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Insurance
The acquisition of Ariel Re adds the scale Argo needs to cope with the costs of operating within the Lloyd’s market, the company has revealed, stressing that the deal also makes it one of the top 12 underwriters at Lloyd’s. 14 November 2016
Insurance
Digitally-focused new players in the insurance industry are increasingly threatening the market dominance of traditional insurers in a dynamic that could ultimately force the incumbent players to become nothing more than risk carriers, the COO of Hiscox has warned. 11 November 2016
Insurance
Enstar Group, an insurance group based in Bermuda, tripled its earnings in the third quarter of 2016, largely due to the contribution of its non-life run-off segment. 9 November 2016
Insurance
XL Catlin’s North America property insurance business has appointed William Volz as Southern California regional underwriting leader and Mark Flanagan as chief property underwriter, based in Los Angeles and Hamilton, Bermuda, respectively. 8 November 2016
Insurance
Hiscox Group grew many areas of its business in the first nine-months of 2016, however, it anticipates that its London Market segment will shrink in 2017 as it reduces its participation on unprofitable lines of business. 7 November 2016
Insurance
Bermuda-based reinsurer Tokio Millennium Re has appointed Richard Bennison to its board as an independent non-executive director. 7 November 2016
Insurance
Bermuda-based Endurance Specialty Holding has almost tripled its profits in the third quarter of 2016, just a month after agreeing to the proposed deal to be acquired by Sompo. 7 November 2016
Insurance
Assured Guaranty almost tripled its net income in the third quarter of 2016, partially attributed to its acquisition of CIFG Holding. 4 November 2016
Insurance
Third Point Re had a profitable third quarter in 2016, although the premiums written decreased by 30.6 percent compared to the same quarter of 2016. 4 November 2016
Insurance
Maiden Holdings increased its net income substantially in the third quarter of 2016 while the two reinsurance segments it operates through, Diversified Reinsurance and AmTrust Reinsurance, enjoyed solid growth. 3 November 2016
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