The organisation said the president and CEO of the eponymous modelling company was a “game changer” for the reinsurance industry, and a driving force behind the cat bond market.
AM Best has revised Pennsylvania-based Aegis Security Insurance’s financial strength rating (FSR) to A- from A, and placed the company under review with negative implications.
Masiello currently serves as executive vice president and chief operating officer for SIAA, whose members comprise approximately 13 percent of all independent insurance agencies in the US.