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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
News
Bermuda-based Everest Re Group has reported a jump in premium and profitability in the first quarter of 2017. 25 April 2017
Insurance
Hamilton Re, the Bermuda-based property/casualty reinsurer of Hamilton Insurance Group, has agreed to acquire the renewal rights to Canopius Underwriting Bermuda's (Sompo Canopius) excess casualty insurance book of business. The transaction is expected to close mid-year. 24 April 2017
Insurance
Profits at Randall & Quilter, the Bermuda based specialist non-life insurance investor, almost tripled last year on the back of it completing 15 legacy transactions during 2016 and further net reserve releases from insurance companies in run-off. 20 April 2017
Insurance
Bermuda-based Athene Holding has raised €2.2 billion common equity investment to support capital and reinsurance transactions in the German and European guaranteed life insurance run-off market. 19 April 2017
Insurance
Bermuda-based specialist insurer Hiscox has appointed Ian Penny as chief information officer (CIO) for the Hiscox Group. He takes over from interim CIO Gareth Wharton who is joining a new Hiscox cyber initiative. 19 April 2017
Insurance
Bermuda-based Argo Group International Holdings said that it expects its 2017 first-quarter results to be impacted by non-recurring charges totalling $16.5 million. 18 April 2017
News
Bermuda-based RenaissanceRe Holdings (RenRe) has estimated that the pre-tax impact of the Ogden rate change on its carried reserves is approximately $30 million, and will be recognised in the first quarter of 2017. 13 April 2017
News
Bermuda-based Third Point Reinsurance has appointed David Govrin to the position of executive vice president, underwriting for its US subsidiary. 11 April 2017
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