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Insurance
Talbot Underwriting, a wholly-owned subsidiary of Validus Holdings, has launched a Lloyd’s consortium for nuclear, biological, chemical and radiological (NBCR) terrorism. 4 November 2016
Insurance
Bermuda-based reinsurer RenaissanceRe almost doubled its net income in the third quarter of 2016 in comparison with the same period of 2015. 2 November 2016
Insurance
Profits at Validus increased in the third quarter of 2016, however, its gross written premiums fell sharply on the back of it reducing its exposure to classes of business experiencing the greatest pressure on pricing. 28 October 2016
Insurance
RenaissanceRe has appointed James Fraser as senior vice president (SVP), chief accounting officer, and Helen James as SVP, global corporate controller. 28 October 2016
Insurance
The potential for hedge fund reinsurers may be waning as a challenging investment environment, a soft market and sophisticated clients challenge the business model. Intelligent Insurer reports. 25 October 2016
Insurance
Harrington Re, the new reinsurance venture by AXIS and alternative asset manager Blackstone, which raised $600 million in July this year, has been warmly received by potential clients so far as it moves into its first renewals, Jay Nichols, the chief executive of AXIS Re, told PCI Today. 24 October 2016
Insurance
Solvency II creates an environment for greater risk-driven management of the re/insurance companies doing business in and with Europe, say Andrew Cox, Matthew Eagle and Eddy Vanbeneden of Guy Carpenter. 19 October 2016
Insurance
The Bermuda Business Development Agency (BDA) and other business bodies including the Association of Bermuda Insurers and Reinsurers have praised the resilience of Bermuda and the speed with which much of its critical infrastructure reopened in the aftermath of Hurricane Nicole. 17 October 2016
Insurance
The persisting economic uncertainty, which has hit some sectors particularly hard, is leading to an increase in credit claims on a scale not seen since the 2008 financial crisis, Kent Chaplin, chief executive officer, Lloyd’s Asia-Pacific, told EAIC Today. 13 October 2016
Insurance
Joining the NatCatDAX Alliance, which has been set up to help increase data availability for natural catastrophe insurance in Asia, represents a unique opportunity for PERILS to establish its presence in the Asia region, Eduard Held, head of products at PERILS, told EAIC Today. 11 October 2016
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