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Endurance Specialty Holdings has announced that its common and preferred shareholders have voted in favour of the proposed merger of Endurance with and into Volcano International, an indirect, wholly owned subsidiary of SOMPO Holdings (SOMPO). 30 January 2017
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Reinsurers’ profitability is being threatened by pricing as combined ratios suggest that the industry is getting close to reporting underwriting losses, according to Fitch Ratings. 27 January 2017
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AXIS Capital Holdings has created AXIS Specialty Underwriters, based in Miami (AXIS Miami), to be its Latin American and Caribbean (LAC) regional coverholder for AXIS Syndicate 1686. 27 January 2017
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Sirius, the Bermuda-based holding company, has launched new primary surety and environmental platforms after hiring two experienced executives from Tokio Marine and Great American Insurance Group. 27 January 2017
ILS
The insurance-linked securities market saw non-life ILS capital grow in 2016, according to the latest ILS Market Update from Willis Capital Markets and Advisory. 26 January 2017
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Ascot Underwriting has confirmed that Ian Thompson, Nick Williamson, and Justin Keith will be moving from Hiscox Re to Ascot on 1 March to underwrite healthcare, casualty treaty, and specialty Reinsurance business. 26 January 2017
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Bermuda-based Everest Reinsurance has joined forces with industry veterans Glen and Todd Welch to form Salus Systems, a strategic partnership aimed at reducing workplace injuries. 26 January 2017
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Chubb, which was acquired by ACE in 2016 and has a significant Bermuda presence, has made strategic promotions in its Eurasia and Africa leadership team to target growth in the emerging region with immediate effect. 25 January 2017
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XL Catlin has been given permission to open an onshore reinsurance branch office in India, after getting final approval from the Insurance Regulatory Development Authority of India (IRDAI). 25 January 2017
News
A new report by JLT Re claims that there were some signs of the influx of capital into the reinsurance industry easing in the year-end renewals while demand for reinsurance also increased slightly. 24 January 2017
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