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Hiscox has announced that it made a pre-tax profit of $163.6 million for the first half of 2018, an increase from the $129.1 million it posted for the first six months of 2017. 30 July 2018
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PartnerRe has reported that it made a profit of $125 million for the second quarter of 2018, a 35 percent fall from the $191 million it made over the same period of 2017. 30 July 2018
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AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” of Fidelis Insurance Bermuda and Fidelis Underwriting (Fidelis UK) (United Kingdom). 27 July 2018
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Chubb has announced second quarter 2018 net income of $1.29 billion, a slight fall from the $1.305 billion for the same quarter last year. 27 July 2018
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AXIS Capital Holdings has announced that it made a profit of $93 million in the second quarter of 2018, compared to net income of $85 million for the same period of 2017. 26 July 2018
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The Association of Bermuda Insurers & Reinsurers (ABIR) has announced a series of leadership appointments of industry executives. 26 July 2018
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HSBC Global Asset Management (Bermuda), which manages HSBC Corporate Money Funds, has created its first offshore US Treasury fund. 26 July 2018
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Qatar Insurance Company Group (QIC), the insurance group that owns Bermuda- based Qatar Re, has reported that it made a net profit of $106 million in the first half of 2018, down 24 percent from the $139 million it reported for the same period of 2017. 25 July 2018
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RenaissanceRe Holdings has reported increased profits in its second quarter 2018 results, but has added the caveat that ‘meaningful uncertainty’ existed around claims from losses from 2017. 25 July 2018
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Evergreen Parent has signed a share purchase agreement with Bermuda-based Enstar Group and US private equity firm Madison Dearborn Partners (MDP). 25 July 2018
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