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AM Best draws a line in the sand on corporate governance, makes example out of Argo with downgrade to “A-“

AM Best issued a cruel blow to the sense of a new dawn at Argo with a ratings downgrade and a negative outlook, largely citing corporate governance concerns.

IPC Research, February 27, 2020
Hancock named AIG GI international CEO

The appointment positions the outgoing Lloyd's executive as a likely successor to Zaffino as GI head.

Adam McNestrie, February 27, 2020
Walmart seeks up to $500mn in SRCC cover in wake of Chile loss

The food retailer’s property all-risks policy will exclude SRCC cover, and it is not covered under its PV policy.

Anna Sagar, February 27, 2020
Maiden Re cleared to move to Vermont

The main operating subsidiary of Maiden Holdings will “redomesticate” from Bermuda by mid-March.

Samuel Casey, February 27, 2020
Scor Global P&C cuts loss in Q4 as group returns to profit

Japanese catastrophe losses keep P&C in the red as the group result beats forecasts.

Rachel Dalton, February 27, 2020
CNA picks Miralles to replace Anderson as CFO

Al Miralles takes up the post following the departure of James Anderson.

John Hewitt Jones, February 26, 2020
Argo rating downgraded by AM Best to A-

The ratings agency said the action follows Argo’s response to a recent SEC subpoena.

John Hewitt Jones, February 26, 2020
AM Best downgrades ProAssurance as medmal adverse development worsens

The move follows S&P and Fitch putting ProAssurance’s ratings under review.

Bernard Goyder, February 26, 2020
Lloyd’s retrenchment poses opportunity for US market: Arch’s Shulman

The executive said syndicates would struggle to grow market share as casualty rates rise.

John Hewitt Jones, February 26, 2020
Compare the Market owner leads $10.4mn Digital Risks raise

Digital Risks, which focuses on the small and medium-sized enterprise market, said it is growing by 25 percent month-on-month.

Bernard Goyder, February 26, 2020

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