The rating downgrades reflect the captive’s business plan to cease underwriting new business starting from mid-May 2024
Anthony Shapella will replace David Govrin, who will focus solely on his role as group president and CEO of global reinsurance at SiriusPoint
AM Best has affirmed the financial strength rating of ‘A’ (Excellent) and the long-term issuer credit rating of ‘a’ (Excellent) of Rembrandt Insurance, a Bermuda-based captive (re)insurer of Vitol Holding
Everest Insurance has appointed Nuno Antunes as global head of multinational services and Ning Xu as manager of multinational network partners
Sura Re, as a captive reinsurer of Suramericana, has the primary role of participating in property business underwritten by its parents’ affiliates across Latin America
The move aims to capitalise on growth opportunities in Bermuda, providing insurance and risk management expertise in financial lines, construction, energy, marine, and P&C
The firm appoints Jemma Henry and Lawrence Cheng as managing directors, while Libby Sargent, George Burles and Sonal Ohrie have joined as vice presidents
The prestigious honour was announced today during the opening session of the Bermuda Captive Conference (BCC) by its chair Thomas McMahon
