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Bermuda-based Third Point Re made a loss in the first quarter of 2018 as investment income plummeted and underwriting continued producing losses, but CEO Rob Bredahl promised improvements “over time”. 10 May 2018
Insurance
Profitability will remain under pressure for Bermuda reinsurers following a trying 2017, though the collective strength of the sector should remain largely intact, according to Fitch Ratings' latest peer review of the sector. 8 May 2018
Insurance
Bermuda-based property and casualty re/insurer Sompo International Holdings (SIH) has completed the integration of Sompo Japan Nipponkoa Insurance Company of Europe (SJNKE) on May 1 with SJNKE becoming a wholly-owned subsidiary of SIH. 8 May 2018
Alternative Risk Transfer
Bermuda-based specialist insurer Hiscox has grown gross written premiums by 24.3 percent year on year to $1.16 billion in the first quarter of 2018 as Hiscox London Market and Hiscox Re & ILS took advantage of the hardening market at the Jan. 1 renewals. 8 May 2018
Insurance
Argo Group posted strong growth in the first quarter of 2018 driven by its liability, professional and speciality lines in both its US and international books of business. Its profits dipped slighted because of higher expenses and changes in the value of its equity securities. 4 May 2018
Insurance
As it prepares to be taken over by AXA, Bermuda-based XL Group posted stable profits in the first quarter of 2018 while also enjoying solid growth in gross written premiums driven by rate increases. 3 May 2018
Insurance
Validus Holdings unit Talbot Underwriting has hired from Zurich Insurance and Ironshore as it expands the global political risk and credit operations. 3 May 2018
Insurance
Profits fell at Bermuda-based Aspen Insurance Holdings in the first quarter because of net realized investment losses but the company also enjoyed solid growth in its gross written premiums, writing more than $1 billion worth of premium in the quarter for the first time. 3 May 2018
Insurance
Rate increases and a benign loss environment combined to help specialty insurance provider Lancashire Holdings increase profits while growing gross premiums written in the first quarter of 2018 although its CEO warned that the demand-supply dynamic has not shifted sufficiently to bring about fundamental rate changes across the board. 3 May 2018
Insurance
Bermuda-based Arch Capital's growth in the first quarter of 2018 was driven by its reinsurance segment and specifically growth in international motor contracts. 2 May 2018
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