Axis & Allies: World War I 1914

Markel builds local Casualty and Professional and Financial Risk teams with senior hires in Australia

Retrieved on: 
Tuesday, October 31, 2023
Farag, Insurance, MKL, Financial risk, NYSE, Assistant, PFR, Axis & Allies: World War I 1914, Booysen, Markel Corporation, Head, Indemnity, Casualty

Farag joins Markel from Swiss Re Corporate Solutions, where he led a highly-regarded team of underwriters as Casualty Portfolio Leader for Australia and New Zealand.

Key Points: 
  • Farag joins Markel from Swiss Re Corporate Solutions, where he led a highly-regarded team of underwriters as Casualty Portfolio Leader for Australia and New Zealand.
  • Beazleigh joins Markel from Allied World, where he was Senior Vice President and Underwriting Head, Asia Pacific Professional Lines Division.
  • Markel has also appointed Arné Booysen as Senior Underwriter, Professional Indemnity.
  • The offering will initially include Casualty, Professional Indemnity and Directors & Officers products, with other lines to follow as the organisation continues to build its local presence.

Markel builds local Casualty and Professional and Financial Risk teams with senior hires in Australia

Retrieved on: 
Tuesday, October 31, 2023
Farag, Insurance, MKL, Financial risk, NYSE, Assistant, PFR, Axis & Allies: World War I 1914, Booysen, Markel Corporation, Head, Indemnity, Casualty

Farag joins Markel from Swiss Re Corporate Solutions, where he led a highly-regarded team of underwriters as Casualty Portfolio Leader for Australia and New Zealand.

Key Points: 
  • Farag joins Markel from Swiss Re Corporate Solutions, where he led a highly-regarded team of underwriters as Casualty Portfolio Leader for Australia and New Zealand.
  • Beazleigh joins Markel from Allied World, where he was Senior Vice President and Underwriting Head, Asia Pacific Professional Lines Division.
  • Markel has also appointed Arné Booysen as Senior Underwriter, Professional Indemnity.
  • The offering will initially include Casualty, Professional Indemnity and Directors & Officers products, with other lines to follow as the organisation continues to build its local presence.

Vantage Risk Names Brian Steinhoff as Senior Vice President, Property Catastrophe

Retrieved on: 
Tuesday, June 13, 2023
Lead, Insurance, Partnership, University, Senior, Axis & Allies: World War I 1914, Bachelor of Commerce, Vantage, Property, Innovation, Advantage, Saint Mary's University, Steam, ILS, Commerce, Reinsurance, Management

Brent Poliquin, Reinsurance Data & Analytics Lead, expands role

Key Points: 
  • Brent Poliquin, Reinsurance Data & Analytics Lead, expands role
    HAMILTON, Bermuda, June 13, 2023 /PRNewswire/ -- Vantage Group Holdings Ltd. (Vantage) announced today that Brian Steinhoff has been appointed as Senior Vice President, Property Catastrophe, of Vantage Risk Ltd. effective immediately.
  • Mr. Steinhoff will be based in Bermuda and report to Peta White, President of Vantage Risk Ltd.
    Vantage Risk Names Brian Steinhoff as Senior Vice President, Property Catastrophe.
  • In his new role, Mr. Steinhoff will lead Vantage Risk's Property Catastrophe underwriting team, and lead the Property Catastrophe underwriting efforts on behalf of the company's partnership capital platform AdVantage Retro I Ltd. ("AdVantage").
  • Under Brian's direction, the group's expertise, analytics, and reporting will also be extended to investors interested in opportunities in the Property Catastrophe market.

AM Best Upgrades Issuer Credit Ratings of Fairfax Financial Holdings Limited, Its Subsidiaries and Allied World Assurance Company Holdings, Ltd.

Retrieved on: 
Wednesday, May 3, 2023
Professional Services, Insurance, Finance, Good, AM Best, Long-Term Capital Management, ICR, ALL, ERM, Axis & Allies: World War I 1914, CAD, Suzuki Motor Corp. v. Consumers Union of the U.S., Inc., Credit, US, Fairfax Financial, FSR, External debt, AM, Bermuda, News, Security (finance), Public utility, Retail, Life insurance, 3D printing

AM Best has upgraded the Long-Term Issuer Credit Rating (Long- Term ICR) to “bbb+” (Good) from “bbb” (Good) and the Long-Term Issue Credit Ratings (Long-Term IR) on the unsecured debt and preferred equity of Fairfax Financial Holdings Limited (Fairfax) (Toronto, Canada).

