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Insurance
Bermuda-based re/insurer RenaissanceRe reported a net loss of $504.8 million for the third quarter of 2017 as the company had to absorb significant natural catatastrophe losses from hurricanes and earthquakes. 1 November 2017
Insurance
Bermuda-based Blue Capital Reinsurance Holdings reported a combined ratio of 455.7 percent for the third quarter of 2017, a significant deterioration compared to the 63.5 percent recorded in the same period a year ago. 31 October 2017
Insurance
Bermuda-based Arch Capital Group said AIG-affiliated shareholders are selling an additional 707,210 common shares in Arch at a public offering price of $92.50 per common share, less underwriting discounts and commission. 20 June 2017
News
New Reinsurance Company (NewRe) is eyeing significant growth potential outside the subdued European traditional property/casualty (P&C) segment, especially in life business, weather risk and structured solutions, Renate Strasser, chief executive of NewRe, told Baden-Baden Today. 22 October 2018
Insurance
Fitch Ratings has reduced the outlook for Cayman Islands-based XL Group subsidiary XL (XLIT) and its property/casualty re/insurance subsidiaries to negative after “a meaningful deterioration in capitalization” following third-quarter nat cat losses. 30 October 2017
Insurance
Digital Partner, a unit of Munich Re, has entered into a partnership with insurtech company Drover to launch a tailor-made product for ride-sharing drivers and fleet owners. 6 September 2017
Insurance
TransRe’s parent Alleghany Corporation has estimated its pre-tax loss relating to Hurricane Matthew which hit North America at the beginning of October at less than $75 million. 18 November 2016
Insurance
QBE Insurance has appointed Inder Singh, currently chief financial officer of its Australian and New Zealand Operations (ANZO), as interim ANZO CEO. 27 October 2017
Insurance
Re/insurer XL Group has appointed James Nevels to the company's board of directors. 27 October 2017
Insurance
Willis Towers Watson has appointed John Morley to lead the global development of its systems integration and workflow platform 'Unify'. 5 September 2017
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