News relating to the Bermuda and international insurance and reinsurance industry.
Arch Worldwide Insurance Group has selected AIR Worldwide’s Touchstone as its primary modelling solution to help manage catastrophe risk.
The transformation of the Bermuda reinsurance market, and what it may look like in five to 10 years dominated discussions at the PwC Insurance Summit on Thursday November 1.
Sompo International Holdings has announced that it has entered into a strategic partnership with CropTrak, a provider of technology solutions for the food and agriculture markets.
Arch Capital Group is to purchase specialised risk management and insurance programs firm McNeil & Co for an undisclosed sum.
Arch Capital Group has announced a net profit of $217 million in the third quarter of 2018, a significant uptick from the net loss of $52.8 million it made in the same period of 2017.
Canopius has appointed Gabrielle Folliard as head of claims.
Lancashire Holdings has posted a pre-tax loss of $25.3 million in the third quarter of 2018, an improvement on the pre-tax loss of 136.4 million it in the same period of 2017.
Bermuda-based reinsurer RenaissanceRe Holdings (RenRe) reported net income available to its common shareholders of $32.7 million in the third quarter of 2018, compared to a net loss of $504.8 million in the same period a year ago.
Bermuda-based RenaissanceRe Holdings is acquiring Tokio Millennium Re (TMR) for approximately $1.5 billion from its parent Tokio Marine Holdings.
Everest Re Group, has reported third quarter 2018 net income of $205.6 million, up from the net loss of $639.4 million it made in the same quarter of 2017.