News relating to the Bermuda and international insurance and reinsurance industry.
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.
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.
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 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 Group has announced that Enstar Holdings (US) has acquired BorgWarner Morse from BorgWarner.
Blue Capital Reinsurance Holdings has reported its results and financial position for the third quarter of 2019.
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 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.
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 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.