Torus Specialty, the U.S. subsidiary of global specialty insurer, Torus, can now write $10 million in capacity for umbrella and excess liability placements. The company said it plans to further increase capacity in coming months. In addition, the team, led …
Bermuda-based Ironshore Inc. announced today that it has gained approval to write direct and facultative property business on behalf of its Pembroke Lloyd’s Syndicate effective October 1, 2009. The Pembroke team will underwrite a “broad spectrum of property risks with …
Willis Group Holdings announced that Pauline Margrett has been appointed Chief Operating Officer for its Global Captive Practice. She is based in London and will report to Tom Coughlin, the Global Captive Practice leader. The announcement notes that Margrett’s career …
The Bermuda-based Max Capital Group Ltd. announced the appointment of Adam Mullan as Chief Executive Officer of Max at Lloyd’s Ltd., the Lloyd’s managing agent for Syndicates 1400, 2525 and 2526. The appointment is subject to the approval of the …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Flagstone Reassurance Suisse SA and the ICR of “bbb-” of Bermuda-based Flagstone Reinsurance Holdings Limited (collectively referred to as Flagstone …
Ironshore Inc. has named Rod Todd as head of its newly established Lloyd’s Property Operation, and promoted Peter Coleman to head of Ironshore’s Bermuda property operations. Todd has extensive experience in the Lloyd’s Property marketplace. Before joining Ironshore Bermuda in …
The Independent Insurance Agents and Brokers of New Jersey (IIABNJ) has elected new leadership. Terry M. Ryan of Hanson & Ryan in Totowa will serve as the new chairman of the association. Ronald Gansfuss of Gansfuss Agency in Clinton will …
Deal making wasn’t at the top of the list of summer activities this season, but deal vacation was. Third quarter merger and acquisition (M&A) activity continued declining to just 30 announced transactions between July and September. This quarterly activity follows …
Bermuda’s Minister of Finance Paula A. Cox announced that it has signed a bilateral agreement with Mexico that provides for a full exchange of information on criminal and civil tax matters between Bermuda and Mexico. The signing of the tax …
In December, 2008, Kevin Kelley left Lexington Insurance Co., the largest excess and surplus lines insurance company, after more than 30 years during which he helped the company become one of parent American International Group’s (AIG), and the industry’s, most …
