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Ben Ryan has joined Lockton Re, the global reinsurance business of the world’s largest privately held independent insurance broker, as a senior broker within the non-marine retrocession and property specialty team in London. Matt Foreman, Lockton Re’...

Strategic Risk Solutions has been named European Captive Manager of the Year. SRS received the award in Luxembourg from Captive Review, the monthly publication that focuses on the concerns and interests of the risk management and captive insurance co...

Ascot, the Bermudian-based specialty re/insurer, has appointed Jon Mosby as senior vice-president, head of Inland Marine. Mr Mosby will be responsible for managing Ascot’s US Inland Marine portfolio and advancing the market strategy for this business...

Bermudian-based Maiden Holdings Ltd has reported a net loss attributable to common shareholders of $8.2 million for the third quarter of the year. That compares to net income of $2.9 million in the third quarter of 2021. Non-GAAP operating loss was $...

AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of Bermuda captive Evergreen Insurance Company Limited, with a stable outlook. The ratings reflect EICL’s balance sheet stre...

AM Best has affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit rating of “aa-” (Superior) of XL Bermuda Ltd (Axa XL) and its subsidiaries. The outlook of these credit ratings is stable. The ratings reflect Axa XL’...

Everest Reinsurance, the reinsurance division of the Bermudian-based global re/insurer Everest Re Group Ltd, has announced that David Mann will join the company as vice-president, head of casualty for Everest Reinsurance (Bermuda) Ltd, UK branch, eff...

Apollo, the independent specialist insurer and reinsurer, has entered into a partnership with Envelop Risk, who will underwrite a new class of cyber reinsurance business within Apollo Syndicate 1971, with effect from the 2023 year of account. This ne...

Under fire Argo Group International Holdings Ltd, the Bermudian-based underwriter of specialty insurance products, has reported a net loss attributable to common shareholders of $51.4 million for the third quarter of the year. That compares to net in...

Bermudian-based holding company Assured Guaranty Ltd has reported net income of $11 million in the third quarter. That compares with net income of $17 million in the third quarter a year ago. This year’s third quarter result includes after-tax losses...