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Sompo Japan Canopius Re assigned ratings by AM Best and S&P

AM Best has assigned a financial strength rating (FSR) of ‘A’ (Excellent) to Sompo Japan Canopius Reinsurance. 30 November 2015

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ArgoGlobal appoints class underwriter

ArgoGlobal, member of Bermuda-based Argo Group, has appointed Adam Zawia as class underwriter, accident and health. 30 November 2015

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Decisions on Solvency II equivalency need to be stepped up: ABI

Progress being made on deciding which countries are granted group equivalence under Solvency II is encouraging but needs to be stepped up, according to the Association of British Insurers (ABI). 27 November 2015

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Lloyd’s syndicates commit $400m to nat-cat risks

Eight Lloyd’s syndicates have committed $400 million towards solutions to address natural catastrophe risks in emerging and developing economies. 27 November 2015

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Approval of Bermuda’s equivalency under Solvency II celebrated

Insurance associations from the European Union, the UK and Bermuda have praised the European Commission’s action to find Bermuda and the Bermuda Monetary Authority (BMA) as fully equivalent for all regulatory purposes under the European Union’s Solvency II regulatory and supervisory system for insurers which takes effect on 1 Jan, 2016. 26 November 2015

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Hamilton hires two syndicate underwriters

Hamilton Underwriting, the managing agency of Lloyd’s Syndicate 3334 and the Lloyd’s operations of Bermuda-based Hamilton Insurance Group, has appointed two senior underwriters to lead the syndicate’s planned product diversification. 26 November 2015

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AM Best affirms ratings of Validus subsidiary

AM Best has affirmed the financial strength rating (FSR) of A (Excellent) and the issuer credit ratings (ICR) of “a+” of the pooled members of Western World Insurance. 26 November 2015

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JLT Re appoints partner in Bermuda

JLT Re has announced that Nick Duffin, is transferring from the firm’s London office to join JLT Bermuda as a partner. 25 November 2015

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Appleby appoints insurance head as Bermuda managing partner

Legal firm Appleby has appointed Tim Faries as Bermuda managing partner, taking over from Kiernan Bell who has completed her term of office. 25 November 2015

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ACE appoints head of trade credit

Insurer ACE, which has operations in Bermuda, has appointed Julian Hudson as head of trade credit, ACE global markets. 25 November 2015

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