Ironshore International’s Pembroke Managing Agency Ltd. has appointed two treaty property leaders to join the Patria Re underwriting team. Nicolas Benardout has been appointed divisional director while Jack Bunting is assistant underwriter for Patria Re’s international property treaty business lines. …
Ironshore Inc. announced that its Pembroke Managing Agency Limited and Mexico reinsurance company, Patria Re, have received Lloyd’s approval to establish a Special Purpose Syndicate (SPS). “Patria Re will join the Lloyd’s platform in partnership with Pembroke as the first …
Lloyd’s has announced that it has “given in principle approval for Patria Re, the Mexican insurance company, to join the Lloyd’s platform. Patria Re will set up a special purpose syndicate in partnership with Lloyd’s managing agent, Pembroke, designed to …
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 Mexico’s Reaseguradora Patria, S.A.B. (Patria Re). Best also assigned an ICR of “bbb-” …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Cayman Islands-based Island Heritage Insurance Company, Ltd., both with stable outlooks. The ratings of Island Heritage reflect its “solid level of …
