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AXIS Capital Holdings (AXIS Capital) has appointed Anees Ahmad as vice president of its accident and health (A&H) division and business development manager of its Middle East and North Africa (MENA) reinsurance business. 2 November 2016
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Aeolus Capital Management (Aeolus), a Bermuda-based capital management company, has reached an agreement in principle under which Elliott Management Corporation (Elliott), through an affiliate, will acquire a controlling interest in Aeolus and its affiliated entities. 2 November 2016
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Arch Insurance Group, a Bermuda-based insurer, has partnered with American Specialty Insurance and Risk Services to provide customised insurance programmes for the sports, recreation and entertainment markets. 1 November 2016
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AXIS Capital Holdings (AXIS Capital) has priced an offering of 22 million depositary shares, each representing a 1/100th ownership interest in a share of its 5.5 percent series E preferred shares, or $550 million in aggregate liquidation preference. 1 November 2016
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Blue Capital Reinsurance Holdings (Blue Capital), a Bermuda-based reinsurer, reported a net income decrease to $10.3 million for the nine months ended September 30, 2016, compared with $15.3 million it reported for the same period of 2015. 1 November 2016
ILS
AM Best is sponsoring the Insurance-Linked Securities (ILS) Convergence event, which will be held on November 9 - 10, 2016, at the Fairmont Hamilton Princess in Bermuda. 31 October 2016
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XL Catlin’s insurance operations has introduced a consumer products recall solution, designed to meet the needs of manufacturers of a broad range of consumer products including toys, clothing, household goods, electronics and sports equipment. 31 October 2016
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Validus Holdings has reported a net income increase in the third quarter of 2016, despite a sharp decline in gross written premiums (GWP), reducing its exposure to classes of business resulting in the greatest pressure on pricing. 28 October 2016
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RenaissanceRe, a Bermuda-based reinsurer, has hired James Fraser as the senior vice president (SVP) as well as chief accounting officer and Helen James as SVP, global corporate controller. 28 October 2016
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Aspen has reported a rise in its gross written premiums (GWP) of 6 percent year-on-year to $763.5 million in the third quarter of 2016, due to its reinsurance segment, Aspen Re. 27 October 2016
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