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Everest Re made a net profit of $88.6 million in the quarter a big drop on the $274.9 million it made in the same period a year earlier. 27 October 2015
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Fidelis Insurance has hired three senior executives one of which joins as the company’s Bermuda chief executive officer. One has joined from Catlin and two from Amlin Bermuda. 26 October 2015
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Bermuda-based insurance manager Horseshoe Group has formed a new unit designed to help asset managers form their own reinsurance company without significant start-up costs. 26 October 2015
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ACE, which has operations in Bermuda, has announced its shareholders have voted in favour of all proposals related to the company’s previously announced agreement to acquire The Chubb Corporation at a special meeting. 23 October 2015
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The Bermuda Insurance Institute (BII) has celebrated the success of its recent Bermuda Insurance Market Conference (BIMC). 23 October 2015
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Bradley Kading, president and executive director of the Association of Bermuda Insurers and Reinsurers (ABIR) praised the Brazilian Government’s recent announcement to phase out mandates on local reinsurance operations that currently limit the availability of affiliate reinsurance in the country and limit cross border trade with unaffiliated reinsurers. 22 October 2015
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Insurance firm ACE, which has operations in Bermuda, has seen a large fall in its profits for the third quarter of 2015. 22 October 2015
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US-based Arch Insurance Group, a member of Bermuda-based re/insurance provider Arch Capital Group, has appointed Mark Lange as senior vice president of property and casualty (P&C) programmes. 21 October 2015
ILS
Bermuda has overtaken the Cayman Islands as the main domicile for insurance-linked securities (ILS) vehicles, according to the latest Willis Capital Markets & Advisory (WCMA) report. 21 October 2015
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Provider of investment solutions Athene Holding, together with its subsidiaries, has appointed Martin (Marty) Klein as chief financial officer (CFO) of Athene effective November 9, 2015. 20 October 2015
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