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Facing low interest rates, some companies are ceding business directly to Bermudian reinsurers

Predecessor Frank Majors says the time is right to take a step back

The purchase will add $4.6 billion in gross written premium to Sompo’s profits

The credit ratings agency assesses reinsurer’s balance-sheet strength as strong

The executive joins from MetLife and brings more than two decades of experience in financial services

In the first half of this year alone, issuance reaches a record-setting $16.8 billion

The combination generates a $73.6 million bargain purchase gain, which was booked as income

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

The pace of new companies this year is already ahead of last year’s monthly averages, according to the BMA

The appointee, retired from KPMG, was the first woman to lead a Big Four firm’s global insurance practice