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Mandarin Re appoints Rafael Vargas Palomo to drive growth in Latin America

Labuan-headquartered property and specialty lines reinsurer, Mandarin Re, has hired Rafael Vargas Palomo from Munich Re as Underwriter for Latin America. In his new role, Vargas will drive Mandarin Re’s growth in Latin America, strengthening the firm’s already established network of underwriting specialists and distribution experts. Vargas is a structural engineer by training, and has…

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GBLI appoints Jessica Buss to its Board of Directors

Global Indemnity Group, LLC (GBLI) has announced the appointment of Jessica Buss to its Board of Directors, effective 26 October 2026. Buss succeeds Bruce Lederman, who has retired from the Board after serving two tenures. He initially joined in 2015 and most recently chaired its Enterprise Risk Management Committee. Saul Fox, founder and Chairman of…

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AM Best assigns credit rating to Ascot Insurance Guernsey

AM Best has assigned Ascot Insurance Guernsey Limited (Guernsey), a wholly reinsured subsidiary of Ascot Bermuda Limited (Ascot Bermuda) (Bermuda), a Financial Strength Rating (FSR) of A (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a+” (Excellent), with a stable outlook for these ratings. At the same time, AM Best affirmed Ascot Bermuda’s…

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