A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Bermuda-based Dah Sing Insurance Company Limited (DSI), both with stable outlooks. Best said the affirmations reflect “DSI’s solid risk-adjusted capital position, …
The Bermuda-based Arch Capital Group Ltd. reported its results for the third quarter of 2010 on Tuesday. Net income available to common shareholders for the period was $141.6 million, or $2.77 per share, compared to $274.4 million, or $4.39 per …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength ratings of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Torus Insurance (Bermuda) Limited, Torus Insurance (UK) Limited, Torus Specialty Insurance Company and Torus National Insurance …
The Bermuda insurance market has launched two new products for the healthcare market: the Bermuda Market Follow Form Healthcare Insurance Policy and the Bermuda Market Reinsurance Agreement. Select Insurance brokers and underwriters from across the island have worked together to …
Catlin Re Switzerland, the European reinsurance company currently being formed by Catlin Group Limited, headquartered in Zurich, has announced two additions to its underwriting staff. Christophe Chandler, currently a Class Underwriter specializing in property reinsurance for Catlin Bermuda, has been …
Risk managers are becoming more visible and active across their organizations and are wielding greater influence on strategic decisions, according to Alex Moczarski, President of Marsh’s International Division. He made the remarks in an address to the Asociación Latinoamericana de …
Willis Group Holdings announced that it has incorporated its US, UK and International hubs of mining expertise into one worldwide group practice, which will report to Steve Hearn, London-based Chairman of Global Markets International (GMI). The new group will bring …
“2011 will be another challenging year,” said Roger Sellek, the CEO of A.M. Best Europe – Rating Services Limited, at the rating agency’s annual review of the state of Europe’s insurance industry. Speaking to an attentive audience at the Grange …
The ACE Group of insurance and reinsurance companies announced that Samantha Froud, Group Financial Controller, has been named Chief Administration Officer for the company’s Bermuda-based operations. She joined ACE in 2001 as Group Financial Controller for the ACE Group. As …
A recent article in Lloyd’s “Market” magazine noted that Sean McGovern, General Counsel and, since February 2010, the Director of Lloyd’s North America, “loves to mess about in boats in his spare time.” As he’s now responsible for two posts, …
