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Validus Holdings has reported a net income increase in the third quarter of 2016, despite a sharp decline in gross written premiums (GWP), reducing its exposure to classes of business resulting in the greatest pressure on pricing. 28 October 2016
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RenaissanceRe, a Bermuda-based reinsurer, has hired James Fraser as the senior vice president (SVP) as well as chief accounting officer and Helen James as SVP, global corporate controller. 28 October 2016
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Aspen has reported a rise in its gross written premiums (GWP) of 6 percent year-on-year to $763.5 million in the third quarter of 2016, due to its reinsurance segment, Aspen Re. 27 October 2016
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AXIS Capital has reported a small rise in its gross written premiums (GWP) in the third quarter of 2016, despite its reinsurance business shrinking significantly. 27 October 2016
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Arch Capital Group reported a sharp increase in profits during the third quarter and the Bermuda-based re/insurer also enjoyed healthy growth, due to a large increase in the amount of mortgage business it is underwriting. 27 October 2016
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Chubb’s net income rose sharply in the third quarter of 2016 due to the impact of its merger with ACE in the beginning of 2016. However, net premiums dropped thanks to it buying more reinsurance and maintaining underwriting discipline. 27 October 2016
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PartnerRe saw its profits increase in the third quarter of this year, after figures for the same period of last year were hit by termination fees relating to its failed merger with Axis Capital. However, its net premiums dropped due to cancellations and non-renewals of business in tough market conditions. 27 October 2016
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XL Group (XL), headquartered in Bermuda, has made senior changes in connection with a planned realignment of its property and casualty (P&C) operating model.
The changes will be effective on January 1, 2017. 26 October 2016
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Everest Re, a Bermuda-based reinsurer, has published its third quarter results with a net income of $295.4 million for 2016, compared with $88.6 million in the same period for 2015. 26 October 2016
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Qatar Re's relocation to Bermuda has allowed the company to move even closer to its clients in the Americas, their markets and lines of business, according to Luke Roden, head of ceded re and global head of catastrophe at Qatar Re. 25 October 2016
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