Bermuda-based Montpelier Re posted operating profits of $36 million for the second quarter of 2014, down from $49.6 million in the same period of 2013.
Arthur J Gallagher has appointed Vishal Jain, who currently oversees the company's service centre operations, as chief service officer.
Re/insurer Hiscox’s profits fell 31 percent in the first half of 2014 as adverse foreign exchange movements, a soft market and UK floods took their toll.
Endurance’s attempted takeover of Aspen has come to a standstill as Endurance fails to secure the required support.
The Brazilian reinsurance market has grown at a cumulative real growth rate of 29 percent since the opening of Brazil’s reinsurance market to competition in 2008, following the break of state-controlled IRB Brasil Resseguros' (IRB) former monopoly.
Lloyd’s re/insurance broker RFIB Group has appointed Malcolm Gray as a divisional director of its marine international division.
Supercover, the specialist insurance broker and claims administrator, has joined the burgeoning retail arm of the Markerstudy portfolio of businesses in a deal worth over £20 million.
Bermuda-based Blue Capital Re, a provider of collateralised reinsurance in the property catastrophe market, has posted its first half year results.
Aon Benfield’s revenues dropped in the second quarter of 2014 on the back of what it called an unfavourable market impact on treaty business and a decline in its facultative placements.
UK insurance broker Brightside Group has been acquired by AnaCap Financial Partners, a specialist European financial services private equity firm.