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Arch Reinsurance Ltd Closes Acquisition of Somerset Bridge Group

Arch Reinsurance Ltd Closes Acquisition of Somerset Bridge Group
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AM Best Withdraws Credit Ratings of BMO Reinsurance Limited

AM Best Withdraws Credit Ratings of BMO Reinsurance Limited
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Insurance Bulletin - Spring 2021 | Conyers

To embed, copy and paste the code into your website or blog: What a year it has been since our last Insurance Bulletin in March 2020. Although the full impact of Covid-19 on the re/insurance industry remains unclear, the need to retain capital to meet potential losses has contributed to a general hardening of the market after 15 years of soft market conditions characterised by excess capacity, low prices and more relaxed policy terms. The improved pricing and market outlook of recent months has attracted more capital into the industry to fund deals and growth opportunities. Conyers’ market- leading insurance legal practices in Bermuda and Cayman have seen a great deal of activity including incorporation of new insurers, note offerings by existing insurers and M&A activity. We hope you find this review of recent developments in the insurance and reinsurance sectors insightful and informative reading.

AM Best Affirms Credit Ratings of Starr International Company Inc s Insurance Subsidiaries

Posted on 16369 AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” of the insurance subsidiaries of Starr International Company, Inc. (SICO) (Switzerland), a private investment holding company. These Credit Rating (rating) actions apply to the members of Starr International Group (SIG) and Starr Insurance & Reinsurance Limited (SIRL) (Bermuda). The outlook of these ratings is stable. The ratings of the members of SIG reflect their balance sheet strength, which AM Best categorizes as strongest, as well as their marginal operating performance, favorable business profile and appropriate enterprise risk management (ERM). Members of the SIG include Starr Indemnity & Liability Company, Starr Surplus Lines Insurance Company and Starr Specialty Insurance Company. All companies are domiciled in Dallas, TX.

AM Best Affirms Credit Ratings of Starr International Company Inc s Insurance Subsidiaries

Press release content from Business Wire. The AP news staff was not involved in its creation. AM Best Affirms Credit Ratings of Starr International Company Inc.’s Insurance Subsidiaries December 11, 2020 GMT OLDWICK, N.J. (BUSINESS WIRE) Dec 11, 2020 AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” of the insurance subsidiaries of Starr International Company, Inc. (SICO) (Switzerland), a private investment holding company. These Credit Rating (rating) actions apply to the members of Starr International Group (SIG) and Starr Insurance & Reinsurance Limited (SIRL) (Bermuda). The outlook of these ratings is stable.

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