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Reinsurers are now twice as likely to report an underwriting loss due to natural disaster as they were in 2012, according to a new statement from rating agency Standard & Poor’s (S&P), adding that while reinsurers' balance sheet exposure to extreme natural events remains largely unchanged, earnings exposure has increased to 0.85x from 0.69x. 15 August 2017
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Fidelis Insurance has highlighted the importance of the appointment of a chief risk officer to its board of directors. 14 August 2017
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The parent company of Bermuda-based reinsurer Qatar Re is preparing to list one of its other subsidiaries on the Muscat Securities Market, the stock exchange in Oman. 14 August 2017
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Bermuda-based Endurance helped boost the earnings of its new parent Sompo Holdings in the period April and June 2017. 11 August 2017
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Specialist insurer Novae, which is based in London and Bermuda, has appointed Adam Cragg as group chief operating officer. 11 August 2017
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AGER Bermuda, the holding company of the European operations of Athene Holding, is to acquire Aegon’s Dublin-based subsidiary Aegon Ireland as it moves to increase its financial flexibility. 10 August 2017
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AXIS Insurance, part of AXIS Capital, has partnered with The Renewables Consulting Group (RCG) on a report that highlights the importance and potential for insurers within the energy storage market globally. 10 August 2017
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As Bermuda reinsurer Maiden Holdings slipped into a loss in the second quarter of 2017, Art Raschbaum, chief executive of Maiden, moved to address the issue by stressing the company has taken action on several fronts. 9 August 2017
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Robert Bredahl has been appointed new chief executive officer of Third Point Reinsurance USA, replacing John Berger who has stepped down from the position, but will continue to serve as chairman of the company board. 9 August 2017
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Willis Towers Watson has appointed Susan Lane as director, consulting and development for North America and senior captive consultant, part of the company’s global captive practice. 9 August 2017
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