According to the latest Bermuda Insurance-Linked Securities (ILS) Market Report, ILS issuance contracted for the second year in a row in 2016. 9 March 2017
Specialist insurer Novae, which is based in London and Bermuda, made a pre-tax profit of £23.7 million for full year 2016, a fall from the £52.4 million that it made in 2015. 9 March 2017
Manning Rountree has been appointed as class III director at OneBeacon Insurance Group. He succeeds Ray Barrette who has retired from the company and its parent White Mountains. 8 March 2017
Bermuda-based Enstar Group has announced the pricing of $350 million aggregate principal amount of its 4.500 percent senior notes, which are due in 2022. 8 March 2017
Hinal Patel will become the new group chief financial officer (CFO) of Bermuda-based holding company Fidelis Insurance with effect from June 30. 7 March 2017
XL Catlin has announced details of the family leave benefits that it is offering employees as a part of its ongoing diversity and inclusion strategy. 7 March 2017
AXIS Capital Holdings has predicted that it could be hit with a bill of up to $50 million from the recent decision to slash the Ogden rate by more than was anticipated. 6 March 2017
Humberto Cabrera has joined PartnerRe as its new head of Latin America. According to the company he will lead the development of company's business in the region. 6 March 2017
MS Amlin, which has a presence on Bermuda, has confirmed its ongoing expansion into the Latin American market with the appointment of Frank Padilla, as senior international casualty underwriter based in Miami. 6 March 2017
The Bermuda-based reinsurance operations of Global Indemnity enjoyed strong growth in 2016 – in stark contrast the firm’s other business, which saw declines in gross written premiums. 3 March 2017
