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The Bermuda Business Development Agency (BDA) has launched a new digital portal that it claims will target global insurance customers and connect them to Bermuda’s market for risk coverage. 5 May 2017
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PartnerRe has reported that its profits for the first quarter of 2017 were just $38 million, a fall of 82 percent on the $201 million that it reported over the same period of 2016. PartnerRe said that it had been hit by a combination of factors that had impacted its bottom line results. 4 May 2017
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Argo Group has announced that it made a profit of $36.7 million in the first quarter of 2017, a 25 percent increase on the $27.7 million it made over the same period of 2016. 4 May 2017
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Liberty Mutual has announced that in the wake of its acquisition of Ironshore it has merged its existing Liberty International Underwriters (LIU) US business and Ironshore’s US specialty lines business under the Ironshore brand. 4 May 2017
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OneBeacon Insurance Group is to be sold by parent White Mountains to Intact Financial Corporation, Canada's largest provider of property/casualty insurance, for approximately $1.7 billion. 3 May 2017
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Reid Campbell has been appointed chief financial officer (CFO) at White Mountains, replacing David Foy who will remain an advisor to senior management through the end of 2017. 3 May 2017
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Former CEO and portfolio manager at Blue Capital Management Adam Szakmary, is the new director of underwriting at Hiscox Insurance Company Bermuda. 3 May 2017
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White Mountains has announced that net income for the first three months of 2017 came to $34.3 million, a substantial rise on the $13 million it posted for the same period of 2016. 3 May 2017
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RenaissanceRe has reported that it made a profit of $92.4 million for the first three months of 2017, a fall of 28 percent on the $128.4 million it made for the same period of 2016. 3 May 2017
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Fidelis Insurance has announced that it is further developing its niche specialty offerings and that it is sponsoring Rob Ashton in his aspirations to establish an MGA in partnership with Nexus. 2 May 2017
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