk engineering practices. 10 December 2015
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The Honourable Everard Bob Richards, MP, deputy premier and minister of finance, and Jeremy Cox, the chief executive officer (CEO) of the Bermuda Monetary Authority (BMA), have announced the formation of the Financial Policy Council. 10 December 2015
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Financial holding company Markel has completed its acquisition of Bermuda-based firm CATCo Investment Management. 9 December 2015
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Insurer Hiscox has appointed Adam Holberry as head of alternative distribution. 9 December 2015
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Bermuda-based re/insurer AXIS Capital Holdings has announced that the company’s board of directors has authorised the repurchase of up to $750 million (£499 million) of the firm’s common shares. 8 December 2015
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Insurance broker Ironshore International has announced an expansion strategy to establish a locally-driven presence in selected Continental European markets. 8 December 2015
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Insurance firm ACE has announced the future accident and health (A&H) insurance leadership team it will appoint for the company’s overseas general insurance division. 7 December 2015
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