Reinsurance companies

Enstar Completes Transaction With ProSight

Retrieved on: 
Wednesday, August 4, 2021
Actuarial science, Reinsurance, TowerBrook Capital Partners, Reinsurance companies, Finance

HAMILTON, Bermuda, Aug. 04, 2021 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today that one of its wholly owned subsidiaries has completed a transaction with ProSight Global, Inc. (ProSight) to provide reinsurance relating to 2019 and prior year business.

Key Points: 
  • HAMILTON, Bermuda, Aug. 04, 2021 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today that one of its wholly owned subsidiaries has completed a transaction with ProSight Global, Inc. (ProSight) to provide reinsurance relating to 2019 and prior year business.
  • In the transaction, Enstars subsidiary assumed net loss reserves of approximately $500 million and Enstars subsidiary will provide an additional aggregate limit of $250 million.
  • This reinsurance opportunity is aligned with our core competencies, allowing us to provide ProSight with a solution for repositioning its capital as part of its broader strategic transaction with TowerBrook and Further Global.
  • A market leader in completing legacy acquisitions, Enstar has acquired over 100 companies and portfolios since its formation in 2001.

Greenlight Capital Re, Ltd. Announces New Director Appointments

Retrieved on: 
Tuesday, August 3, 2021
Insurance, Actuarial science, Reinsurance, Audit, Reinsurance companies, Types of insurance

David Einhorn, Chairman of the Board, stated We are honored to welcome John, Urs and Victoria to the Board.

Key Points: 
  • David Einhorn, Chairman of the Board, stated We are honored to welcome John, Urs and Victoria to the Board.
  • Prior to his retirement, Mr. Ferrari specialized in providing audit services to companies in the banking, insurance and asset management industries.
  • Mr. Ferrari also served as a member of KPMGs Executive Management Committee and participated on the Audit Quality Professional Practice Steering Committee.
  • Greenlight Re (www.greenlightre.com) provides multi-line property and casualty reinsurance through its licensed and regulated reinsurance entities in the Cayman Islands and Ireland.

W. R. Berkley Corporation Declares Regular Quarterly Dividend

Retrieved on: 
Tuesday, August 3, 2021
Other Professional Services, Legal, Insurance, Human resources, Finance, Consulting, Small business, Banking, Accounting, Professional services, Other Philanthropy, Philanthropy, Fund Raising, Foundation, Reinsurance companies, WRB, Berkley, W. R. Berkley Corporation, Dividend, Insurance, Reinsurance, Finance, Financial services, Economy of the United States

W. R. Berkley Corporation (NYSE: WRB) announced today that its Board of Directors has declared a regular quarterly cash dividend on its common stock of 13 cents per share to be paid on September 29, 2021 to stockholders of record at the close of business on September 15, 2021.

Key Points: 
  • W. R. Berkley Corporation (NYSE: WRB) announced today that its Board of Directors has declared a regular quarterly cash dividend on its common stock of 13 cents per share to be paid on September 29, 2021 to stockholders of record at the close of business on September 15, 2021.
  • Founded in 1967, W. R. Berkley Corporation is an insurance holding company that is among the largest commercial lines writers in the United States and operates worldwide in two segments of the property casualty insurance business: Insurance and Reinsurance & Monoline Excess.
  • For further information about W. R. Berkley Corporation, please visit www.berkley.com .
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20210803005996/en/

The Future of Insurance Europe 2021: Official Launch Announcement

Retrieved on: 
Thursday, July 29, 2021
Insurance, Financial services, Finance, Reinsurance companies, Banking in Germany, Federal Financial Supervisory Authority, Lloyd's of London, AXA, Hannover Re

London, England--(Newsfile Corp. - July 29, 2021) - Reuters Events have today launched their flagship European insurance event, The Future of Insurance Europe 2021 (4-5th November, Online).

