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Third Point Re recorded a profit of $27.6 million for its 2016 full year results, a recovery from the loss of $87.4 million it posted in 2015, but saw a number of unfavourable developments in other areas. 24 February 2017
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XL Group has announced that chief financial officer (CFO) Peter Porrino is set to retire in May 2017. He will be succeeded by current global corporate controller Stephen Robb, who will report to CEO Mike McGavick. 23 February 2017
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A new team of US-based cyber underwriters has joined Validus Specialty, a subsidiary of Bermuda-based Validus Holdings. 23 February 2017
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A rise in global unrest has prompted Bermuda-based Ironshore International to increase the capacity for its terrorism and sabotage offerings to $400 million from the current limit of $375 million. 22 February 2017
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PartnerRe’s profits rose by more than 800 percent in 2016, largely due to net realised and unrealised gains on investments over the year. 22 February 2017
ILS
Applications for cat bond vehicles are to be streamlined by the Cayman Islands Monetary Authority (CIMA). 21 February 2017
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Chubb, which has a significant presence on Bermuda, has appointed Adrian Matthews to the position of chief operating officer (COO) for Continental Europe, based in Paris. 21 February 2017
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Ernst & Young (E&Y) has carried out what it claims to be the first survey of insurance chief risk officers (CROs) in Bermuda, as their positions become increasingly important. 20 February 2017
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Bermuda-based Enstar Group is to sell its subsidiary Pavonia Holdings to an undisclosed affiliate of Global Bankers Insurance Group, the insurance and reinsurance group of companies of Eli Global, for $120 million. 20 February 2017
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XL Group's board of directors has given the green light for a new share buyback programme, authorising the company to buy back up to $1 billion of its common shares. 20 February 2017
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