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AM Best Places Credit Ratings of Ocean International Reinsurance Company Limited Under Review With Developing Implications: AM Best has placed under review with developing implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of ...
Date: February 28, 2020    
Third Point Re CEO Sees Little Threat From Coronavirus, Casualty Loss Cost Trends: Third Point Reinsurance Ltd. doesn’t expect much of an underwriting impact from the coronavirus and is in a good position to deal with rising loss costs ...
Date: February 28, 2020    
Munich Re CEO of Reinsurance: Event Cancellations, Including From COVID-19, Could Exceed €500 Million: Munich Re’s primary insurance segment is close to completing a strategy plan as the reinsurance segment strengthens growth initiatives in an improving market, ...
Date: February 28, 2020    
Scor Posts 31% Jump in Fourth-Quarter Net Despite Cat Losses in Japan, Bahamas: Despite losses driven by a high level of natural catastrophes, Scor said it closed 2019 with a strong fourth quarter, exceeding the profitability targets of ...
Date: February 27, 2020    
Axa Liabilities Managers Gets German Approval to Acquire Legacy Reinsurance Portfolio: Axa Liabilities Managers said it won approval from German regulator BaFin to acquire a legacy assumed treaty reinsurance portfolio from Axa Versicherung ...
Date: February 27, 2020    
Best’s Commentary: South Korea Regulation Change Brings Solvency Solution to Primary Insurers, Opportunities to Reinsurers: A regulatory change in South Korea permitting co-insurance to be used as a type of reinsurance arrangement may unlock opportunities and alternative capital ...
Date: February 26, 2020    
FEMA Adds $400 Million Cat Bond, Acquires $2.53 Billion Total Coverage for 2020 Season: The Federal Emergency Management Agency has secured a third capital markets catastrophe bond to provide additional reinsurance for the National Flood Insurance ...
Date: February 25, 2020    
Argo CEO: Group Maintains US-Centered Strategy, Will Consider Entering New Markets: As it continues to review its strategy, Argo Group International Holdings Ltd. will remain a U.S.-focused specialty underwriter with an eye on entering new ...
Date: February 25, 2020    
Arch Capital Acquires 29.5% Stake in Trade Credit Insurer Coface for US$520.5 Million: Arch Capital Group Ltd. said it entered into a share purchase agreement with Paris-based banking group Natixis to acquire a 29.5% stake in Coface SA, a ...
Date: February 25, 2020    
Argo Posts Widened Fourth-Quarter Loss on Reserve Development: Hurt by unfavorable reserve development, Argo Group International Holdings Ltd. posted a fourth-quarter net loss of $103.3 million, widened from a net loss of ...
Date: February 24, 2020    
Third Point Advocates Separation of Prudential plc’s Asia and US Arms: Third Point LLC, an investment firm that manages Third Point Reinsurance Ltd. and owns about 5% of U.K.-based life insurer Prudential plc, said it wants ...
Date: February 24, 2020    
Appleby Partner: More Collateralized Reinsurers in the Pipeline: More companies are expected to take advantage of Bermuda’s new collateralized reinsurance regulation, said Brad Adderley, partner with Appleby Bermuda. He ...
Date: February 24, 2020    
Buffett Touts Disciplined Risk Evaluation; Berkshire Fourth-Quarter Underwriting Loss Deepens: Disciplined risk evaluation at Berkshire Hathaway Inc. is a religion at Berkshire Hathaway, according to Chairman and Chief Executive Officer Warren ...
Date: February 23, 2020    
Global Indemnity Moves to Profit With $29 Million Net Income in Fourth Quarter: Global Indemnity Ltd. posted a $29 million net income in the fourth quarter, moving to profit from a $73.3 million net loss. The quarterly combined ratio ...
Date: February 21, 2020    
AM Best Affirms Credit Ratings of FAIR Oil & Energy Insurance Syndicate: AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of FAIR Oil & Energy Insurance Syndicate (the ...
Date: February 21, 2020    
AM Best Affirms Credit Ratings of Athora Life Re Ltd. and Its Subsidiary: AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings of “bbb+” of Athora Life Re Ltd. (Athora Re) (Bermuda) ...
Date: February 21, 2020    
Axa CEO: Pricing Helps Group’s Strategic Shift Toward Commercial Lines: Pricing actions in its property/casualty segment and completion of the sale of its U.S. financial services unit moved Axa SA forward in its diversification ...
Date: February 20, 2020    
Argo Names Two Board Nominees Following CEO, Chairman Picks: Argo Group International Holdings Ltd. nominated two candidates for election to its board of directors at the annual meeting in April. Bernard C. Bailey and ...
Date: February 20, 2020    
AM Best Upgrades Credit Ratings of Somerset Reinsurance Ltd.: AM Best has upgraded the Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating to “a-” from “bbb+” of Somerset ...
Date: February 20, 2020    
Swiss Re CEO: Reinsurance Renewals Successful Amid Commercial Lines Revamp: Swiss Re Ltd. posted strong 2019 results even as the group dealt with a high level of natural catastrophe losses and an effort to turn around its corporate ...
Date: February 20, 2020    
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