Seventeen new captive insurance companies were registered in Bermuda in 2017, compared to 13 in 2016, according to the latest release from the Bermuda Monetary Authority (BMA). 8 February 2018
White Mountains Insurance Group made a profit of $23 million in the fourth quarter of 2017, taking the company to a profit of $631 million for 2017. 7 February 2018
Validus Specialty Underwriting Services’ cyber and technology insurance group has created a standalone cyber insurance product that is aimed at privacy and network protection coverage. 7 February 2018
Everest Re Group made a fourth quarter 2017 profit of $571.0 million, a 52.8 percent rise on the $373.6 million it made on the same quarter of 2016. 6 February 2018
Blue Capital Reinsurance Holdings, which offers collateralised reinsurance in the property catastrophe market and invests in various insurance-linked securities, has given the market a portfolio update. 6 February 2018
Assured Guaranty has unveiled an agreement with Syncora Guarantee Inc. (SGI), under which Assured Guaranty Corp. (AGC) will reinsure SGI-insured financial guaranty insurance policies. 6 February 2018
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
