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The coverholder is the first multi-line, independent MGA to be incorporated in Bermuda.
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The board strengthening follows Catalina's agreement last year to buy Asia Capital Re
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Rate growth fails to meet early expectations but the market is clearly tightening in aggregate.
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The ratings agency highlights considerable staff turnover, a fluctuating business strategy and soft market growth.
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Net catastrophe exposure assumed by cedants fell by 14.8 percent year on year.
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A shift back to rated and occurrence structures is occurring as aggregate terms were heavily revised.
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The meeting was moved up from a previous date in May after five directors stepped down.
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The activist investor called on the carrier to elect shareholder-nominated directors.
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With Lloyd’s having ventured down a rabbit hole of reinvention, does Bermuda stand to benefit?
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The agency said bespoke and fee business would drive future growth at the carrier.
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An ever-clearer picture is emerging of what winning and losing looks like in a hardening market.
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Joining the board is Anne Melissa Dowling, a former insurance regulator in Connecticut and Illinois.