Members of the Association of Bermuda Insurers and Reinsurers (ABIR) wrote more business, strengthened their capital positions and were increasingly profitable in 2013, according to a report by the association.
Willis North America, a unit of risk advisor and broker Willis Group, has appointed Ronald Leopold as national practice leader, health outcomes, in Willis’s human capital practice.
VIG Re, the Czech Republic-based reinsurer, posted stable profits in 2013 despite a drop in its premiums written for the year and a drop in profits due mainly to high losses from various natural catastrophe events in central Europe last year.
CMC Europe, a banking sector consultancy firm, has a new consultancy business focused on helping the re/insurance sector focus on regulatory change.
The insurance industry is concerned that uncertainty regarding the renewal of the Terrorism Risk Insurance Act (TRIA), which expires at the end of this year, could affect the affordability and availability of terrorism risk insurance.
Randall & Quilter (R&Q), the insurance services and investment company, has posted solid results for 2013 in line with expectations despite slower than expected premium development on its active managed syndicates and a weaker result than originally anticipated in its underwriting management division.
Qatar Insurance Company, which earlier this year secured access to Lloyd’s through the acquisition of Antares, enjoyed solid growth and a big jump in its net profit for the first quarter of 2014.
Brazilian insurer Austral Seguradora has launched a new type of insurance policy designed to cover third-party liability during the period of construction, exploration or production of oil and gas in Brazil.
HCC International Insurance Company has made two new non-executive appointments, following the retirement of John Bishop.
RPX Corporation, a provider of patent risk management solutions and a coverholder at Lloyd’s, has launched a new insurance product for businesses facing patent infringement litigation with non-practicing entities (NPEs).