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American International Group’s (AIG) property/casualty and life/health subsidiaries’ financial strength ratings (FSR) and issuer credit ratings (ICR) have been affirmed by AM Best Co. Best has affirmed the ICR of “bbb” of AIG. The outlook for all rat...

Bermuda-based re/insurer Aspen Insurance Holdings Ltd yesterday has more than doubled its estimated losses from September’s earthquake in New Zealand. Based on new information Aspen said yesterday that the earthquake, which caused widespread damage o...

Ironshore Specialty Casualty, a unit of Bermuda-based Ironshore Inc, has boosted capacity for its public entity product and will increase available limits from $10 million to $25 million. The capacity may be deployed on a retained limit, excess or re...

XL Group plc has hired Fielding (Fid) Norton III from Bermuda-based rival Ironshore to enhance the firm's enterprise risk management. Mr Norton, who was chief risk officer at Ironshore from the company's inception in 2007, will be XL's deputy chief e...

Bermuda-based reinsurer Everest Re Group Ltd has announced that it has entered into discussions with Heartland Crop Insurance Inc about the potential acquisition of the Kansas-based company by Everest Reinsurance Holdings Inc, or one of its affiliate...

PartnerRe yesterday more than doubled its estimate of losses relating to the New Zealand earthquake to between $140 million and $160 million. The 7.4-magnitude quake rocked the South Island on September 3 this year and caused widespread damage in and...