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Insurance
The recent influx of third-party capital could damage Bermuda’s re/insurers by adding fuel to the fire of already increased competition. 30 April 2014
Insurance
AXIS Capital enjoyed some growth in its first quarter results, especially in its reinsurance book. But a mixture of lower investment income and property losses hit its profitability as its CEO warned on weaker market conditions. 30 April 2014
News
Hamilton Insurance Group has appointed Kathleen Reardon to the position of chief executive officer of Hamilton Re, the group’s Bermuda-based property casualty reinsurer. 29 April 2014
Insurance
Insurer ACE has launched an enhanced global directors & officers (D&O) liability proposition for multinational organisations. 28 April 2014
News
Bermuda-based re/insurer Endurance Specialty has appointed Clifford Easton, formerly of Axis Capital, as executive vice president and global head of energy insurance. 25 April 2014
News
Everest Re posted strong growth but a drop in its net profits in its results for the first quarter of 2014. But its chief executive also warned on challenging market conditions and noted that alternative reinsurance capacity is increasingly part of its strategy in both an offensive and defensive way. 24 April 2014
Insurance
Against a backdrop of its increasingly public battle for control of the company with Endurance Speciality, Aspen Insurance posted solid results for the first quarter of 2014. The company saw growth of more than 10 percent and an increase in its profits, driven partly by increased traction in its US insurance business. 24 April 2014
Insurance
Bermuda based re/insurer AXIS Capital has appointed David Phillips, formerly head of investments for PartnerRe, as executive vice president and chief investment officer. 23 April 2014
Insurance
Bermuda-based re/insurer Endurance Specialty has appointed Richard Housley, formerly of ANV’s Lloyd’s syndicate, as executive vice president and global practice leader for property insurance. 23 April 2014
Insurance
Platinum Underwriters Holdings has increased the authorised amount under its existing share repurchase programme to a total of up to $250 million of its common shares. This represents an increase of approximately $154.8 million from the approximately $95.2 million remaining in the programme through April 22, 2014. 23 April 2014
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