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

Israeli firm claims creditors have demanded an immediate winddown and employee termination plan despite the country’s war with Hamas

Bermudian-based mortgage (re)insurer reports profit of $178 million

Gross premiums written in the quarter increased by $198 million, or 12 per cent, to $1.9 billion

The recent result is a dramatic turnaround from the Q3 2022 loss of $825 million

He will have will have global responsibility for Strategic Risk Solutions’ sales and marketing activities

Appointee was previously lead actuary at Nayms, the island-based crypto native reinsurance marketplace

The deal includes Validus Reinsurance Ltd and its consolidated subsidiaries, AlphaCat Managers Ltd, and all renewal rights to the Assumed Reinsurance Treaty Unit of Talbot

The company said it intends to use net proceeds from the offering to make capital contributions to its insurance and reinsurance operating subsidiaries

The result for the Bermudian-based (re)insurer is a staggering increase year-over-year