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Adverse reserve development, primarily from older transactions in Lloyd’s, has big negative impact

The appointee will lead Aspen’s global cyber underwriting team, overseeing its underwriting strategy and risk management capabilities

AM Best said the company’s balance sheet is strong, it has a neutral business profile and a very strong enterprise risk management

Inflation, recession risks and the stability and health of financial institutions are their major concerns

Collateralised reinsurer is launched by Bermudian-based Axis Capital Holdings and Stone Point Credit Adviser

The technology automates and streamlines the company’s data consolidation, investment accounting, trade reconciliation and reporting processes

Regulatory body to consider insurance industry feedback before penning a consultation document

Patricia Walsh will serve on the executive leadership team at AIG in New York

Former PartnerRe president and CEO succeeds John Hastings-Bass, who will remain as chairman of BMS British and international operations

Affirmed ratings reflect consolidated balance sheet strength, adequate operating performance, neutral business profile and appropriate enterprise risk management