-
The move comes after AM Best last week cut the carrier’s FSR to A.
-
Britt Reiss joins as Bermuda partner and director.
-
The CEO says the carrier is committed to winning back its A+ Superior rating.
-
The CEO says the carrier would consider raising equity if potential returns warranted it.
-
Group CEO Juan Andrade will assume oversight of the expanding insurance arm. -
The move follows repeated years of underwriting losses for Syndicate 5151.
-
The carrier notes that only 10,000 of UK SME clients with BI cover have been hit by the Covid-19 lockdown.
-
Alex Poracchia was previously a partner at Deloitte UK.
-
The total-return reinsurer called off its sales process yesterday and announced a buyback.
-
Shares in the total return reinsurer traded up 3 percent after the news.
-
The Bermuda company says its ADC deal with Enstar is bearing fruit.
-
The likeliest bidders remain legacy firms such as Premia, Catalina and Enstar.
