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Validus Holdings has announced that it has completed its acquisition of Archer Daniels Midland Company’s Crop Risk Services (CRS) business. 2 May 2017
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Blue Capital Reinsurance has reported that it made a profit of $4.1 million for the first three months of 2017, a slight fall on the $5 million it made in the same period of 2016. 2 May 2017
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Allied World Assurance Company, which has a presence on Bermuda, has reported improved profits in the first quarter of 2017. 28 April 2017
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Interest rates globally remain very low and will further pressure insurers' investment returns in the next few years according to rating agency Moody’s. For non-life insurers this will mean falling investment income, but for life insurers the insolvency risk is rising, the company said. 28 April 2017
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With the new EU rules on the way, organisations need to consider their attitudes towards privacy—and quickly, to minimise the risks to balance sheet and reputation, as Chris Eaton of KPMG in Bermuda explains. 27 April 2017
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As the re/insurance industry braces itself for a period of rapid change and diversification, Bermuda:Re+ILS asked a number of senior executives within the industry for their views on how the sector will cope with what is ahead, how it must adapt and the risks of failing to do so. What follows is a snapshot of responses 27 April 2017
Re/insurance
In July 2016, staff at Freisenbruch-Meyer Group found out what it’s like to be next to a disaster, when the building next to theirs went up in a fire that threatened to spread. 27 April 2017
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Axis Capital has reported that its first quarter 2017 net income came to $5 million, a substantial fall on the $28 million it posted for the first quarter of 2016. 27 April 2017
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XL Group has announced that net income for the first three months of 2017 came to $152.8 million, a substantial increase on the $21.8 million it posted for the same period of 2016. 27 April 2017
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Aspen Insurance has reported that its net income after tax for the first quarter of 2017 came to $96.5 million, an 18.5 percent fall on the $114.4 million it made in the same period of 2016. 27 April 2017
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