Tokio Millennium Re Ltd.

Mirek Wieczorek Named Senior Vice President, Head of Reinsurance for ICW Group Insurance Companies

Retrieved on: 
Thursday, April 20, 2023

SAN DIEGO, April 20, 2023 /PRNewswire-PRWeb/ -- ICW Group Insurance Companies, a leading group of property and casualty carriers, has promoted Mirek Wieczorek to Senior Vice President, Head of Reinsurance, charged with leading the growth strategy for ICW Re.

Key Points: 
  • SAN DIEGO, April 20, 2023 /PRNewswire-PRWeb/ -- ICW Group Insurance Companies, a leading group of property and casualty carriers , has promoted Mirek Wieczorek to Senior Vice President, Head of Reinsurance, charged with leading the growth strategy for ICW Re.
  • As a part of ICW Group's vision to become a top-tier, multi-line carrier, Wieczorek joined ICW Group nearly four years ago to help build the Assumed Reinsurance business for the company and establish ICW Group in the reinsurance marketplace.
  • "It's thrilling to be a part of the multi-line growth of ICW Group and the successful development of ICW Re," said Wieczorek.
  • ICW Group's Assumed Reinsurance line provides reinsurance to property & casualty companies across all segments and lines of business.

Cadre Holdings Appoints Deborah DeCotis to its Board of Directors

Retrieved on: 
Tuesday, April 12, 2022

Cadre Holdings, Inc. (NYSE: CDRE) (Cadre or the Company), a global leader in the manufacturing and distribution of safety and survivability equipment for first responders, announced the appointment of Deborah DeCotis to its board of directors, effective immediately.

Key Points: 
  • Cadre Holdings, Inc. (NYSE: CDRE) (Cadre or the Company), a global leader in the manufacturing and distribution of safety and survivability equipment for first responders, announced the appointment of Deborah DeCotis to its board of directors, effective immediately.
  • With Ms. DeCotis appointment, the Board will expand to five directors, four of whom are independent.
  • Ms. DeCotis has extensive board level governance experience at a variety of profit and non-profit organizations.
  • Previously DeCotis served on the Board of Directors of Sothebys Holdings, Inc., Watford, RE Ltd., a specialty insurance and reinsurance company, and Armor Holding, Inc., a predecessor of Cadre.

SiriusPoint appoints Andreas Kull as Chief Risk Officer

Retrieved on: 
Thursday, November 18, 2021

HAMILTON, Bermuda, Nov. 18, 2021 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (SiriusPoint or the Company) (NYSE: SPNT), a global specialty insurer and reinsurer, has appointed Andreas Kull as Chief Risk Officer (CRO), effective March 1, 2022.

Key Points: 
  • HAMILTON, Bermuda, Nov. 18, 2021 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (SiriusPoint or the Company) (NYSE: SPNT), a global specialty insurer and reinsurer, has appointed Andreas Kull as Chief Risk Officer (CRO), effective March 1, 2022.
  • As Chief Risk Officer, Mr. Kull will be responsible for overseeing SiriusPoints enterprise-wide risk management strategy as SiriusPoint continues to strengthen its culture of underwriting excellence with an appropriate risk appetite in an evolving landscape of risks.
  • Mr. Kull joins from Bernina Re, where he served as Chief Risk Officer and member of the Executive team.
  • Prior to that, he was the Chief Risk Officer and member of the Executive Committee at Tokio Millennium Re AG (TMR) and was previously the Chief Risk Officer of AXA Winterthur.

AM Best Revises Outlooks to Positive for Synergy Comp Insurance Company

Retrieved on: 
Thursday, July 15, 2021

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Synergy Comp Insurance Company (Synergy Comp) (Sharon, PA).

Key Points: 
  • AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Synergy Comp Insurance Company (Synergy Comp) (Sharon, PA).
  • The Credit Ratings (ratings) reflect Synergy Comps balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.
  • While Synergys balance sheet strength is considered very strong, the assessment considers the limited financial flexibility operating as a privately held organization.
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

AM Best Affirms Credit Ratings of PT Asuransi Tokio Marine Indonesia

Retrieved on: 
Thursday, May 27, 2021

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of PT Asuransi Tokio Marine Indonesia (TMI) (Indonesia).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of PT Asuransi Tokio Marine Indonesia (TMI) (Indonesia).
  • The ratings also recognise implicit and explicit support from the companys ultimate parent, Tokio Marine Holdings, Inc. (TMH), of which the main operating entity is Tokio Marine & Nichido Fire Insurance Co., Ltd. (TMNF).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

AM Best Revises Outlooks to Positive for Somerset Reinsurance Ltd.