Key Points: 
  • London, England--(Newsfile Corp. - July 29, 2021) - Reuters Events have today launched their flagship European insurance event, The Future of Insurance Europe 2021 (4-5th November, Online).
  • This is the largest industry event in Europe bringing together the most influential CEOs, C-suite leadership teams and visionary insurance thought-leaders for real business discussions that truly tackle challenges, develop solutions, set benchmarks, and collectively drive momentum for an exciting future of opportunity.
  • First release of the industry-leading speakers confirmed in attendance, include:
    Xavier Veyry, CEO - APAC & Europe, AXA XL
    Amlie Breitburd, CEO Lloyd's Europe & EMEA Regional Head, Lloyd's
    Fabian Rupprecht, Member of the Management Board & CEO International Insurance, NN Group
    Silke Sehm, Member of the Executive Board, Hannover Re
    Dr. Frank Grund, Executive Director for Insurance & Pension Funds, BaFin
    Reuters Events: The Future of Insurance Europe 2021 is the industry's most senior strategic conference, uniting 1,000+ CEOs, C-Suite execs, and high-level decision makers from across the insurance value chain to revolutionise insurance, together.
  • This press release is being issued in association with Reuters Events upcoming flagship insurance conference The Future of Insurance Europe 2021.

AM Best Affirms Credit Ratings of Eurasia Insurance Company JSC

Retrieved on: 
Thursday, July 29, 2021
Insurance, Professional services, Finance, Eurasian Natural Resources Corporation, Credit rating agencies, Reinsurance companies, Eurasian Bank, Eurasia Insurance Company, Credit rating, AM Best

AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of bbb+ (Good) of Eurasia Insurance Company JSC (Eurasia) (Kazakhstan).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of bbb+ (Good) of Eurasia Insurance Company JSC (Eurasia) (Kazakhstan).
  • In addition, AM Best notes the weaker credit profile of Eurasias parent, Eurasian Financial Company JSC (EFC), primarily due to the parents ownership of JSC Eurasian Bank.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .

Oxford Life Insurance Company's Rating Upgraded to "A" by A.M. Best

Retrieved on: 
Friday, July 30, 2021
Insurance, AM Best, Finance, Reinsurance companies

RENO, Nev., July 30, 2021 /PRNewswire/ -- AMERCO (Nasdaq: UHAL) announced today that A.M. Best, the world's oldest and most authoritative insurance rating and information source, has upgraded the Financial Strength Rating to A (Excellent)and the Issuer Credit Rating of "a" (Excellent) of its subsidiary Oxford Life Insurance Company (Oxford Life).

Key Points: 
  • RENO, Nev., July 30, 2021 /PRNewswire/ -- AMERCO (Nasdaq: UHAL) announced today that A.M. Best, the world's oldest and most authoritative insurance rating and information source, has upgraded the Financial Strength Rating to A (Excellent)and the Issuer Credit Rating of "a" (Excellent) of its subsidiary Oxford Life Insurance Company (Oxford Life).
  • These ratings also apply to Oxford Life's subsidiary, Christian Fidelity Life Insurance Company.
  • "This rating upgrade affirms the high credit quality and business profile of Oxford Life," stated Mark A. Haydukovich, President of Oxford Life.
  • Oxford Life and its subsidiaries provide products and services that promote the financial security of the rapidly growing senior market.

AM Best Affirms Credit Ratings of Members of Erie Insurance Group and Erie Family Life Insurance Company

Retrieved on: 
Wednesday, July 28, 2021
Insurance, Professional services, Insurance, Erie Insurance Group, Erie, Pennsylvania, Reinsurance, Reinsurance companies

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of aa (Superior) of the property/casualty (P/C) members of Erie Insurance Group (Erie).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of aa (Superior) of the property/casualty (P/C) members of Erie Insurance Group (Erie).
  • Additionally, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICR of a (Excellent) of Erie Family Life Insurance Company (EFL).
  • Erie Insurance Exchange is the lead company of Erie; the remainder of the P/C group is composed of inter-company pooling members, Erie Insurance Company and Erie Insurance Company of New York (Rochester, NY), and reinsured subsidiaries Erie Insurance Property & Casualty Company and Flagship City Insurance Company.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .

