News

News

Lancashire sees strongest ever Q1 GWP growth, driven by P&C reinsurance

Lancashire Holdings has released its trading statement for the first three months of 2021, emphasising its fastest ever first quarter premium growth and financial performance that was strong but for the impact of Winter Storm Uri.   29 April 2021

News

RenRe reports Q1 losses amid severe weather and market volatility

RenaissanceRe reported increased losses in the first quarter of 2021, which it blamed on a number of factors, including severe winter storms in the US, volatile capital markets and the expansion of its underwriting portfolio.   29 April 2021

Life

Canopius targets dominance in global marine with hire

Canopius Group, the global specialty re/insurer, has hired Nick Whitear as a war risks underwriter as the carrier seeks to establish itself as a leader in global marine.   29 April 2021

Life

Stable snags new president from Peak Capital

Stable, the global hedging solutions provider with offices in Bermuda as well as the US and Europe, has named Julia Henderson as its president and head of portfolio management.   28 April 2021

News

Chubb's Q1 profits soar as market responds “rationally” to years of underpricing

Chubb has reported strong first quarter profit growth, as the carrier took advantage of the hardening market that its chief executive stressed was a rational response to years of industry underpricing.   28 April 2021

News

BMA warns on cyber risk when using third party service providers

Insurers should be extra careful when dealing with third party administrators and service providers, which could expose them to additional cyber risk, according to the Bermuda Monetary Authority (BMA).   28 April 2021

News

Arch reports more than threefold year on year profit increase for Q1

Arch Capital Group saw its profits increase more than threefold in the first quarter of 2021 compared to the same period the previous year, while also driving its combined ratio down at the group level.   28 April 2021

Life

SiriusPoint poaches casualty underwriter from RFIB Americas

SiriusPoint has poached a new senior vice president of casualty underwriting from RFIB Americas.   28 April 2021

News

Arch rules out doing business with Australian coal mine

Arch Capital Group has confirmed it has not and will not issue any insurance policies covering the Adani Carmichael coal mine.   27 April 2021

News

OIL welcomes five new members at AGM as profits fall sharply

Oil Insurance (OIL) held its 2021 annual general meeting of shareholders virtually on April 20, 2021, taking the opportunity to review its 2020 operational and financial results, elect directors for the 2021-2022 year and pass several shareholders resolutions.   27 April 2021

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