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Sompo Holdings has revealed that its consolidated ordinary profit for full year 2017 decreased by ¥99.8 billion to ¥141.8 billion ($1.28 billion), mainly due to the impact of hurricanes in North America and large losses. 18 May 2018
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Hedge fund backed ILS venture Tangency Capital has launched with $50 million in assets under management and with offices in Bermuda and London, according to a May 16 Reuters report. It will invest in non-life reinsurance risks ahead of the next hurricane season. 18 May 2018
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Bermuda-based Colonial Group International has acquired a minority interest in Beacon Insurance Company of Trinidad & Tobago. 18 May 2018
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XL Catlin has extended its global mergers and acquisitions (M&A) capacity to $60 million, an increase of 20 percent. 17 May 2018
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Fidelis Insurance will be providing underwriting capacity to Aware Specialty after taking an equity stake in the new MGA. 17 May 2018
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Bermuda Premier David Burt has announced a $10-million partnership with blockchain network Shyft as he attended the cryptocurrency conference Consensus 2018 in New York. 16 May 2018
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Aon's remaining business unit brands Aon Risk Solutions and Aon Benfield are to be retired as the broker works on increased integration of its various units. 16 May 2018
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Aspen Insurance Holdings has applied to the Central Bank of Ireland for authorisation of a new insurance subsidiary in Dublin in the Republic of Ireland. 16 May 2018
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Carol Redahan has been appointed to the position of senior vice president, controller, at Hamilton Re. 16 May 2018
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XL has announced that its executive management team will see some important changes as the date for its integration with AXA Group approaches. 15 May 2018
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