Key Points: 
  • AM Best has upgraded the Long-Term Issuer Credit Rating (Long- Term ICR) to “bbb+” (Good) from “bbb” (Good) and the Long-Term Issue Credit Ratings (Long-Term IR) on the unsecured debt and preferred equity of Fairfax Financial Holdings Limited (Fairfax) (Toronto, Canada).
  • At the same time, AM Best has upgraded the Long-Term ICR to “a+” Excellent) from “a” (Excellent) and affirmed the Financial Strength Rating (FSR) of A (Excellent) of Allied World Assurance Company Holdings, Ltd.’s (Bermuda) (Allied World Holdings) operating affiliates (collectively referred to as Allied World or the group).
  • Concurrently, AM Best has upgraded the Long-Term ICRs to “bbb+” (Good) from “bbb” (Good) of Allied World Holdings and its downstream holding company, Allied World Assurance Company Holdings I, Ltd (Bermuda).
  • AM Best also has upgraded the Long-Term IR to “bbb+” (Good) from “bbb” (Good) on the $500 million, 4.35% senior unsecured notes of Allied World Assurance Company Holdings I, Ltd, due 2025, which are unconditionally and irrevocably guaranteed by Allied World Holdings.

Sompo International Appoints Margaret Hyland to President of North America Reinsurance

Retrieved on: 
Friday, April 14, 2023
Mexican American professionals, Bachelor, Fordham University, University, Axis & Allies: World War I 1914, Gabelli School of Business, Business, Saint John's University, CNA, Margaret Hyland, Business administration, AXIS Capital, Financial services, Management, Reinsurance, Literature, Speech

PEMBROKE, Bermuda, April 14, 2023 /PRNewswire/ -- Sompo International, a leading global provider of commercial and consumer property and casualty (re)insurance, announced the promotion of Margaret Hyland to President of North America Reinsurance.

Key Points: 
  • PEMBROKE, Bermuda, April 14, 2023 /PRNewswire/ -- Sompo International, a leading global provider of commercial and consumer property and casualty (re)insurance, announced the promotion of Margaret Hyland to President of North America Reinsurance.
  • Ms. Hyland reports to Christopher Donelan, Chief Executive Officer, Global Reinsurance, Sompo International Holdings Ltd., and is based in Garden City, New York.
  • Ms. Hyland takes over from Steven Hanke who, after almost 10 years with Sompo International Reinsurance, has accepted a position with a leading brokerage firm.
  • Ms. Hyland previously served as Executive Vice President, Head of North American Professional Liability Reinsurance at Sompo International.

Fairfax Completes US$750 Million Senior Notes Offering

Retrieved on: 
Tuesday, August 16, 2022
Securities Act of 1933, United, Industry, GLOBE, Commerce, Failure, Investment, FFH, TSX, Sale, Annual report, Axis & Allies: World War I 1914, Method, SEC Rule 144A, Government, Income, Risk management, COVID-19, Acquisition, Debt-to-GDP ratio, Fairfax Financial, Intention, Atlas, Asbestos, Insurance, Private Securities Litigation Reform Act, Regulation, Crum, Atlas Corporation, Note, SEDAR, Security (finance)

TORONTO, Aug. 16, 2022 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (Fairfax) (TSX: FFH and FFH.U) has completed its previously announced offering of US$750 million in aggregate principal amount of 5.625% Senior Notes due 2032 (the Notes).

Key Points: 
  • TORONTO, Aug. 16, 2022 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (Fairfax) (TSX: FFH and FFH.U) has completed its previously announced offering of US$750 million in aggregate principal amount of 5.625% Senior Notes due 2032 (the Notes).
  • In connection with the closing of the offering, Fairfax entered into a customary registration rights agreement.
  • Any offers of the Notes have been made only by means of a private offering memorandum.
  • Such forward-looking information may include, among other things, the intended use of the net proceeds from the offering of the Notes.

Fairfax Announces Pricing of Senior Notes Offering

Retrieved on: 
Thursday, August 11, 2022
Securities Act of 1933, United, Industry, GLOBE, Commerce, Failure, Investment, FFH, TSX, Sale, Annual report, Axis & Allies: World War I 1914, Method, SEC Rule 144A, Government, Income, Risk management, COVID-19, Acquisition, Fairfax Financial, Intention, Atlas, Asbestos, Insurance, Private Securities Litigation Reform Act, Regulation, Crum, Atlas Corporation, Note, SEDAR, Security (finance)

TORONTO, Aug. 11, 2022 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (Fairfax) (TSX: FFH and FFH.U) announces that it has priced a private offering of US$750,000,000 of Fairfaxs Senior Notes due 2032 (the Notes) at an issue price of 99.856%.

