A new briefing from AM Best claims that the alternative reinsurance capacity lost due to the 2017 catastrophe events has been replaced as third-party capital continues to seek a larger share of the global market. 5 February 2018
Validus Holdings has reported a net loss of $8.7 million, for the three months ended December 31, 2017, down on the profit of $7.8 million it made for the same period of 2016. 2 February 2018
Sompo International Holdings (SIH) has completed the complete transfer of the Sompo America companies to SIH and the full integration of Sompo America’s business operations and staff into the Sompo International Insurance platform. 2 February 2018
RenaissanceRe Holdings has reported a net loss of $3.5 million in the fourth quarter of 2017, a severe fall from the profit of $69.4 million that it made in the same period of 2016. 1 February 2018
AM Best has affirmed the financial strength rating of A- (Excellent) of PMG Assurance (Bermuda), adding that the outlook of the rating is stable. 1 February 2018
Nephila Holdings, parent company to Nephila Capital, has expanded its weather and ESG-driven business with the launch of a new specialty division, Nephila Climate (NCx). 31 January 2018
