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Update: Sun Life, Wilton Re Team Up to Form Wilton Life Re, Initial Capitalization of $900 Million
...Adds additional company comment.) Sun Life Financial Inc. and Wilton Re have entered into a definitive agreement to establish a strategic reinsurance and asset-management ...
Source: BestWire   Date: August 25, 2026
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Ascot Group Appoints Former Aspen/Sompo Exec as President of Leadline Capital Partners
Ascot Group Ltd. has appointed James Lee as president of Leadline Capital Partners, Ascot's dedicated third-party capital management platform. He will be based in the company's ...
Source: BestWire   Date: July 24, 2026
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Ascot Prices $350 Million Notes to Fund Growth, Diversification
Ascot said at the time. The specialty insurer said along with this newly formed platform, it also entered into a partnership with institutional investors to provide collateralized ...
Source: BestWire   Date: May 14, 2025
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RenaissanceRe Exec to Join Ascot as CEO, North America
Ascot Bermuda insurance and reinsurance companies. He will also serve as a member of the Ascot group executive committee, the company said. Amen joins the organization from ...
Source: BestWire   Date: April 9, 2025
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Baltimore Bridge, Hurricanes Dent Earnings for Ascot Syndicate 1414
Baltimore bridge collapse a year ago. The net loss for the event was $24 million. The combined ratio for 2024 worsened to 91.6 from 86.6 the previous year. The syndicate said it ...
Source: BestWire   Date: March 24, 2025
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Prudential Completes $11 Billion Reinsurance Transaction With Wilton Re
Life Insurance Company of New Jersey. That transaction will cover policies written through 2019 and it will cover about 40% of Prudential's remaining GUL statutory reserves, the ...
Source: BestWire   Date: December 20, 2024
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Ascot Expands Third-Party Capital Reach With Leadline Platform Launch
Leadline Capital Partners. With the help of new institutional investors, the new platform will support its expanded third-party capital business, Ascot said in a statement. The ...
Source: BestWire   Date: August 23, 2024
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Prudential Reinsuring $11 Billion Guaranteed Universal Life Block With Wilton Re
The transaction is subject to regulatory approvals. Prudential expects a one-time expense of about $25 million in the quarter of closing, primarily due to the extinguishment of ...
Source: BestWire   Date: August 21, 2024
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Marsh McLennan CEO: Economics, Geopolitics Drive Up Price of Risk
Doyle in a conference call. As more than half the world goes to the polls in elections this year, he said the economic outlook is uncertain. Marsh McLennan's growth prospects are ...
Source: BestWire   Date: April 18, 2024
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Marsh McLennan Boosts First-Quarter Profit as Revenue Surges
Board have current Best's Financial Strength Ratings of A (Excellent). (By David Pilla, news editor, BestWire: David.Pilla@ambest.com)
Source: BestWire   Date: April 18, 2024
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Marsh-Led Ukraine War Risk Facility Expands Beyond Grain Coverage
Marsh McLennan, in a statement. The public-private partnership with the Ukrainian government will provide exporters with lower premiums to ship a wider range of goods through its ...
Source: BestWire   Date: March 4, 2024
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Insurance Market Seeks Solutions as Russia Suspends Black Sea Grain Initiative
United Nations-sponsored Black Sea Grain Initiative. "I deeply regret the decision by the Russian Federation to terminate the implementation of the Black Sea Initiative - including ...
Source: BestWire   Date: July 19, 2023
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Enstar Buys Back $341 Million in Shares From Institutional Investor CPP
Enstar said in a statement. CPP Investments remains one of Enstar's largest shareholders and retains its director seat on the Enstar board. The transaction is scheduled to close on ...
Source: BestWire   Date: March 24, 2023
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Lloyd’s Welcomes Updated Guidance on Black Sea Grain Initiative
Joint Coordination Center. The JCC said there was an automatic extension of the grain initiative under the same provisions for another 120 days beginning Nov. 19. Insurance ...
Source: BestWire   Date: November 28, 2022
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Ukraine Grain Export Insurance Faces Pause as Russia Backs Out of Agreement
Marsh Specialty, in an email to BestWire. "For the time being the facility underwriters have decided to suspend the arrangement pending further clarification and reassurance." ...
Source: BestWire   Date: November 1, 2022
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Ascot to Acquire Renewal Rights of Select Irish Casualty Commercial Business From QBE
Ireland to the Ascot Group through a renewal rights transaction. The sale follows QBE's decision earlier this year to conduct a phased withdrawal from underwriting certain Republic ...
Source: BestWire   Date: September 28, 2022
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Lloyd’s CEO: First-Half Loss Follows ‘Triple Shock’ of Ukraine, COVID-19 and Climate Change
Ascot and Marsh said in a statement at the time. The move will provide added support to ongoing humanitarian efforts and alleviate pressure on supply chains and food security, the ...
Source: BestWire   Date: September 8, 2022
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Ukraine Grain War-Risk Facility Adds Lloyd’s Brokers as Initial Placement Launches
Marsh said in a statement. The move will provide added support to ongoing humanitarian efforts and alleviate pressure on supply chains and food security, the companies said. The ...
Source: BestWire   Date: August 23, 2022
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Ascot, Marsh Launch Ukraine Grain Transport Insurance Facility at Lloyd’s
Black Sea treaty between Russia and Ukraine. Placed by Marsh and led by Ascot, the Lloyd's facility will provide up to $50 million in all risks marine cargo and war coverage, Ascot ...
Source: BestWire   Date: July 29, 2022
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AM Best Assigns Credit Ratings to Wilton Re Overseas Limited
Overseas Limited (WROL) (Bermuda). The outlook assigned to these Credit Ratings (ratings) is stable. The entity is being added as a member of the Wilton Re Group and the stable ...
Source: Press Releases   Date: March 31, 2022

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