Key Points: 
  • TORONTO, Aug. 11, 2022 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (Fairfax) (TSX: FFH and FFH.U) announces that it has priced a private offering of US$750,000,000 of Fairfaxs Senior Notes due 2032 (the Notes) at an issue price of 99.856%.
  • The Notes will be unsecured obligations of Fairfax and will pay a fixed rate of interest of 5.625% per annum.
  • Fairfax also intends to enter into a registration rights agreement in connection with the offering.
  • Such forward-looking information may include, among other things, the intended use of net proceeds from the offering of Notes and the anticipated completion of the offering of Notes.

CapSpecialty Announces Leadership Transition

Retrieved on: 
Friday, August 5, 2022
Small Business, Professional Services, Insurance, Excel Communications, Industry, CEO, NYSE, Health care, CFO, Darwin, Specialty, Leadership, D&O, Axis & Allies: World War I 1914, Professional liability insurance, Marketing, Company, Distribution, Alleghany Corporation, Solution, Chair, Traveler, Management, Insurance

Over the course of the past 20 years, Jack held several important roles for Alleghany including CFO of Darwin Professional Underwriters, CFO of Alleghany and most recently CEO of CapSpecialty.

Key Points: 
  • Over the course of the past 20 years, Jack held several important roles for Alleghany including CFO of Darwin Professional Underwriters, CFO of Alleghany and most recently CEO of CapSpecialty.
  • It has been my privilege to serve as CEO of CapSpecialty and in my prior roles for Alleghany.
  • Adam will do a superb job leading CapSpecialty after having been a key member of the senior management team for almost nine years.
  • He is an experienced and disciplined underwriter whose deep knowledge of the company and strong industry relationships will serve CapSpecialty and its clients well.

BreachQuest Gains Momentum, Named Approved Vendor By Top Cyber Insurance Providers

Retrieved on: 
Wednesday, July 13, 2022
IBM, US, United States Cyber Command, Markel Corporation, Cyberattack, Solution, Organization, Partnership, CEO, Insurance, Qmunity, Policy, United States Department of Defense, NSA, Intelligence, Axis & Allies: World War I 1914, Risk management

These companies include Allied World, EmerginRisk, Markel, and Munich Re Specialty Group Insurance Services, Inc., as well as over a dozen others.

Key Points: 
  • These companies include Allied World, EmerginRisk, Markel, and Munich Re Specialty Group Insurance Services, Inc., as well as over a dozen others.
  • "This is an important milestone, especially with it happening at the same time as our anniversary as a company," said Shaun Gordon, CEO, and Co-Founder of BreachQuest.
  • "It's great progress in the first year and we are especially proud to have been able to deliver excellent outcomes for many global organizations challenged by severe cyber threats."
  • Built around the proprietary PRIORI Platform, BreachQuest improves organization's security posture with automated end-to-end readiness and response capabilities which enhances cyber resilience and reduces attacker dwell time.

AM Best Revises Issuer Credit Rating Outlook to Positive for Fairfax Financial Holdings Limited and Subsidiary; Affirms Credit Ratings of Allied World Assurance Company Holdings, Ltd.

Retrieved on: 
Wednesday, May 25, 2022
Insurance, Professional Services, Income, CAD, Axis & Allies: World War I 1914, Risk management, Credit, External debt, News, Policy, Insurance, AM Best, US, Suzuki Motor Corp. v. Consumers Union of the U.S., Inc., AM, ICR, Long-Term Capital Management, Industry, Good, FSR, Fairfax Financial, Calendar, ALL, Bermuda, Security (finance), Public utility, Life insurance, Machine shop

At the same time, AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICR of a (Excellent) of Allied World Assurance Company Holdings, Ltd.s (Bermuda) (Allied World Holdings) operating affiliates (collectively referred to as Allied World or the group).

Key Points: 
  • At the same time, AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICR of a (Excellent) of Allied World Assurance Company Holdings, Ltd.s (Bermuda) (Allied World Holdings) operating affiliates (collectively referred to as Allied World or the group).
  • Concurrently, AM Best has affirmed the Long-Term ICR of bbb (Good) of Allied World Assurance Company Holdings, Ltd. and its downstream holding company, Allied World Assurance Company Holdings I, Ltd (Bermuda).
  • AM Best also has affirmed the Long-Term IR of bbb (Good) on the $500 million, 4.35% senior unsecured notes of Allied World Assurance Company Holdings I, Ltd, due 2025, which are unconditionally and irrevocably guaranteed by Allied World Holdings.
  • The Long-Term ICR outlook revision to positive for Fairfax reflects its improved financial leverage position and the associated decreased reliance on external debt.