BF&M gets A rating from Best

AM Best Best affirmed the financial strength ratings of three BF&M companies. It gave a financial strength rating  and issuer credit ratings (ICR) of “a” of BF&M Life Insurance Company Limited and BF&M General Insurance Company Limited. Best also has affirmed the ICR of “bbb” of the parent, BF&M Limited.

PartnerRe buyback

PartnerRe Ltd. has approved a share repurchase of up to 6 million common shares, effective immediately. This authorization supercedes the company’s previous authorization of March 2013.

Montpelier

Montpelier Reinsurance Ltd. has launched the Montpelier Risk Institute (MRI), a virtual risk institute that will leverage the complementary capabilities of scientists and insurance specialists to target new methods for quantifying risk. They will partner with the University of Western Ontario, the affiliated Institute for Catastrophic Research and several private research institutions in Europe.