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Enstar Group has revealed that one of its subsidiaries has signed a reinsurance agreement with an Australian subsidiary of Zurich Insurance Group covering its New South Wales motor vehicle compulsory third party (CTP) insurance business. 23 February 2018
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PartnerRe has reported that its net income for the fourth quarter of 2017 came to $72 million, a substantial rise from the net loss of $191 million for the same period of 2016. 22 February 2018
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Athene Holding’s net income for the fourth quarter 2017 was $464 million, up on the $364 million it made in the fourth quarter 2016. Net income for the full-year 2017 was $1.4 billion, more than double the $768 million net income it made for the full-year 2016. 22 February 2018
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The Bermuda Business Development Agency (BDA) has announced that the Island will play host later this year to a cyber-risk conference. 22 February 2018
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Hamilton Insurance Group subsidiary Hamilton Underwriting has announced some changes to its underwriting team. 21 February 2018
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Everest Re Group is continuing to expand the Everest Insurance Financial Lines division of Everest Specialty Underwriters with the formation of a new private company/not-for-profit unit. 21 February 2018
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Premier and Finance Minister David Burt has said that Bermuda’s past success in reinsurance innovation has given it an edge when it comes to expanding its economy into new economic areas. 20 February 2018
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The UK-based Financial Conduct Authority (FCA) and the US-based Commodity Futures Trading Commission (CFTC) are to collaborate and support innovative firms via each other’s financial technology (FinTech) initiatives – LabCFTC and FCA Innovate. 20 February 2018
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AXIS Capital Holdings has seen the outlooks of the financial strength ratings of its operating subsidiaries revised from stable to negative by AM Best. 19 February 2018
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The Government of Bermuda has announced that it aims to reform the current laws that limit foreign foreign ownership of businesses to just 40 percent. 19 February 2018
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