The Bermuda-based Arch Capital Group Ltd. announced that Constantine (Dinos) Iordanou, President and CEO, has been appointed to the additional position of Chairman of the Board, effective November 2009. He will succeed Paul B. Ingrey, who will be retiring as …
Bermuda-based Validus Holdings, Ltd. announced that it “has filed its definitive proxy statement with the Securities and Exchange Commission and is mailing proxy materials to shareholders of IPC Holdings, Ltd. asking them to vote the GOLD proxy card and reject …
Bermuda-based Flagstone Reinsurance Holdings announced that Khader Hemsi, CEO of Flagstone Alliance Insurance & Reinsurance PLC, will retire from the company. Flagstone Alliance is a wholly-owned subsidiary of Flagstone Re. Hemsi commented: “Flagstone is a dynamic group with a lot …
The Bermuda-based Everest Re Group has appointed Dominic J. Addesso to the position of Executive Vice President and Chief Financial Officer, effective May 8, 2009. He joins Everest from Munich Re America where he held the position of President of …
Marsh & McLennan Cos. Inc., the New York-based insurance broker and consulting firm, has agreed to pay $2.4 million to the state of Connecticut to settle claims of bid rigging, price fixing and receiving kickbacks. State Attorney General Richard Blumenthal …
Syndicate 382 – Hardy Underwriting A.M. Best Co. has affirmed the Best’s Syndicate Rating of ‘A ‘(Excellent) and the issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 382, which is managed by Hardy (Underwriting Agencies) Ltd (HUA). Best also …
The Bermuda-based Argo Group International Holdings announced that its net income for the first quarter of 2009 was “$27.0 million or $0.88 per diluted share, which includes $11.8 million of net pre-tax realized investment losses and other than temporary impairment …
Standard & Poor’s Ratings Services has said that its ratings and outlook on German global reinsurer Munich Reinsurance Co. (‘AA-‘/Stable/–) and core related entities) are unaffected by the Group’s first-quarter 2009 earnings announcement. “Munich Re’s net income for the first …
The Bermuda-based Max Capital Group reported net income for the three months ended March 31, 2009 of $44.5 million, or $0.78 per diluted share, compared to net income of $7.7 million, or $0.13 per diluted share, for the three months …
Bermuda-based Validus Holdings reported net income of $94.9 million, or $1.20 per diluted common share for the quarter ended March 31, 2009, compared with net income of $66.5 million, or $0.85 per diluted common share, for the quarter ended March …
