Bermuda

Albert Benchimol to be nominated as non-executive member of the Board of Directors

Retrieved on: 
Thursday, November 9, 2023

The Hague, November 9, 2023 - Aegon will propose to its 2024 Annual General Meeting to appoint Albert Benchimol as a non-executive member of the Board of Directors for a four-year term.

Key Points: 
  • The Hague, November 9, 2023 - Aegon will propose to its 2024 Annual General Meeting to appoint Albert Benchimol as a non-executive member of the Board of Directors for a four-year term.
  • Mr. Benchimol (American/Canadian/Moroccan, 1957) brings more than 40 years of experience as a senior leader in the insurance and reinsurance industry.
  • I look forward to working with Albert in our Board of Directors as we continue to guide Aegon through the new chapter of the company’s transformation,” said William Connelly, Chairman of the Board of Directors.
  • Until then, he will attend the Board of Directors meetings as an observer.

AM Best Affirms Credit Ratings of Evergreen Insurance Company Limited

Retrieved on: 
Thursday, November 9, 2023

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Evergreen Insurance Company Limited (EICL) (Bermuda).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Evergreen Insurance Company Limited (EICL) (Bermuda).
  • For current Best’s Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit www.ambest.com/captive .
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

AM Best Affirms Credit Ratings of International General Insurance Holdings Ltd. and Its Subsidiaries

Retrieved on: 
Wednesday, November 8, 2023

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of International General Insurance Co. Ltd., (IGICL) (Bermuda), International General Insurance Company (UK) Limited (IGIUK) (United Kingdom) and International General Insurance Company (Europe) P.L.C.

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of International General Insurance Co. Ltd., (IGICL) (Bermuda), International General Insurance Company (UK) Limited (IGIUK) (United Kingdom) and International General Insurance Company (Europe) P.L.C.
  • Concurrently, AM Best has affirmed the Long-Term ICR of “bbb” (Good) of International General Insurance Holdings Ltd. (IGI) (Bermuda) [NASDAQ: IGIC].
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

Oceanview Holdings Announces Credit Rating Upgrades From AM Best

Retrieved on: 
Tuesday, November 7, 2023

Oceanview Holdings, Ltd., a Bermuda company and ultimate parent of each of Oceanview Life and Annuity Company (“Oceanview Life”), an Alabama insurance company, and Oceanview Reinsurance Ltd., a Bermuda Class E insurance company (together “Oceanview”), today announced that global credit rating agency AM Best has upgraded the Financial Strength Rating (FSR) and Long-Term Issuer Credit Ratings (Long-Term ICR) of Oceanview.

Key Points: 
  • Oceanview Holdings, Ltd., a Bermuda company and ultimate parent of each of Oceanview Life and Annuity Company (“Oceanview Life”), an Alabama insurance company, and Oceanview Reinsurance Ltd., a Bermuda Class E insurance company (together “Oceanview”), today announced that global credit rating agency AM Best has upgraded the Financial Strength Rating (FSR) and Long-Term Issuer Credit Ratings (Long-Term ICR) of Oceanview.
  • AM Best upgraded Oceanview’s FSR to “A”(Excellent) and its Long-Term ICR to “a” (Excellent) from “a-“, assessing Oceanview’s balance sheet as “very strong” and the outlook of these ratings was revised to stable from positive.
  • “We are proud to have achieved this ratings upgrade from AM Best, which is indicative of our robust financial position, continued execution and results,” said William Egan, Chairman and Chief Executive Officer of Oceanview Holdings and Oceanview Life.
  • Andrew Kanelos, Executive Chairman & Chief Governance Officer of Oceanview Re, added “This upgrade reflects the Oceanview team’s commitment to providing high-quality services and its disciplined approach to governance and asset/liability management, all of which are fundamental to the strength and stability of our organizations and worthy of strong investment-grade credit ratings.”
    Additional details regarding these credit ratings are available at AM Best’s Recent Rating Activity web page.

Risk Strategies Names Carl Smith National Property Practice Leader

Retrieved on: 
Wednesday, November 1, 2023

BOSTON, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Risk Strategies , a leading national specialty insurance brokerage and risk management firm, today announced that it has named Carl Smith as its National Property Practice Leader, succeeding Peter Fallon, who is retiring at year’s end after two decades with the firm.

Key Points: 
  • BOSTON, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Risk Strategies , a leading national specialty insurance brokerage and risk management firm, today announced that it has named Carl Smith as its National Property Practice Leader, succeeding Peter Fallon, who is retiring at year’s end after two decades with the firm.
  • An insurance veteran with over 30 years of experience in the industry, Smith joined Risk Strategies in 2005 and served most recently as Executive Vice President, International Practice Leader.
  • Smith will continue in his role as International Practice Leader for Risk Strategies.
  • I am confident in Carl’s ability to lead this important practice forward and warmly wish Peter all the best in his retirement at the end of the year.”
    “This is a dynamic, demanding time for clients seeking practical solutions to increasingly complex risks,” said Carl Smith, National Property Practice Leader, Risk Strategies.

