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Qatar Re has walked away from unprofitable business but was able to find attractive replacement, allowing the Bermuda-based reinsurer to grow its gross written premiums by 8.1 percent to $1.25 billion in 2016. 24 February 2017
News
Bermuda-based Qatar Re boosted net income by 52.3 percent to $38.0 million in 2016, driven by an improvement in net investment income. 24 February 2017
Insurance
Bermuda-based XL Group has appointed global corporate controller Stephen Robb as the new chief financial officer (CFO), succeeding Peter Porrino, who is set to retire in May 2017. 23 February 2017
Insurance
Net realised and unrealised gains on investments were the biggest influencing factor on PartnerRe's 2016 results, helping the reinsurer to a big increase in its profits as its book shrunk slightly. 22 February 2017
Insurance
Bermuda-based Ironshore International has increased the capacity for its terrorism and sabotage offerings to $400 million from the current limit of $375 million, following the rise in such attacks worldwide. 22 February 2017
Insurance
Bermuda-based XL Group's board of directors has approved a new share buy-back programme, authorising the company to repurchase up to $1 billion of common shares. 20 February 2017
Insurance
Bermuda-based Enstar Group has entered into an agreement to sell its subsidiary Pavonia Holdings for $120 million to an undisclosed affiliate of Global Bankers Insurance Group, the re/insurance group of companies of Eli Global. 20 February 2017
Insurance
A planned corporate tax reduction and a tax on imports in the US would benefit local entities but impact companies based outside the country such as in Bermuda, leading to changes in companies’ operating structures, according to AM Best. 20 February 2017
Insurance
Specialty re/insurance provider Lancashire Holdings has called 2016 a difficult year, with net operating profits falling 17 percent compared to 2015. 16 February 2017
Insurance
Bermuda-based holding company James River Group (JRG) has announced that its profits increased by 16.7 percent in 2016 compared to 2015. 16 February 2017
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