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AM Best attributed the downgrade to higher medical costs and increased utilisation

The US has had only 16 major storms that made landfall in 25 years, none of which hit a major metro area

The credit ratings agency says the firm is expected to maintain strong margins as the company continues to scale

There were 14 special purpose insurers registered with the Bermuda Monetary Authority in the first half of the year

Navaeh Barclay and Cheron Hunt are this year’s recipients

Retiring Lancashire Syndicates CEO John Spence will be succeeded by Rachel Sabbarton

Carrick intends to assume the covered business of National Casualty Company of America Limited and several other firms

The senior associate specialises in corporate and commercial law

The firm’s chairman and chief executive Peter Zaffino called Q2 outstanding

In its latest interim report, pre-tax income was down $6.9 million compared to the same period last year