News relating to the Bermuda and international insurance and reinsurance industry.
Markel acquires commercial insurance broker in the UK
Markel UK has acquired Caunce O’Hara & Company, a commercial insurance broker that offers a full range of insurance products and risk management services to freelance professionals, contractors, SME’s, large corporate clients and high net worth individuals.
Q3 non-life ILS capacity at near-record high of $27.3bn: Willis
The value of non-life capacity issued and outstanding at the end of the third quarter was at a near-record high of $27.3 billion, exceeded only by the year-end figure of $27.8 billion for 2018, according to the new ILS Market Update from Willis Re Securities.
Argo International unveils new structure; three execs report to Rehnberg for Americas
Bermuda-based specialty re/insurer Argo Group International Holdings has unveiled a new reporting structure led by three newly appointed executive vice presidents. They will report to Kevin Rehnberg, president, group chief administrative officer and head of the Americas for Argo.
Argo warns that Q3 figures will be hit by loss items
Argo Group International Holdings has warned that its results for the third quarter of 2019, which will be released on November 7, will be adversely affected by several loss items, primarily related to its international operations.
Enstar buys second non-insurance company
Enstar Group has announced that Enstar Holdings (US) has acquired BorgWarner Morse from BorgWarner.
Blue Capital Re continues run-off proceedings; releases Q3 figures
Blue Capital Reinsurance Holdings has reported its results and financial position for the third quarter of 2019.
Markel results stay steady despite losses
Markel Corporation has reported operating revenues of $2.0 billion for the third quarter of 2019, down slightly on the $2.2 billion that it made in the third quarter of 2018.
Watford Q3 2019 income battered by losses
Watford Holdings has reported third quarter 2019 net income of $0.2 million, a fall of 99 percent from the $18.8 million it made in the same period of 2018.
Benchimol disappointed by Q3 2019 AXIS results
AXIS Capital Holdings made a profit of $28 million for the third quarter of 2019, a 35 percent fall from the $43 million profit the company posted for the same period of 2018.
Arch announces profit spike for Q3 2019
Arch Capital Group has announced a third quarter 2019 profit of $382.1 million, a 76 percent increase on the $217.0 million it made for the third quarter of 2018.
