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Bermuda-based Endurance has reported a 7.3 percent rise in profits for 2016, despite taking losses from Hurricane Matthew and the earthquake in New Zealand. 27 February 2017
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Hiscox has announced a record pre-tax profit of £354.5 million in 2016, up 64 percent on what it made the previous year, with much of the increase coming from higher premium growth. 27 February 2017
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Bermuda-based Qatar Re saw profits for full year 2016 grow by more than fifty percent, after it withdrew from underpriced business to focus on more lucrative areas of the market. 24 February 2017
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Third Point Re’s chairman and CEO John Berger has stepped down from the position of CEO. The announcement came on the same day that the company stated its full year 2016 results, which saw a profit of $27.6 million. 24 February 2017
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Third Point Re recorded a profit of $27.6 million for its 2016 full year results, a recovery from the loss of $87.4 million it posted in 2015, but saw a number of unfavourable developments in other areas. 24 February 2017
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XL Group has announced that chief financial officer (CFO) Peter Porrino is set to retire in May 2017. He will be succeeded by current global corporate controller Stephen Robb, who will report to CEO Mike McGavick. 23 February 2017
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A new team of US-based cyber underwriters has joined Validus Specialty, a subsidiary of Bermuda-based Validus Holdings. 23 February 2017
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A rise in global unrest has prompted Bermuda-based Ironshore International to increase the capacity for its terrorism and sabotage offerings to $400 million from the current limit of $375 million. 22 February 2017
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PartnerRe’s profits rose by more than 800 percent in 2016, largely due to net realised and unrealised gains on investments over the year. 22 February 2017
ILS
Applications for cat bond vehicles are to be streamlined by the Cayman Islands Monetary Authority (CIMA). 21 February 2017
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