Reinsurance News
StarStone
Credit ratings of Core Specialty subsidiaries upgraded by AM Best
28th August 2024
As specialty insurer Core Specialty Insurance Holdings, Inc.'s product and geographical diversification continues to improve on the back of acquisitions and organic growth initiatives, AM Best has upgraded the credit ratings of its subsidiaries. The global credit rating agency has upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- ... Read the full article
AM Best removes Starstone units from under review status
17th June 2021
Rating agency AM Best has decided to remove StarStone Insurance Bermuda Limited (SIBL) (Bermuda) and StarStone Insurance SE (SISE) (Liechtenstein) from their under review with negative implications status. At the same time, it affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of ... Read the full article
Enstar finalises sale of StarStone Underwriting to Inigo
16th March 2021
Legacy specialist Enstar Group Limited and Stone Point Capital LLC have now completed the sale of StarStone Underwriting Limited and its managed Lloyd's Syndicate, 1301, to recently launched speciality insurer and reinsurer, Inigo Limited. Now finalised, Enstar, Stone Point and Dowling Funds received $30 million of consideration from the sale in ... Read the full article
Speciality insurer Inigo set to launch at Lloyd’s following StarStone acquisition
18th November 2020
Speciality insurer Inigo is set to launch at Lloyd's of London following the acquisition of Enstar and Stone Point Capital's managing agency StarStone Underwriting (SUL), along with the right to operate Syndicate 1301. Enstar, Stone Point and venture capital firm Dowling will receive $30 million from the sale of SUL in the form ... Read the full article
StarStone U.S. appoints Alison Oliphant to lead new E&S property unit
28th August 2020
Alison Oliphant, formerly of Velocity Risk Underwriters, a division of Nephila Capital, has joined StarStone U.S. as President of the company's newly-created excess & surplus (E&S) property division. In early June, it was revealed that StarStone's parent, Enstar, had agreed a $610 million recapitalisation of StarStone U.S. in a push ... Read the full article
Enstar’s Clarendon agrees LPT & ADC reinsurance agreement with StarStone US
12th June 2020
Clarendon National Insurance Company, a wholly-owned subsidiary of Enstar, is to enter into a loss Portfolio Transfer (LPT) and Adverse Development Cover (ADC) reinsurance arrangement with StarStone US. Enstar announced yesterday the recapitalisation of StarStone US, revealing plans for a push back into the property and casualty (P&C) insurance markets, ... Read the full article
Enstar announces $610mn StarStone US recapitalisation
11th June 2020
Enstar Group Limited has agreed to a $610 million recapitalisation of StarStone U.S. Holdings, Inc. led by SkyKnight, Dragoneer, and Aquiline, as the company repositions towards specialty excess & surplus (E&S) growth. Investors SkyKnight Capital, L.P., Dragoneer Investment Group and Aquiline Capital Partners LLC have committed $610 million in fresh equity ... Read the full article
Chairman Ed Noonan departs StarStone
6th November 2019
Specialty insurer StarStone has announced the departure of Ed Noonan as chairman and member of the group board. Noonan, who arrived at the firm in April this year, joined from Validus Group, where for 13 years he served as Chairman and Chief Executive Officer. Noonan was President and CEO of American Re ... Read the full article
Talbot’s Gillingham named head of war, terrorism at StarStone
18th October 2019
Specialty insurer StarStone has announced the appointment of Henry Gillingham as head of war & terrorism within its crisis management division. Gillingham will be based in London and is set to join in the first half of 2020. He joins from Talbot Underwriting, where he most recently served as a senior ... Read the full article
Validus’ Ed Noonan named StarStone Chairman amid leadership reshuffle
9th April 2019
Global specialty insurer StarStone has made a series of leadership changes which includes the appointment of Ed Noonan as Group Chairman. Dick Sanford joins as President of the Group while Chris Rash has been promoted to Chief Executive Officer of StarStone International and Deputy Group CEO. Noonan brings over 30 years’ ... Read the full article
InsurTech firm Agile to represent StarStone across all Syndicate 1301 specialty business
12th February 2019
InsurTech underwriting agency, Agile Underwriting Services Pty Ltd, has been announced as a representative agent for international specialty insurer, StarStone in Australia and New Zealand. Since StarStone launched its Australian underwriting business in 2016, Agile has been a strategic partner, and this appointment follows a strategic review by StarStone. Under the partnership, Agile ... Read the full article
elesco acquires StarStone’s Dubai MGA and Zurich airline & products book
4th February 2019
Specialty underwriting platform elseco has entered into an agreement with global specialty insurer StarStone to acquire Malakite Underwriting Partners Ltd., its Dubai-based managing general agent (MGA), as well as the renewal rights to StarStone's Zurich airline & products portfolio. Under the terms of the strategic partnership, StarStone will continue to provide ... Read the full article
StarStone names John Hendrickson Group CEO
17th October 2018
Global specialty insurer StarStone has announced the appointment of John Hendrickson as its new Group Chief Executive Officer (CEO), effective immediately. Hendrickson replaces Demian Smith, who resigned from the company in September of this year after eight years with the firm. Hendrickson brings more than 35 years of industry experience to the ... Read the full article
Enstar rejects potential sale of Atrium and StarStone
19th September 2018
Enstar has announced that it is “no longer assessing market interest” regarding the potential sale of its active underwriting businesses, Atrium and StarStone. The insurance, reinsurance and run-off specialist revealed in June said that it had, alongside fellow investor Stone Point Capital LLC, engaged an investment bank to assess interest ... Read the full article
StarStone establishes new casualty consortium for Australian market
13th August 2018
International specialty insurance firm StarStone has launched a new casualty consortium targeted at the Australian and New Zealand markets, led by StarStone's Casualty Underwriter, Mark Hunt. StarStone Underwriting Australia Pty Limited, StarStone’s Lloyd’s coverholder in Australia, has already begun underwriting this facility on behalf of a consortium of Lloyd’s syndicates. The company ... Read the full article
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