Standard & Poor’s Ratings Services has assigned its preliminary ‘B-‘ credit rating to the class II-CN3 notes series 2010-1 issued under the principal at-risk variable-rate note program, Successor X Ltd. Swiss Re (A+/Stable/A-1) sponsors the program, which “aims to transfer …
Bermuda-based PartnerRe Ltd has issued preliminary estimates of expected claims from the earthquake in Chile and European Windstorm Xynthia. Total insured industry losses from the M8.8 earthquake in Chile, which hit on February 27, 2010, “will be in the range …
The Association of Bermuda Insurers and Reinsurers (ABIR) has filed an opposition to HR 2555 which, the Association warns would “replace private sector risk bearing capital with government reinsurance and government guarantees of state debt.” In a letter addressed to …
Max Capital Group Ltd. and Harbor Point Limited announced that they “have unanimously approved a definitive amalgamation agreement for a merger of equals.” Both companies are based in Bermuda. Max Capital is a public company whose shares are traded on …
Standard & Poor’s Ratings Services has affirmed its ‘BBB’ counterparty credit ratings on Bermuda-based insurance and reinsurance holding company Max Capital Group Ltd. and its intermediary holding-company subsidiaries: Max USA Holdings Ltd., Max Europe Holdings Ltd., and Max UK Holdings …
A.M. Best Co. has placed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the operating subsidiaries of Max Capital Group Ltd. under review with positive implications following the recent announcement of its …
RMI Consulting, a risk management consulting firm based in Port Washington, New York, has appointed Joseph Peiser as partner and chief operating officer. Peiser will oversee the day-to-day management of RMI Consulting and the firm’s risk purchasing division, RPG Management. …
Standard & Poor’s Ratings Services has placed its ‘A+’ counterparty credit and financial strength ratings on American International Assurance Co. Ltd. (AIA) and American International Assurance Co. (Bermuda) Ltd. (AIAB) on CreditWatch with developing implications. The ratings on American International …
The Bermuda-based Everest Re Group announced the appointment of Roger M. Singer to its Board of Directors, effective February 24, 2010. He formerly served as Senior Vice President, General Counsel and Secretary for One Beacon Insurance Group LLC from 1989 …
Bermuda-based RenaissanceRe Holdings announced the promotion of Peter C. Durhager, currently Senior Vice President and Chief Administrative Officer, to Executive Vice President. He will continue to report to Neill A. Currie, the Company’s CEO, and to serve as Chief Administrative …
