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Sompo International has announced that it is expanding its presence in the global casualty market with the appointment of Alison Wood and Lorene Phillips to the firm’s global casualty reinsurance team in London. 14 November 2017
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The Bermuda Business Development Agency (BDA) has issued a statement claiming that recent reporting about hacked data about investments that was obtained from global law firm Appleby (better known as the Paradise Papers) has highlighted the ‘substantial lack of media understanding’ of offshore investment structures and Bermuda's long-time reputation for tax transparency and cooperation with international authorities. 13 November 2017
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The Board of Directors of RenaissanceRe Holdings (RenRe) has approved an increase in RenaissanceRe's latest share repurchase programme, bringing the total current authorisation to $500 million. 13 November 2017
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Aon Benfield’s Global Catastrophe Recap report for October has claimed that the widespread wildfires that ravaged parts of California this autumn could become the costliest insured wildfire in history. 10 November 2017
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Maiden Holdings has announced that it made a loss of $63.6 million in the third quarter of 2017, a substantial fall from the profit of $31.8 million that it made in the same period of 2016. 10 November 2017
Re/insurance
With the integration of Ariel Re now complete, Mark Watson III, chief executive of Argo Group, tells Bermuda:Re+ILS about his plans for future growth and how emerging markets and digitisation could be key. 9 November 2017
News
Third Point Re has announced that its third quarter 2017 net income was $54.7 million, down on the $72.1 million it made for the same period of 2016. 9 November 2017
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Enstar has reported that third quarter 2017 net income came to $39 million, a substantial decrease on the $156 million it made over the same period of 2016. 9 November 2017
News
White Mountains has announced that its net income for the third quarter of 2017 came to $562 million, up on the $91 million it made in the same period of 2016. The company reported net income of $605 million for the first nine months of 2017 again up on the $441 million it made in the first nine months of 2016. 9 November 2017
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Catalina Holdings has signed a definitive agreement with Zurich Insurance under which a portfolio of German legacy medical malpractice liabilities in run-off will be transferred to its subsidiary Catalina Ireland. 8 November 2017
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