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Bermuda-based Third Point Re has swung to profit in the fourth quarter of 2017 and saw its full year 2017 results jump due to investment profits while underwriting produces losses. 1 March 2018
Insurance
New York-based AmTrust Financial Services closed the transfer of a 51 percent equity interest in certain of its US-based fee businesses to private equity firm Madison Dearborn Partners. 1 March 2018
Insurance
New Zealand-based general insurer Tower has entered into a $22 million settlement agreement with Hong Kong's Peak Re regarding an adverse development cover policy entered in 2015. 1 March 2018
Insurance
Broker Jardine Lloyd Thompson Group (JLT) has acquired US-based trade credit and political risk broker International Risk Consultants (IRC) to further strengthen its US specialty business. 1 March 2018
Insurance
Bermuda registered a total of 58 new insurers in 2017, ranging from captives and long-term re/insurers to special purpose insurers (SPIs). 1 March 2018
Insurance
UK mutual reinsurer Pool Re has extended its retrocession programme cover to include material damage and direct business interruption (BI) caused by acts of terrorism using remote digital interference at renewal. 1 March 2018
Insurance
Willis Towers Watson has appointed Roger Steel as managing director for Hong Kong and Macau, along with two other key hires for its Corporate Risk & Broking and Talent & Rewards businesses in Hong Kong. 23 February 2018
Insurance
Japanese conglomerate SoftBank is seeking to join Swiss Re’s board as it negotiates the acquisition of a minority stake in the reinsurer, according to a Feb. 18 Financial Times report. 19 February 2018
Insurance
Aspen Insurance has closed its Bermuda-based US property insurance unit following high natural catastrophe losses in 2017 that included the recent wildfires in California. 19 February 2018
Insurance
AM Best has revised the outlooks to negative from stable of AXIS Capital Holdings and its operating subsidiaries, according to a Feb. 16 press release. 19 February 2018
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