Bermuda

Redomiciliation to Bermuda completed

Retrieved on: 
Saturday, September 30, 2023

The Hague, September 30, 2023 - Aegon’s Extraordinary General Meeting of shareholders (EGM) today approved the cross-border conversion into a Bermuda Limited company.

Key Points: 
  • The Hague, September 30, 2023 - Aegon’s Extraordinary General Meeting of shareholders (EGM) today approved the cross-border conversion into a Bermuda Limited company.
  • After the completion of the EGM, the change of Aegon’s legal seat to Bermuda has been effectuated, as a result of which the company became a Bermuda entity: Aegon Ltd. As of October 1, 2023, the Bermuda Monetary Authority will be Aegon’s group supervisor.
  • Aegon shares will continue to be listed on Euronext Amsterdam (AGN) and NYSE (AEG).
  • The identifiers (such as the ISIN) of the Aegon shares will change:
    the Aegon Ltd. common shares will have the ISIN BMG0112X1056; and
    More information on the redomiciliation, as well as the documentation relating to it, can be found here .

AM Best Affirms Credit Ratings of Ascot Group Limited’s Core Operating Subsidiaries

Retrieved on: 
Thursday, September 28, 2023

AM Best has affirmed the Financial Strength Ratings (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” (Excellent) of Ascot Bermuda Limited (Ascot Bermuda) (Bermuda), as well as certain members of the Ascot Insurance U.S. Group (Ascot U.S.).

Key Points: 
  • AM Best has affirmed the Financial Strength Ratings (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” (Excellent) of Ascot Bermuda Limited (Ascot Bermuda) (Bermuda), as well as certain members of the Ascot Insurance U.S. Group (Ascot U.S.).
  • Concurrently, AM Best has affirmed the Long-Term Issue Credit Rating of “bbb+” (Good) on the USD 400 million, 4.25% fixed rate senior unsecured notes due 2030, issued by Ascot Group Limited (Ascot).
  • The ratings of Ascot Bermuda and Ascot U.S. reflect the consolidated balance sheet strength of Ascot, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .

RiverStone International to Drive Investment Strategy with Clearwater Analytics

Retrieved on: 
Thursday, September 28, 2023

BOISE, Idaho, Sept. 28, 2023 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that RiverStone International, a leading global nonlife run-off insurance business specialist and the largest provider of legacy solutions in the Lloyd's market, has successfully implemented the Clearwater platform. Selected for its investment accounting and reporting capabilities, the Clearwater platform today automates and streamlines RiverStone's data consolidation, investment accounting, trade reconciliation, and reporting processes.

Key Points: 
  • BOISE, Idaho, Sept. 28, 2023 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that RiverStone International, a leading global nonlife run-off insurance business specialist and the largest provider of legacy solutions in the Lloyd's market, has successfully implemented the Clearwater platform.
  • Selected for its investment accounting and reporting capabilities, the Clearwater platform today automates and streamlines RiverStone's data consolidation, investment accounting, trade reconciliation, and reporting processes.
  • RiverStone International will leverage Clearwater to help diversify their investment strategy, scale their business quickly with newly acquired books of business, consolidate the single view of a multi-manager strategy, and bolster industry expertise.
  • "We help global insurers and reinsurers such as RiverStone International, as well as U.S. and Bermuda-based insurers, and we have a large presence across the European insurance market, making Clearwater the de-facto solution for investment accounting and reporting processes."

RiverStone International to Drive Investment Strategy with Clearwater Analytics

Retrieved on: 
Thursday, September 28, 2023

BOISE, Idaho, Sept. 28, 2023 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that RiverStone International, a leading global nonlife run-off insurance business specialist and the largest provider of legacy solutions in the Lloyd's market, has successfully implemented the Clearwater platform. Selected for its investment accounting and reporting capabilities, the Clearwater platform today automates and streamlines RiverStone's data consolidation, investment accounting, trade reconciliation, and reporting processes.

Key Points: 
  • BOISE, Idaho, Sept. 28, 2023 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that RiverStone International, a leading global nonlife run-off insurance business specialist and the largest provider of legacy solutions in the Lloyd's market, has successfully implemented the Clearwater platform.
  • Selected for its investment accounting and reporting capabilities, the Clearwater platform today automates and streamlines RiverStone's data consolidation, investment accounting, trade reconciliation, and reporting processes.
  • RiverStone International will leverage Clearwater to help diversify their investment strategy, scale their business quickly with newly acquired books of business, consolidate the single view of a multi-manager strategy, and bolster industry expertise.
  • "We help global insurers and reinsurers such as RiverStone International, as well as U.S. and Bermuda-based insurers, and we have a large presence across the European insurance market, making Clearwater the de-facto solution for investment accounting and reporting processes."