Reinsurance Group of America to Host Investor Day

Retrieved on: 
Wednesday, July 28, 2021
Insurance, Professional services, Reinsurance companies, Insurance, Reinsurance Group of America, Reinsurance, RGA, Gen Re, HDFC International Life and Re

Reinsurance Group of America, Incorporated (NYSE: RGA) will host a virtual livestream conference for institutional investors and analysts on Thursday, December 9, 2021 from 8:30 a.m. to 11 a.m. Eastern time.

Key Points: 
  • Reinsurance Group of America, Incorporated (NYSE: RGA) will host a virtual livestream conference for institutional investors and analysts on Thursday, December 9, 2021 from 8:30 a.m. to 11 a.m. Eastern time.
  • The presentation materials and a live webcast will be accessible at www.rgare.com under the Investors tab the morning of the event.
  • Reinsurance Group of America, Incorporated (RGA), a Fortune 500 company, is among the leading global providers of life reinsurance and financial solutions, with approximately $3.4 trillion of life reinsurance in force and assets of $84.8 billion as of March 31, 2021.
  • With headquarters in St. Louis, Missouri, and operations around the world, RGA delivers expert solutions in individual life reinsurance, individual living benefits reinsurance, group reinsurance, health reinsurance, facultative underwriting, product development, and financial solutions.

Berkshire Hathaway Specialty Insurance Appoints Caroline Alder-Smurthwaite as Head of Casualty, UK

Retrieved on: 
Monday, July 26, 2021
Insurance, Professional services, Companies, Finance, Reinsurance companies, Financial services, Berkshire Hathaway, Insurance, Hathaway, ING Group

Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has named Caroline Alder-Smurthwaite, Head of General Casualty, UK.

Key Points: 
  • Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has named Caroline Alder-Smurthwaite, Head of General Casualty, UK.
  • Caroline has more than two decades of underwriting experience spanning a wide range of customers, including corporate and large multinational captive accounts, said Hilary Browne, Head of Casualty, UK & Europe.
  • Caroline comes to BHSI from Chubb, where she spent 12 years in increasingly senior positions, most recently London Corporate Casualty Manager.
  • In Europe, Berkshire Hathaway Specialty Insurance (BHSI) trades under Berkshire Hathaway European Insurance DAC (BHEI) and Berkshire Hathaway International Insurance Limited (BHIIL).

W. R. Berkley Corporation Names Glen Riddell Chief Executive Officer of Berkley Re Australia

Retrieved on: 
Monday, July 26, 2021
Other Professional Services, Professional services, Insurance, Finance, Reinsurance companies, Berkley, W. R. Berkley Corporation, WRB, Geography of Massachusetts, Economy of the United States, Finance, Seth Berkley

W. R. Berkley Corporation (NYSE: WRB) today announced the appointment of Glen Riddell, chief executive officer of Berkley Re Asia, to the additional role of chief executive officer of Berkley Re Australia.

Key Points: 
  • W. R. Berkley Corporation (NYSE: WRB) today announced the appointment of Glen Riddell, chief executive officer of Berkley Re Asia, to the additional role of chief executive officer of Berkley Re Australia.
  • Tony Piper will continue as chief executive officer of Berkley Re Australia until that time, when he will transition into the role of chairman of the operating unit.
  • Mr. Riddell joined Berkley Re Asia in 2015 as chief executive officer and has 30 years of property and casualty (re)insurance experience in the Asia Pacific region.
  • W. Robert Berkley, Jr., president and chief executive officer of W. R. Berkley Corporation, commented on the appointments, "Glen and Tony have been instrumental in positioning Berkley Re Asia and Berkley Re Australia as premier reinsurance providers in their respective territories.