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The company was founded in 2006, with more than $1 billion in equity, by Robert Clements and his son John Clements, two long-time insurance investors. [ 7 ] [ 8 ] [ 9 ] Ironshore named Kevin Kelley as CEO in December 2008.
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Bermuda is an associate member of CARICOM. Bermuda's economy is based on offshore insurance and reinsurance, and tourism, the two largest economic sectors. [1] [2] Bermuda had one of the world's highest GDP per capita for most of the 20th century [3] and several years beyond. Recently, its economic status has been affected by the global recession.
With AIG since 2000, Mr. Johnson has held high-level underwriting, sales, and managerial roles, including President of Cat Excess Liability, a division of Lexington Insurance Company; and Regional ...
American International Group, Inc. (AIG) is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. [6] As of 2023, AIG employed 25,200 people. [2]
The Bermuda hub consists of the operations of Catlin Bermuda (Catlin Insurance Company Ltd.), which underwrites property and casualty treaty reinsurance and selected classes of specialty insurance. The United States hub, which trades under the Catlin US brand, includes business underwritten by Catlin's 17 US offices.
Lexington Insurance Company announced that they will discontinue home insurance, sending another 8,000 property owners to search for a new insurer. Lexington specialized in homes worth $1+ million and Citizens will only insure property values less than $700,000, so Citizens was not an option. [29]
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