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Insurance
Universal Insurance Holdings (UVE) has sold 583,771 shares of common stock to RenaissanceRe Ventures, a subsidiary of RenaissanceRe in a private placement. 29 April 2016
Insurance
Re/insurance holding company Validus Holdings has reported a dip in its net income for the first quarter of the year to $166.8 million, compared with $173.4 million in the first quarter of last year. 29 April 2016
Insurance
Arch Capital has reported a net income of $149.3 million for the first quarter of 2016, down from $277.9 million in the same period of 2015. 28 April 2016
Insurance
XL Group has reported a net income of $21.9 million for the first quarter of 2016, down from $36.3 million in the first quarter of 2015, affected by natural catastrophe losses and integration costs. 28 April 2016
Insurance
Ironshore Pembroke Managing Agency is offering product contamination recall insurance, focusing on risk exposure within the food and beverage industries. 28 April 2016
News
RenaissanceRe Holdings (RenRe) has reported a net income of $128 million in the first quarter of 2016, down from a net income of $167.8 million in the first quarter of 2015. 27 April 2016
Insurance
AXIS Capital Holdings has reported a fall in its net income for the first quarter of 2016, to $38 million, compared with $156 million, for the first quarter of 2015, weighed down by weak investment results. 27 April 2016
Insurance
American International Group (AIG), Hamilton Insurance Group, and affiliates of Two Sigma Investments, have entered into a non-binding memorandum of understanding (MoU) to form a joint venture that will establish a technology-enabled, customer-centric insurance platform for the small to medium-sized enterprise (SME) market. 27 April 2016
Insurance
Bermuda-based Everest Re Group has reported first quarter 2016 after-tax operating income of $222.7 million, down from the $329.9 million it made in the first quarter of 2015. 26 April 2016
Insurance
Randall & Quilter (R&Q), a specialist non-life insurance investor, reported a pre-tax profit of £2.8 million for 2015, a dramatic improvement from its loss of £1.6 million in 2014. 25 April 2016
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