Simon Arnott has joined insurance-linked securities manager Securis Investment Partners as head of origination for Bermuda and the US, based in Bermuda, sources told sister title Trading Risk.
US homeowners’ insurer Heritage swung to a $23.2mn fourth quarter operating gain from a $3.6mn deficit in the prior-year period in the first reporting period to include the results of its recently closed Narragansett Bay acquisition.
If last year's NotPetya ransomware attack had been focused on Western economies rather than Eastern Europe it would have "turned the cyber insurance market on its head", according to Sompo International's global cyber product leader Brad Gow.
If last year's NotPetya ransomware attack had been focused on Western economies rather than Eastern Europe it would have "turned the cyber insurance market on its head", according to Sompo International's global cyber product leader Brad Gow.
Expansive program underwriting and distribution platform K2 Insurance Services has bought Rockhill’s general liability and gas and propane distribution lines of business, including its subsidiary Partners General Insurance Agency.
Maiden Holdings’ Bermuda and US operating subsidiaries had their financial strength ratings downgraded to A- from A by AM Best today in response to adverse reserve development on its AmTrust business and deteriorating balance sheet strength.
