Bermuda News

Best Affirms Ratings of Lloyd’s Syndicate 2003, Managed by Catlin

A.M. Best Co. has affirmed Best’s Syndicate Rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Lloyd’s Syndicate 2003, which is managed by Catlin Underwriting Agencies Limited (CUAL), a member of the Bermuda-based Catlin Group Limited (CGL). The …

Argo Group Appoints Fleischer as E&S Segment Chief Underwriting Officer

The Excess and Surplus Lines segment of Argo Group International Holdings, Ltd. has appointed Michael Fleischer as E&S segment chief underwriting officer. Fleischer will work closely with E&S segment businesses Colony, Argo Pro and Argo Specialty to help maximize profitability …

People

Insurance brokerage Marsh appointed Ron Marx as a senior vice president in its San Diego office. Marx brings 30 years of risk management and insurance experience to Marsh. He joins the company from Willis, where he led the technology and …

People

Insurance brokerage Marsh appointed Ron Marx as a senior vice president in its San Diego office. Marx brings 30 years of risk management and insurance experience to Marsh. He joins the company from Willis, where he led the technology and …

August Begins Busiest Phase for Hurricane Season

Record high ocean temperatures and the development of a climate phenomenon known as La Nina will keep the Atlantic hurricane season on track to be the busiest since 2005, according to government forecasters. The National Oceanic and Atmospheric Administration has …

Bell Joins Insurance Industry Charitable Foundation Board

The board of governors of the Insurance Industry Charitable Foundation (IICF) based in Walnut Creek, Calif., has appointed Walter A. Bell, chairman of Swiss Re American Holding Corp., to its national board of governors. Bell has a long and distinguished …

Colin Weakens to Tropical Storm West of Bermuda

Tropical Storm Colin weakened to a tropical depression in the Atlantic Ocean Sunday as it passed west of Bermuda, the National Hurricane Center (NHC) said, adding the system could dissipate later in the day. Colin became the third named storm …

Tropical Storm Colin Reforms, Heads for Bermuda

Tropical Storm Colin reformed over the Atlantic Ocean Thursday and was moving northwest on a path that could take it close to Bermuda, where authorities issued a tropical storm warning, the U.S. National Hurricane Center said. Two days earlier, it …

Miami Has Greatest Hurricane Risk of Florida Cities

Perhaps not surprisingly, Miami is Florida’s most vulnerable major city to strong hurricane winds, according to Florida State University researchers who developed a new tool to estimate the frequency of extreme hurricane winds at a particular location. The findings, from …

Boren Named New York Regional Executive for Ironshore

Bermuda-based specialty insurer Ironshore Inc. has named Joseph L. Boren New York regional executive for its U.S. operations. Boren, who will continue in his role as chief executive Officer of Ironshore Environmental, will oversee the integration of business development and …