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Mergers and acquisitions (M&A) in the Bermuda insurance sector is expected to slow down in 2019 following several years of significant deal activity - particularly in 2018 - and a pool that is getting smaller and smaller, according to report from law firm Clyde & Co. 4 March 2019
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Against backdrop of poor investment performance and substantial catastrophe losses, the fourth quarter of 2018 proved challenging for Bermuda reinsurer Third Point Re, which posted a net loss for both the period and the full year. 28 February 2019
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Arch Capital Group has appointed Janice Englesbe as senior vice president, chief risk officer (CRO). 21 February 2019
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In a development relevant to Bermuda re/insurers with wildfire exposure, RMS has created a catastrophe model to better manage wildfire risk in the US, against backdrop of over $30 billion in claims since 2014. 19 February 2019
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An erosion in Bermuda-based Allied World Assurance Company's commercial casualty profitability has lead to a ratings downgrade from AM Best. 19 February 2019
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The Bermuda Monetary Authority (BMA) licensed 19 new captive insurance companies in 2018, bringing the total to 711. 15 February 2019
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Although sustaining heavy losses in the fourth quarter, Bermuda-based Lancashire Holdings returned to profit in 2018 and improved its combined ratio. 14 February 2019
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Japanese insurance holdings company Sompo Holdings’ net income slumped in the nine-month period ending December 31 - but the company has improved the profitability of its overseas insurance subsidiary Sompo International. 14 February 2019
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Catastrophic events set the tone of Arch Capital Group's fourth quarter results, with the Bermuda re/insurer sustaining substantial losses and posting a lower net income year-on-year. 13 February 2019
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Investors who purchased or acquired securities in Bermuda reinsurer Maiden Holdings in a certain time period are seeking to recover damages in a class action lawsuit. It alleges they were misled by the company and some of its former officers on the nature of Maiden's underwriting and risk management practices relating to reinsurance agreements with AmTrust. 13 February 2019
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