AM Best Revises Under Review Status to Developing; Affirms Credit Ratings of LIA Holdings Limited’s Subsidiaries

Retrieved on: 
Thursday, September 21, 2023

These ratings will remain under review until the transaction closes, all customary regulatory approvals are received and AM Best evaluates BroadRiver Asset Management’s role in these entities.

Key Points: 
  • These ratings will remain under review until the transaction closes, all customary regulatory approvals are received and AM Best evaluates BroadRiver Asset Management’s role in these entities.
  • 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 is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

AM Best Affirms Credit Ratings of Ardellis Insurance Ltd.

Retrieved on: 
Wednesday, September 20, 2023

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Ardellis Insurance Ltd. (Ardellis) (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 Ardellis Insurance Ltd. (Ardellis) (Bermuda).
  • 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 is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

AM Best Affirms Credit Ratings of Maxseguros EPM Ltd.

Retrieved on: 
Wednesday, September 20, 2023

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Maxseguros EPM Ltd. (Maxseguros) (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 Maxseguros EPM Ltd. (Maxseguros) (Bermuda).
  • AM Best has a favorable view of Maxseguros’ overall profile within the ultimate parent’s structure; however, EPM’s credit profile and financial leverage remain key factors for future reviews of Maxseguros.
  • 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 .

Oceania Cruises' Vista Earns Perfect 100 U.S.P.H. Inspection Score

Retrieved on: 
Friday, September 22, 2023

MIAMI, Sept. 22, 2023 /PRNewswire/ -- Oceania Cruises, the world's leading culinary- and destination-focused cruise line, has announced that its new ship, Vista, secured a perfect score of 100 during the luxury vessel's recent United States Public Health (U.S.P.H.) inspection conducted by the U.S. Centers for Disease Control and Prevention (CDC). One of the most anticipated new ships to join the global cruise fleet in May 2023, Vista boasts the most spacious standard staterooms at sea, three brand-new dining concepts and operates with a market-leading service ratio of two staff members for every three guests.

Key Points: 
  • MIAMI, Sept. 22, 2023 /PRNewswire/ -- Oceania Cruises , the world's leading culinary- and destination-focused cruise line, has announced that its new ship, Vista, secured a perfect score of 100 during the luxury vessel's recent United States Public Health (U.S.P.H.)
  • To earn a 100 score, cruise ships must receive perfect marks on all 44 items that comprise the U.S.P.H.
  • "We couldn't be prouder to achieve a perfect 100 in the United States Public Health inspection for our luxurious new ship, Vista," commented Frank A. Del Rio, President of Oceania Cruises.
  • A score of 100 carries considerable magnitude, and we applaud the entire crew and officers aboard Vista for this stellar achievement."

Agam Capital and American Equity Life to partner with Fintech Blue Solutions to create a Strategic Partnership forming the next-generation life insurance products provider in India

Retrieved on: 
Monday, September 18, 2023

Agam Capital, a trusted global platform for insurance analytics, American Equity Life, a world-class provider of annuity and retirement products are excited to announce their plans to launch the next-generation life insurance company in India.

Key Points: 
  • Agam Capital, a trusted global platform for insurance analytics, American Equity Life, a world-class provider of annuity and retirement products are excited to announce their plans to launch the next-generation life insurance company in India.
  • This innovative collaboration harnesses Fintech Blue’s tech-enabled distribution expertise in India, Agam's cutting-edge pALM analytical platform, and American Equity's strength in capital and retirement services.
  • The result will be a truly distinctive entrant into India's thriving and rapidly growing market for life insurance and retirement products.
  • We are proud to partner with Agam to provide both capital and our expertise in both insurance and asset management to this new venture in India.

Kin lands $33M in fresh financing from investors

Retrieved on: 
Wednesday, September 13, 2023

The funding was led by QED Investors with participation from returning investors Geodesic Capital, Allegis Capital, Hudson Structured Capital Management Ltd. (doing its reinsurance business as HSCM Bermuda), and Alpha Edison.

Key Points: 
  • The funding was led by QED Investors with participation from returning investors Geodesic Capital, Allegis Capital, Hudson Structured Capital Management Ltd. (doing its reinsurance business as HSCM Bermuda), and Alpha Edison.
  • Investor confidence in Kin continues to climb due to its unique business strategy and market focus, which have produced systematic, capital efficient growth.
  • Financial: Kin generates stable, recurring revenue by providing management services to two reciprocal exchanges, while shielding investors from direct insurance risk.
  • We believe that Kin will be known as the defining company of the insurtech 2.0 era.”