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AXIS Capital Holdings has become the latest reinsurer to post improved profits based on its performance last year. The company made a net profit of $684 million compared with $495 million in 2012, an increase of some 38 percent. 5 February 2014
News
RenaissanceRe reported a 15 percent increase in net income in 2013 making $665.7 million compared with $566 million in 2012, despite the market becoming increasingly competitive. 5 February 2014
News
A new reinsurer has been formed on Bermuda led by Greg Morrison, the former chief executive of Platinum Underwriters. It will operate through MultiStrat Re, a platform formed by Taussig Capital to help hedge funds and other investors tap into the reinsurance space. 5 February 2014
Insurance
Platinum Underwriters Holdings posted solid results for 2013 but its chief executive warned that challenges await the company in 2014 on both the underwriting and investment sides of the business. 5 February 2014
News
Alastair Campbell will succeed Paul McNamara as chairman of the group audit committee and member of the group remuneration committee following his retirement from the board of Randall & Quilter Investment Holdings. Campbell will also assume the role of executive vice president. 4 February 2014
Insurance
Bermuda-based re/insurer Endurance Specialty Holdings has appointed Rennie Muzii as senior vice president to lead the company’s professional lines business. He will report to Daniel Wadley, executive vice president, Endurance Pro. 4 February 2014
News
PartnerRe ramped up its non-cat non-life business in the fourth quarter of 2013, increasing net premiums written by 29 percent to $1.2 billion, as the company drives growth through new business segments. 4 February 2014
Insurance
Ironshore International has appointed Chris Horton as director of underwriting for US liability risks. 3 February 2014
News
Kane SAC (Kane SAC), a subsidiary of Kane, the largest global independent insurance manager, has completed a $50 million deal using its independent private catastrophe bond platform. 27 January 2014
News
Kinesis Capital Management, the capital management division of Lancashire Holdings, has now started underwriting fully collateralised reinsurance business on behalf of Kinesis Reinsurance I, a Bermuda domiciled special purpose insurer, the company has revealed. 23 January 2014
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