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Insurance
Liberty Mutual Insurance has completed the acquisition of 100 percent ownership interest in Bermuda-based specialty property/casualty insurer Ironshore from Chinese conglomerate Fosun International. 2 May 2017
Insurance
Bermuda-based Validus Holdings has completed the acquisition of Archer Daniels Midland (ADM) Company’s Crop Risk Services (CRS) business. 2 May 2017
Insurance
Bermuda-based Validus Holdings recorded a sharp drop in net income on lower underwriting income and a deteriorating combined ratio. 27 April 2017
Insurance
Hamilton Re, the Bermuda-based property/casualty reinsurer of Hamilton Insurance Group, has reshuffled certain senior management roles and hired new executives to diversify its portfolio. 27 April 2017
Insurance
Axis Capital has seen its net income drop in the first quarter of 2017 as the reinsurance underwriting profit plummets. 27 April 2017
Insurance
Bermuda-based Aspen Insurance has reported a drop in net income for the first quarter of 2017 as underwriting profitability deteriorates. 27 April 2017
Insurance
The chief executive and director of Blue Capital Reinsurance Holdings, which is owned by Endurance, has resigned with immediate effect. 26 April 2017
Insurance
Arch Capital Group enjoyed improved profits and strong growth in the first quarter of 2017 mainly driven by the strong performance of its growing mortgage business. Its reinsurance unit shrank slightly. 26 April 2017
Insurance
Re/insurers in Bermuda and the US that cover bodily injury claims in the UK will adapt quickly to the higher costs stemming from a change in how settlements are calculated, with just a short-term knock to their earnings, according to a report by Fitch Ratings. 26 April 2017
Insurance
NMI Holdings said that its subsidiary National Mortgage Insurance Corporation is preparing for a capital markets-based reinsurance transaction with a newly-formed Bermuda special purpose insurer to purchase $211.3 million of excess of loss reinsurance protection. 25 April 2017
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