Bermuda

The executive joined the legacy carrier as CIO in 2020.

The ratings agency said underwriting profitability is likely peaking at current levels, as price increases moderate and loss-cost inflation persists.

As this publication previously reported, the IPO pricing came in under book value but has still narrowed the gap on predecessor Fidelis, listing at 0.9x book value vs Fidelis’ 0.8x.

The reinsurance segment reported a 39.7-point improvement in its CoR to 80% in Q3 2023, along with 30.4% top-line growth to $2.1bn.

Carlton Maner is stepping down after having served at AXIS for almost 22 years.

The two associations will work together on six matters, including climate change, cyber risks and taxation.

The group structure would constitute a Bermuda-based rated carrier, and an associated fund structure.

The executive has over 20 years of specialty insurance experience and most recently served as Everest’s head of financial and professional lines.

Vesttoo has filed documents at the Bankruptcy Court for the District of Delaware that seek an automatic stay against White Rock and its putative liquidators.

The company's Ebitda for 2022 was estimated at $60mn compared to $20mn in 2021.

Both organizations have agreed for the appointment of a liquidator for Vesttoo transaction structures at the Supreme Court of Bermuda.

The Inside P&C Research Team has examined the impact on 2025 earnings for Bermudians of a proposed corporate tax rate of 15% for large multinational firms in Bermuda.