S&P Puts SiriusPoint on CreditWatch Neg. After CEO, COO Exits; SiriusPoint Comments

SiriusPoint, the Bermuda-based global specialty insurer and reinsurer, has responded to the recent decision by S&P Global Ratings (S&P) to place the company and its core subsidiaries on CreditWatch, with negative implications. SiriusPoint currently has an “A-” insurer financial strength rating and a “BBB” long-term issuer credit rating from S&P. S&P identified recent management changes … Read more

RACQ Insurance chief exits after industry’s ‘challenging year’ – Daily – Insurance News

RACQ Insurance chief exits after industry’s ‘challenging year’ 23 June 2022 RACQ Group Executive Insurance Tracy Green will leave the business, the insurer confirmed today. Ms Green – who is also on the Insurance Council of Australia board – has held the position for two years, and worked with RACQ for more than four. Previously, … Read more

New Study by Strategic Exits Partners Predicts North America is Catching Up in the Global Robotics Race

Article content New research finds that America is securing a dominant position in many new robot categories, outpacing Asia and Europe Mobile robots predicted to fuel demand VANCOUVER, British Columbia — A research study released today by Strategic Exits Partners, a boutique investment bank specializing in the sale of technology companies, found that although America … Read more

AXIS Exits Property Reinsurance to Focus on Specialty; Leadership Team Restructured

AXIS Capital Holdings Ltd. announced it has completed the shift of AXIS Re from property reinsurance to focus instead on casualty, specialty, accident and health, and credit lines. With the refocus of AXIS Re, AXIS Re CEO Steve Arora will leave at the end of the year, following nearly five years with the company. He … Read more

Axis exits property reinsurance, restructures leadership

Axis Capital Holdings Ltd. announced Tuesday that it would stop writing property reinsurance business and Axis Re CEO Steve Arora will leave the company, among a series of other management changes. The Bermuda-based insurer and reinsurer had already significantly reduced its property catastrophe reinsurance business at recent renewals. According to a recent investor presentation, reinsurance … Read more

Druckenmiller Exits Google, Carvana as Family Offices Place Bets

(Bloomberg) — The investment firms of some of the world’s wealthiest investors made some large shifts in their assets last quarter as US stocks slumped by the most since the onset of the Covid-19 pandemic. Most Read from Bloomberg Stanley Druckenmiller’s Duquesne Family Office sold about $274 million of Alphabet Inc. shares and $121 million … Read more

Buffett Exits Wells Fargo Stake, Ending Decades-Long Bet on Bank

(Bloomberg) — Warren Buffett demonstrated he’s still bullish on U.S. retail banking — but not on Wells Fargo & Co. Most Read from Bloomberg The billionaire investor ended his long-running bet on Wells Fargo during the first quarter, according to a filing Monday from his Berkshire Hathaway Inc. Berkshire also reported new stakes in banking … Read more