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Bermuda-based Everest Re Group has announced that Megan Watt has joined Everest Insurance as the new leader of its claims operation. 3 February 2017
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Endurance Specialty subsidiary Blue Capital Reinsurance Holdings’ 2016 net income came to $14.3 million, down 31 percent on the $20.7 billion it made in 2015. 2 February 2017
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XL Group continued to reap the rewards of its 2015 merger with Catlin Group in its 2016 results, posting strong growth. But the company’s profits declined as a result of cat losses with its CEO describing 2016 as a very challenging year. 2 February 2017
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AXIS Capital posted a 2016 net income of $465 million, a fall of 23.8 percent compared with the $602 million it reported in 2015. 2 February 2017
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Chubb has seen its profits rise rapidly in both the fourth quarter of 2016 and for the full year, in the wake of the ACE-Chubb merger as Evan Greenberg, the company’s CEO, said the company had "achieved or exceeded substantially all of the financial and non-financial targets we set at the time of the merger". 1 February 2017
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RenaissanceRe Holdings (RenRe) has reported net income of $69.4 million in the fourth quarter of 2016, a fall from the $92.2 million it reported in the fourth quarter of 2015. However, the Q4 figures take RenRe’s total 2016 net income to $480.6 million, up on the $408.8 million it made in 2015. 1 February 2017
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Aspen Insurance Holdings has released a preliminary view of its underwriting results ahead of the release of its results for the fourth quarter of 2016, noting that it might make a loss in the quarter. 31 January 2017
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Bermuda-based Validus Holdings has purchased Archer Daniels Midland Company’s (ADM) Crop Risk Services business (CRS). 31 January 2017
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Gross written premiums (GWP) at Qatar Insurance Company (QIC) grew substantively in 2016 boosted by the company’s growing international presence, in particular its reinsurance unit Qatar Re, which re-domiciled to Bermuda in 2015. 30 January 2017
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Insurers did their best to reduce exposure to loss making contracts and improve underwriting profitability, leading to the aviation insurance market shrinking in 2016, according to the latest “Plane Talking” aviation newsletter by JLT. 30 January 2017
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