A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Bermuda-based Harbor Point Re Limited and its wholly owned subsidiary, Harbor Point Reinsurance U.S., Inc. (HPRUS), which is headquartered in …
The Bermuda-based Max Capital Group has appointed David Kalainoff as President of Reinsurance Operations. He joined Max in 2003, most recently serving as Managing Director Reinsurance and Executive Vice President and Chief Underwriting Officer, Casualty Reinsurance of Max Bermuda. Kalainoff …
A.M. Best Co. has downgraded the issuer credit ratings (ICR) and senior debt ratings to “ccc” from “b-” of Canadian insurer Kingsway Financial Services Inc. (KFSI) and Kingsway America Inc. (KAI), which is based in Illinois. Best also downgraded the …
A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Bermuda-based BNY Trade Insurance Ltd. Best said the ratings’ revisions reflect BNY Trade’s …
Bermuda’s XL Capital Ltd. has appointed W. Myron Hendry to the newly created position of Chief Platform Officer, based in Stamford Conn. He will join XL on December 1 and will be responsible for all operational IT support of XL’s …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Bermuda-based Bison Insurance Company Limited, both with stable outlooks. “The ratings,” said Best, “reflect Bison’s historically adequate capitalization, generally favorable operating …
Torus, has appointed David Whiting as Senior Casualty Reinsurance Underwriter, with immediate effect. He is based in Bermuda, and takes over responsibility for all of Torus Re’s casualty underwriting. Whiting reports directly to Tim Mardon, Torus Re’s President and Chief …
The New York Insurance Department has signed a cooperation agreement with its counterpart in El Salvador, the latest in a string of similar agreements with insurance regulators in foreign countries. The agreement calls for increased cooperation on insurance-related issues between …
Alan Ring has joined National Contractors Insurance Co., Inc. (NCIC), a risk retention group, headquartered in Big Fork, Montana, as director of sales and marketing. Ring will be based in NCIC’s Anaheim Hills, California, office. Prior to joining NCIC, Ring …
Alan Ring joined National Contractors Insurance Co. Inc. (NCIC), a risk retention group, headquartered in Big Fork, Mont., as director of sales and marketing. Prior to joining NCIC, Ring was a regional manager for construction-related publications and affiliated online properties, …