Monolithic Power Systems Announces $640 Million Stock Repurchase Program

Retrieved on: 
Monday, October 30, 2023

KIRKLAND, Wash., Oct. 30, 2023 (GLOBE NEWSWIRE) -- Monolithic Power Systems, Inc. (“MPS”) (Nasdaq: MPWR), a fabless company with a global footprint that provides high-performance, semiconductor-based power electronic solutions, today announced its Board of Directors has approved a new stock repurchase program that authorizes MPS to repurchase up to $640 million in the aggregate of its common stock, which will expire on October 29, 2026.

Key Points: 
  • KIRKLAND, Wash., Oct. 30, 2023 (GLOBE NEWSWIRE) -- Monolithic Power Systems, Inc. (“MPS”) (Nasdaq: MPWR), a fabless company with a global footprint that provides high-performance, semiconductor-based power electronic solutions, today announced its Board of Directors has approved a new stock repurchase program that authorizes MPS to repurchase up to $640 million in the aggregate of its common stock, which will expire on October 29, 2026.
  • Shares of common stock repurchased under the program will be retired.
  • As of September 30, 2023, MPS had cash, cash equivalents and investments of $1.0 billion, and 48.7 million fully diluted weighted-average shares of common stock outstanding.
  • The repurchase program does not obligate MPS to purchase any particular number of shares and may be suspended, modified, or discontinued at any time without prior notice.

Fred R. Donner Elected to Crawford & Company® Board of Directors

Retrieved on: 
Monday, November 6, 2023

Crawford & Company® (NYSE: CRD-A and CRD-B) is pleased to announce the election of Fred R. Donner as an independent director, effective November 3, 2023.

Key Points: 
  • Crawford & Company® (NYSE: CRD-A and CRD-B) is pleased to announce the election of Fred R. Donner as an independent director, effective November 3, 2023.
  • This strategic addition to the board further strengthens the company’s commitment to leveraging deep and eminent expertise.
  • With nearly 40 years of experience in the insurance industry, Mr. Donner is well-versed in leading and advising corporations through restructurings, international expansion, risk management and capital market transactions.
  • “We are thrilled to welcome Fred to our Board of Directors.

AM Best Affirms Credit Ratings of Hiscox Ltd and Its Subsidiaries

Retrieved on: 
Friday, November 3, 2023

At the same time, AM Best has affirmed the Long-Term ICR of “bbb+” (Good) of Hiscox Ltd (Hiscox) (Bermuda), the ultimate non-operating holding company of the Hiscox group of companies.

Key Points: 
  • At the same time, AM Best has affirmed the Long-Term ICR of “bbb+” (Good) of Hiscox Ltd (Hiscox) (Bermuda), the ultimate non-operating holding company of the Hiscox group of companies.
  • The ratings of HIB, HICL, HIG and HICI reflect their strategic importance to Hiscox, as well as their integration within the group.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

Assured Guaranty Ltd. Declares Quarterly Dividend of $0.28 per Common Share

Retrieved on: 
Wednesday, November 1, 2023

Assured Guaranty Ltd. (NYSE:AGO) today declared a quarterly dividend of $0.28 per common share.

Key Points: 
  • Assured Guaranty Ltd. (NYSE:AGO) today declared a quarterly dividend of $0.28 per common share.
  • Assured Guaranty Ltd. is a publicly traded (NYSE: AGO) Bermuda-based holding company.
  • Through its subsidiaries, Assured Guaranty provides credit enhancement products to the U.S. and international public finance, infrastructure and structured finance markets.
  • Assured Guaranty also participates in the asset management business through its ownership interest in Sound Point Capital Management, LP.

ExpressVPN launches new features, expands service offerings to deliver more value to users

Retrieved on: 
Wednesday, November 1, 2023

TORTOLA, British Virgin Islands, Nov. 1, 2023 /PRNewswire/ -- Leading consumer privacy and security company ExpressVPN today announces that it has added several new features and expanded its existing service offerings. These include an ad blocker, an adult-site blocker, growth of its server network to 105 countries, an update to its multiple-device policy to eight simultaneous connections, and an auto-update feature.

Key Points: 
  • "ExpressVPN's services help millions of users take control of their digital lives every day, so we constantly strive to deliver more value and a better experience to them.
  • We are proud of the incredible lineup of new features and service improvements, which give our users more ways to protect themselves at no extra cost," said Samuel Bultez, head of product, ExpressVPN.
  • Users can easily take control of their internet experience by enabling these advanced protection features via toggles in the ExpressVPN apps.
  • ExpressVPN also announced the launch of an auto-update feature on its desktop apps, so that its users always have the latest features and security enhancements.