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On the first anniversary of China’s Tianjin Port disaster, Risk Management Solutions (RMS), which has offices in Bermuda, reported that six out of ten most at risk ports are in the US with Asia-Pacific and European ports also a “major concern.” 10 August 2016
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Blockchain could hold a significant potential in changing the way the wholesale insurance industry operates, but re/insurers, underwriters, brokers and many other players will need to work together, PwC Bermuda reports. 10 August 2016
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Endurance Specialty, a Bermudian re/insurer, has introduced a range of environmental liability insurance products provided by Endurance Global Risk Solutions, which offer primary and excess coverage for single sites and property portfolios. 9 August 2016
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Partner Reinsurance (PartnerRe), a Bermuda-based property/casualty and specialty reinsurer, has expanded its team through the appointment of Jörg Bruniecki. 9 August 2016
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In a set of results that will greatly interest many Bermuda reinsurers, Berkshire Hathaway has admitted that soft rates in the reinsurance market have forced declines in the amount of business it wrote in the second quarter of this year. 8 August 2016
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Profits soared at Enstar, a Bermuda-based re/insurer, in the second quarter of 2016, partly thanks to big improvements in its investment portfolio. 8 August 2016
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Rebounding investment returns resulted in Third Point Reinsurance, a Bermuda-based reinsurer, reporting increased profits in the second quarter of 2016, but this disguised worrying losses on the underwriting side of the business, with the company releasing a combined ratio of 119.2 percent in the quarter. 5 August 2016
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Assured Guaranty experienced a net income fall of over 50 percent to $146 million in the second quarter of 2016, from the $297 million it reported for the same period of 2015. 5 August 2016
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Maiden Holdings, a Bermuda-based re/insurer, has reported a considerable increase in its profits in the second quarter of 2016 despite what Maiden’s chief executive officer (CEO) called a ‘competitive operating environment’ and continued pressure on investment yields. 5 August 2016
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James River Group (JRG) has reported a net income boost of 16.8 percent to $14.6 million in the second quarter of 2016, compared with $12.5 million in the same period of 2015. 4 August 2016
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