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As the re/insurance industry braces itself for a period of rapid change and diversification, Bermuda:Re+ILS asked a number of senior executives within the industry for their views on how the sector will cope with what is ahead, how it must adapt and the risks of failing to do so. What follows is a snapshot of responses 27 April 2017
Re/insurance
In July 2016, staff at Freisenbruch-Meyer Group found out what it’s like to be next to a disaster, when the building next to theirs went up in a fire that threatened to spread. 27 April 2017
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Axis Capital has reported that its first quarter 2017 net income came to $5 million, a substantial fall on the $28 million it posted for the first quarter of 2016. 27 April 2017
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XL Group has announced that net income for the first three months of 2017 came to $152.8 million, a substantial increase on the $21.8 million it posted for the same period of 2016. 27 April 2017
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Aspen Insurance has reported that its net income after tax for the first quarter of 2017 came to $96.5 million, an 18.5 percent fall on the $114.4 million it made in the same period of 2016. 27 April 2017
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Validus Holdings has reported that its first quarter 2017 net income came to $94.6 million, down 43.3 percent on the $166.8 million it made in the same quarter of the previous year. 27 April 2017
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Qatar Insurance Company (QIC), the insurance group that owns Qatar Re and Antares, announced what it described as solid growth in the first quarter of 2017. 27 April 2017
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The Bermuda-based platform of Hamilton Insurance Group has announced new appointments and senior role changes in its management team. 27 April 2017
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Re/insurers on Bermuda and the US that cover bodily injury claims in the UK will adapt quickly to the higher costs stemming from a change in how settlements are calculated, with just a short-term knock to their earnings, according to Fitch Ratings. 26 April 2017
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Endurance Specialty subsidiary Blue Capital Reinsurance Holdings has announced that CEO Adam Szakmary has resigned from the firm with immediate effect. He has also resigned his position as a director of the firm. 26 April 2017
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