News relating to the Bermuda and international insurance and reinsurance industry.
Blue Capital Reinsurance Holdings has recorded net losses of $6.7 million for the third quarter of 2018 and $3.7 million for the nine months ended September 30, 2018.
American International Group (AIG) has appointed Talbot chief Peter Bilsby as global head of specialty.
Hamilton Insurance is eyeing opportunities in the US small commercial market. This generates some $150 billion in premiums but, as a fragmented market with no dominant players, it is ripe for transformation, according to Pina Albo, chief executive of Hamilton Insurance Group.
American International Group (AIG) has received approval from the High Court of England & Wales to transfer its European business into two new entities, American International Group UK (AIG UK) and AIG Europe (AESA), ahead of Brexit.
AM Best has upgraded the long-term issuer credit ratings of Lancashire Insurance Company and its affiliate, Lancashire Insurance Company (UK) to “a+” from “a” and affirmed the financial strength rating of A (Excellent).
AXIS Capital Holdings has reported net income for the third quarter of 2018 of $43 million, compared to net loss of $468 million for the same period of 2017.
Aspen Insurance Holdings has reported a third quarter 2018 net loss after tax of $15.1 million, an improvement on the net loss of $253.8 million that it made in the same period of 2017.
Fidelis Insurance Holdings is planning to establish a re/insurer in Ireland in a bid to take advantage of opportunities in the European Economic Area.
AXIS Capital Holdings has announced that Elly Hardwick has been appointed to the company’s board of directors, effective November 1, 2018.
Liberty Mutual Insurance is undertaking a strategic review of its London-based Pembroke Managing Agency.