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Insurance
Bermuda-based Everest Re CEO Dominic (Dom) Addesso has explained how the reinsurer miscalculated the cat losses from 2018 which made the company issue a profit warning for its second quarter 2018 results. 1 August 2018
News
Mergers and acquisitions (M&A) in the global insurance industry rose in the first half of 2018 with 186 completed deals worldwide, up from 180 in the second half of 2017, according to Clyde & Co’s Insurance Growth Report mid-year update. 1 August 2018
Insurance
A significant drop in investment income has pushed down Third Point Re’s earnings in the second quarter of 2018 while the Bermuda-based reinsurer managed to reduce the underwriting loss. 1 August 2018
Insurance
Favourable development in prior year loss reserves have given Bermuda-based Arch Capital Group’s earnings a boost in the second quarter of 2018. 1 August 2018
Insurance
Bermuda-based re/insurer AXIS Capital Holdings has launched a new unit under a former Swiss Re hire to accelerate technological innovations and insurtech partnerships at the company. 30 July 2018
Alternative Risk Transfer
Bermuda-based Hiscox has benefitted from rate increases in the first six months of 2018 but the specialist re/insurer warns that the momentum is slowing down. 30 July 2018
Insurance
Bermuda-based PartnerRe has reported lower non-life underwriting profit for the second quarter of 2018 compared to the same period a year ago due to a reduction in prior-year reserve releases. 28 July 2018
News
Renaissance Re CEO Kevin O'Donnell said during the reinsurer’s second quarter 2018 earnings call that he sees “reasonable tailwind” for business. 26 July 2018
Insurance
AXIS Capital delivered a robust set of results in the second quarter with both profits and gross written premiums increasing as the company reaped the rewards of its integration of Novae, which it acquired in 2017, and positive reserve development. 26 July 2018
Insurance
Profits and gross written premiums dipped at Lancashire Holdings in the second quarter of 2018. But the company said it has taken advantage of rate increases and remained positive as its chief executive suggested more wind losses this year could begin to dampen appetites in the market, reducing capacity. 26 July 2018
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