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Insurance
There have been several interesting transactions in the past six months as a number of serial consolidators have looked to take advantage of a growing desire on the part of insurers to move certain blocks of business off their books 10 May 2017
Insurance
Bermuda-based specialty lines re/insurance provider AXIS Capital has said that its chief financial officer Joseph Henry will retire at the end of 2017 and that he will be replaced by AXIS Insurance chief operating officer Peter Vogt. 10 May 2017
Insurance
Bermuda-based mortgage insurance provider Essent Group has announced that Adolfo Marzol has resigned from its board of directors. 10 May 2017
Insurance
As more insurers regard the use of run-off as a mainstream strategic tool, so investors have responded—backing the launch and growth of specialist consolidators geared up to buying and managing portfolios of business in run-off. Intelligent Insurer reports. 10 May 2017
Insurance
At the start of 2017 Premia Holdings, a company dedicated to the run-off market, was founded on Bermuda with $500 million of capital—a deal that represented one of the biggest capital raisings in the sector. In an interview first published in sister publication Bermuda:Re+ILS, CEO Bill O’Farrell explains why he expects fast growth in the run-off sector. 10 May 2017
Insurance
Maiden Holdings enjoyed solid growth in the first quarter of the year though its profits were dented by higher expenses and casualty losses. 9 May 2017
Insurance
Bermuda-based mortgage insurance provider Essent Group has expanded its business in the first quarter of 2017, helping to lift profits. 8 May 2017
Insurance
Markel CATCo Investment Management has appointed Alissa Fredricks as chief risk officer, and Simon Moore as co-chief underwriting officer alongside Lindsay Watson. 8 May 2017
News
Bermuda-based property/casualty reinsurer Third Point Re has reported a profit in the first quarter of 2017 after a loss in the same period a year ago due to significant improvements in investment returns. 5 May 2017
Insurance
Ratings agency AM Best has placed OneBeacon Insurance Group and its subsidiaries "under review with positive implications" following its acquisition by Intact Financial Corporation. 5 May 2017
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