Sir Nicholas Stern, former chief economist of the World Bank, Head of the U.K. Government Economics Service and Adviser to the Government on the economics of climate change and development, has delivered “the most comprehensive review ever carried out on …
A.M. Best Co. has commented that the ratings of Bermuda-based Catlin Group Limited (Catlin), Catlin Insurance Company Limited (CICL), also based in Bermuda, and the U.K.-based Catlin Insurance Company (UK) Ltd. remain under review with negative implications following the announcement …
Although Germany’s Allianz AG is selling off many of its long-held positions in German companies, it is still interested in making good investments outside the insurance industry. On Friday, Oct. 27 one of the Group’s investment units, Allianz Infrastructure Holdings, …
Beazley, an insurer of specialty lines risks, has expanded its global specialty lines claims team with the addition of four professionals in the company’s newly opened New York office. Prior to joining Beazley, Peter Liaskos was a litigation partner in …
Two major Lloyd’s insurers, who also have extensive operations outside the U.K., have confirmed that they are “in discussions” about a possible sale/merger. In a regulatory announcement on Oct. 24 Wellington Underwriting plc noted a recent “increase in its share …
Standard & Poor’s Ratings Services said that its “interactive Lloyd’s Syndicate Assessment (LSA) of ‘2+/Stable’ on Canopius Managing Agents – Syndicate 4444 and its public information-based LSA of ‘1pi’ on Creechurch Underwriting – Syndicate 1607 are unaffected by the Oct. …
Quanta Capital Holdings Ltd. announced that its Lloyd’s business has taken a step forward in the formation of the Pembroke Managing Agency Limited with the signing of “definitive documents with Chaucer Holdings PLC, the specialty Lloyd’s insurer, and the senior …
A.M. Best Co. has assigned a rating of “bbb-” to the £150 million ($281.4 million) subordinated bonds issued by the U.K.-based Beazley Group plc, the non-operating holding company of the Beazley group of companies. The rating outlook is stable. Best …
London’s Hiscox plc, announced progress in its reorganization plan to establish a Bermuda-based holding company. Hiscox announced that a circular setting out full details of the corporate reorganization together with a prospectus in relation to the admission of Hiscox Ltd. …
Newark, Calif.-based Risk Management Solutions (RMS), which provides products and services for the management of catastrophe risk, announced that Beaufort Underwriting Agency Ltd., on behalf of its managed syndicate MSF Pritchard – Syndicate 318, has licensed RMS’ RiskLink® catastrophe modeling …
