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Ironshore Specialty Casualty, a Bermuda-based insurer, is providing new owners protective professional indemnity (OPPI) coverage for construction projects. 4 August 2016
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White Mountains experienced a steep climb in its net income to $341.1 million in the second quarter of 2016 from the $4.3 million that it reported in the same period of 2015. The company credited this to the sale of Sirius International Insurance Group. 4 August 2016
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Talbot Underwriting Services, a subsidiary of Validus Holdings, has launched a political risk insurance binding authority from its New York office. 3 August 2016
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Markel Corporation, which has offices in Bermuda, reported increase in its profits in the second quarter of 2016 due to solid underwriting results. 3 August 2016
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Argo Group has reported a sharp increase in its net income due to successful investment returns in the second quarter of 2016, however, catastrophe losses have negatively affected its combined ratio. 3 August 2016
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Blue Capital Reinsurance Holdings, headquartered in Bermuda, has reported a steep decline in its profits in the second quarter of 2016, due to higher levels of catastrophe losses worldwide. However, the company said rate decreases slowed in the mid-year renewals compared with a year before. 2 August 2016
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Watford Specialty Insurance Company (WSIC), a subsidiary of Bermuda-based Watford Re (WRL), has acquired a formerly dormant insurance company. 2 August 2016
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Endurance, domiciled in Bermuda, has encountered a significant increase in nearly all lines of business in the second quarter of 2016, boosted by its acquisition of Montpelier Re and also its underwriting portfolio expansion. Its profits remained stable. 2 August 2016
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AM Best has upgraded the financial strength rating of the Bermuda re/insurance subsidiary companies of James River Group (JRG) to A from A-. 1 August 2016
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Chubb, which was acquired by ACE earlier this year and has a significant Bermuda presence, has appointed Michael Kessler as its vice president and chief reinsurance buyer, just as the run into the January renewals season gets underway. 1 August 2016
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