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A.M. Best affirms ratings of Saudi Arabian Oil Company captive
05 November 2021
Reporter Rebecca Delaney

A.M. Best has affirmed the financial strength rating of “A” (Excellent) and the long-term issuer credit rating of “a” (Excellent) of Stellar Insurance (Bermuda), a single-parent captive of Saudi Arabian Oil Company

Compre adds group chief risk officer to Bermuda office
03 November 2021
Reporter Rebecca Delaney

International specialist legacy group Compre has appointed Brid Reynolds as group chief risk officer, effective immediately

Vitol Holding captive ratings affirmed by A.M. Best
28 October 2021
Reporter Rebecca Delaney

A.M. Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of Rembrandt Insurance Company, the Bermuda-based captive reinsurer of Vitol Holding

Appleby names new Bermuda office managing partner
22 October 2021
Reporter Rebecca Delaney

Appleby has appointed Brad Adderley as office managing partner in Bermuda, effective 1 January 2022

SiriusPoint strengthens ties to parametric climate risk market
22 October 2021
Reporter Rebecca Delaney

International speciality insurer and reinsurer SiriusPoint has partnered with Parameter Climate, a climate underwriting and distribution advisory company

Citadel Risk announces capital boost and structural changes
19 October 2021
Reporter Rebecca Delaney

Citadel Risk has made a capital injection of US$25 million into Citadel Reinsurance Company Bermuda to strengthen the group’s balance sheet

Appleby introduces new partners to its Bermuda office
06 October 2021
Reporter Jenna Lomax

Offshore firm Appleby has appointed Tiffany Boys and Matthew Carr as partners, to be based at the firm’s Bermuda office

James River completes loss portfolio transfer with Uber captive
30 September 2021
Reporter Rebecca Delaney

James River Group Holdings has entered two principal operating subsidiaries into a loss portfolio transfer reinsurance transaction with Aleka Insurance, a wholly-owned captive insurer of Uber Technologies

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