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RenaissanceRe Holdings (RenRe) has reported net income of $69.4 million in the fourth quarter of 2016, a fall from the $92.2 million it reported in the fourth quarter of 2015. However, the Q4 figures take RenRe’s total 2016 net income to $480.6 million, up on the $408.8 million it made in 2015.   1 February 2017
Insurance
Validus Holdings has agreed to buy the crop insurance general agent of Archer Daniels Midland (ADM) for $127.5 million in cash.   31 January 2017
News
Alphacat Managers, the third party reinsurance capital management subsidiary of Validus, has increased its third party assets under management (AUM) by 20 percent on the back of what its CEO called strong investor support.   13 January 2017
Insurance
RenaissanceRe has become the latest Bermuda-based reinsurer to form a sidecar, following in the footsteps of Liberty Mutual and Aspen, which launched or renewed sidecars in December last year.   4 January 2017
Insurance
2016 has again been a benign year in terms of large catastrophe losses, but geopolitical developments have added new challenges to the sector. Intelligent Insurer asked executives from re/insurance firms including Swiss Re, Argo, AM Best and Willis Re for their opinions on the most important developments in the re/insurance industry in 2016.   21 December 2016
Insurance
RenaissanceRe’s senior vice president, chief investment officer and treasurer, Todd Fonner is stepping down as of end of March 2017; the company is now assigning his responsibilities to two of its senior executives.   14 December 2016
Insurance
Edward Noonan, the chairman and chief executive of Validus Holdings, has sold 273,000 shares of the company's common stock in open market – but has stressed that he did not want to sell the shares.   13 December 2016
Insurance
The Singapore Reinsurers’ Association (SRA) has appointed Validus Re’s executive vice president and CEO of Asia Pacific, Marc Haushofer, to become its chairman, effective January 2017.   6 December 2016
Insurance
Talbot Underwriting, a subsidiary of Bermuda-based Validus Holdings, has appointed a dedicated team of cyber underwriters.   2 December 2016
Insurance
Pool Re, a mutual reinsurer that provides terrorism cover for commercial property in the UK, has appointed Stephen Burr as head of actuarial services.   24 November 2016

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