S&P indicates that Bermuda’s economy is on track to continue growing, reflecting the strength in the international business sector, particularly (re)insurance.
Fitch anticipates that while the majority of insurers will remain in Bermuda, some on the margin may prefer other regulatory regimes with less strict capital standards.
Aspen will be the sole cedant to Pando Re and Pimco will be the investment manager.
He will report to Tony Fox, CEO and chairman of reinsurance solutions Bermuda, who will remain as chairman
AM Best has affirmed the financial strength rating of “A” (Excellent) and the long-term issuer credit rating of “a+” (Excellent) for Bermuda-headquartered PMG Assurance
Riihiluoma currently serves as vice president and will succeed Richard Sammons in the role
The investigation concerns whether James River and a certain of its officers have violated the federal securities laws
The launch was confirmed as the group released its Q3 highlights, which included strong underwriting margins and net income results