Retrieved on: 
Tuesday, March 2, 2021

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of Somerset Reinsurance Ltd. (Somerset Re) (headquartered in Pembroke, Bermuda).

Key Points: 
  • AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of Somerset Reinsurance Ltd. (Somerset Re) (headquartered in Pembroke, Bermuda).
  • The change in outlooks reflect the expectation that the balance sheet strength will continue to improve.
  • More specifically, risk-adjusted capitalization, as measured by Bests Capital Adequacy Ratio (BCAR), is expected to remain at the strongest level.
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

A.M. Best Affirms Tokio Marine HCC Insurance Company Ratings of A++ With Stable Outlook

Retrieved on: 
Tuesday, December 15, 2020

Tokio Marine HCC is a member of the Tokio Marine Group, a premier global company founded in 1879 with a market capitalization of $30 billion as of September 30, 2020.

Key Points: 
  • Tokio Marine HCC is a member of the Tokio Marine Group, a premier global company founded in 1879 with a market capitalization of $30 billion as of September 30, 2020.
  • Headquartered in Houston, Texas, Tokio Marine HCC is a leading specialty insurance group with offices in the United States, Mexico, the United Kingdom and Continental Europe.
  • Tokio Marine HCCs major domestic insurance companies have financial strength ratings of A+ (Strong) from S&P Global Ratings, A++ (Superior) from A.M. Best, and AA- (Very Strong) from Fitch Ratings; its major international insurance companies have financial strength ratings of A+ (Strong) from S&P Global Ratings.
  • Tokio Marine HCC is the marketing name used to describe the affiliated companies under the common ownership of HCC Insurance Holdings, Inc., a Delaware-incorporated insurance holding company.

AM Best Revises Outlooks to Stable for PrimeOne Insurance Company

Retrieved on: 
Tuesday, November 24, 2020

AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of bbb- of PrimeOne Insurance Company (PrimeOne) (Salt Lake City, UT).

Key Points: 
  • AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of bbb- of PrimeOne Insurance Company (PrimeOne) (Salt Lake City, UT).
  • The revision of the outlooks to stable is the result of improved underwriting and operating performance in 2019 and year-to-date 2020, largely driven by positive underwriting, net investment income and other income.
  • Furthermore, the company added a new chief operating officer and other staff with extensive experience in the insurance industry to ensure sustainable and profitable growth within the organization.
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

AM Best Affirms Credit Ratings of Canopius US Insurance, Inc. and Canopius Reinsurance Limited

Retrieved on: 
Wednesday, November 18, 2020

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of Canopius US Insurance, Inc. (Canopius US) (Wilmington, DE) and Canopius Reinsurance Limited (Canopius Re) (Bermuda).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of Canopius US Insurance, Inc. (Canopius US) (Wilmington, DE) and Canopius Reinsurance Limited (Canopius Re) (Bermuda).
  • Both entities are wholly owned subsidiaries of Canopius Group Limited (Canopius) (Jersey), the non-operating holding company of the Canopius group of companies.
  • The ratings of Canopius US and Canopius Re reflect their strategic importance to and integration within the Canopius group.
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

Safety National Receives A.M. Best Rating Upgrade to A++ (Superior)

Retrieved on: 
Wednesday, November 11, 2020

Safety National Casualty Corporation announced today that A.M. Best has upgraded the Companys financial strength rating to A++ (Superior) from A+ (Superior).

Key Points: 
  • Safety National Casualty Corporation announced today that A.M. Best has upgraded the Companys financial strength rating to A++ (Superior) from A+ (Superior).
  • According to A.M. Best, Safety Nationals ratings reflect its balance sheet strength, categorized as strongest, and its strong operating performance, neutral business profile and very strong enterprise risk management.
  • Less than three percent of insurance organizations have earned an A.M. Best A++ rating, so this is a significant milestone for Safety National, said CEO Mark Wilhelm.
  • Safety National is a member of the Tokio Marine Group and is rated A++ (Superior), FSC XV by A.M. Best.