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Aspen Insurance Holdings has seen its full year 2016 results fall sharply after reporting a 2016 fourth quarter net loss due to higher catastrophe losses and costs associated with efforts to reposition its insurance segment. 9 February 2017
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XL Catlin’s professional lines team has amended its directors & officers (D&O) coverage in response to recent changes in corporate wrongdoing investigations in the US. 9 February 2017
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Bermuda-based AXIS Capital Holdings has appointed Kelly Dworniczek as vice president, Public D&O and Fiduciary Product Manager, for AXIS Insurance’s commercial management solutions (CMS) team. 9 February 2017
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White Mountains saw its profits rise in 2016 thanks to one-off gains like its sale of Sirius, but conceded that the last quarter of the year had been difficult. 8 February 2017
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Everest Re has reported a slight increase in its 2016 profits, when compared to the previous year, but with the caveat that this increase was driven by its primary business, as its reinsurance book of business remained quite flat. 8 February 2017
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Bermuda-based Enstar Group has announced that one of its subsidiaries has signed an agreement to reinsure RSA Insurance Group UK employers' liability legacy business. 8 February 2017
ILS
AlphaCat, a Validus Holdings subsidiary and Brazilian reinsurer Terra Brasis Re have successfully completed a $5 million private catastrophe bond transaction called Alpha Terra Validus I. 7 February 2017
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Attune, which was created in September 2016 as a platform designed to serve the $80 billion US small to medium sized enterprise (SME) commercial insurance market, has appointed James Hobson as chief executive officer (CEO). 7 February 2017
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India is becoming increasingly attractive to global reinsurers seeking growth, with a number of foreign reinsurers having recently received approval to open a branch in India. The list includes Swiss Re, Munich Re, Lloyd’s, Hannover Re and XL Catlin. 6 February 2017
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TransRe, the reinsurance arm of Transatlantic Holdings, has madeMarco Giovane its new chief underwriting officer for the Latin American and Caribbean division with effect from February 1. 6 February 2017
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