A.M. Best has upgraded the long-term issuer credit rating to “a+” from “a” and affirmed the financial strength rating of A (Excellent) of PMG Assurance, which is based in Bermuda. The outlook of these credit ratings is stable
Third Point Reinsurance, a specialty reinsurer, has hired Tim Mardon, Prashanth Gangu and Rachael Dugan
Bermuda’s Business Development Agency has elected Susan Pateras as new deputy chair and reappointed Fiona Beck as treasurer, with immediate effect
AkinovA explains that this makes them the first new regulated insurance marketplace since Lloyd’s of London Act of parliament in 1871
Sompo International, a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has appointed Richard Brown to lead a new team focusing on property business
Canopius Reinsurance, the Bermuda-based reinsurance company of Canopius, has been granted a Class 4 Reinsurer licence by the Bermuda Monetary Authority
W. R. Berkley Corporation has launched Lifson Re, a special purpose insurer registered in Bermuda and licensed by the Bermuda Monetary Authority
Randall & Quilter II Holdings has completed the acquisition of Marillac Insurance Company, the Cayman captive insurer of Verity Health System of California
