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Aspen Insurance Holdings Limited has reported net income of $48.4 million and an operating income of $130 million for the six months ended June 30. That compares with net income of $87.4 million and an operating income of $66.7 million for the same p...

Arcadian Risk Capital Ltd, the Bermudian-based managing general agent, has appointed Chen Foley as chief claims officer. Mr Foley will be charged with managing all aspects of the Arcadian group claims function, ensuring consistent delivery of service...

Abina Kealy has been appointed chief financial officer at PartnerRe Ltd and will become a member of the organisation’s executive leadership team. Formerly PartnerRe’s chief accounting officer, she will assume executive responsibility for PartnerRe’s ...

BMS, the independent specialist re/insurance broker with an operation in Bermuda, has appointed Nick Gillett CEO of BMS International. He is anticipated to start in January 2023 as the business accelerates its global strategy and invests in further i...

Axis Capital Holdings Limited has promoted Dan Draper to the role of group chief underwriting officer. Mr Draper, who is based in London and had previously served as group head of underwriting, will report to president and CEO Albert Benchimol and jo...

Ocorian, the corporate and fiduciary services, fund administration and capital markets provider, has reported a significant increase in the number of captives it supports, with its Bermuda offices delivering particularly strong growth. Sherman Taylor...

AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of the single-parent captive of Inpex, the largest oil and gas exploration and production company in Japan. The outlook of...

Caribbean property/casualty insurers posted an 8 per cent increase in net income in 2021 to more than $70 million, highlighting carriers’ risk-management practices, but the region remains highly vulnerable to a number of risks, led by climate risk, a...

AM Best has revised the implications of the under review status to developing from negative for the financial strength rating of C- (Weak) and the long-term issuer credit rating of “cc” (Very Weak) of American Millennium Insurance Company of New Jers...

The credit ratings of two Bermudian-based companies have been placed under review with negative implications by AM Best. The ratings agency said it has placed under review with negative implications the financial strength ratings of A- (Excellent) an...