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Qatar Insurance Company (QIC), the insurance group that owns Qatar Re and Antares, has reported that although it saw growth of 14 percent in gross written premiums (GWP) to $1.714 billion in the first six months ended 30 June 2017, it also saw its profits fall. 26 July 2017
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RenaissanceRe (RenRe) has recognised that it is facing challenging conditions as it announced that although it had made a profit of $171.1 million in the second quarter of 2017, up from the $136.3 million it made in 2016’s Q2, first half 2017 net income fell slightly, going from $264.3 million in the first half of 2016 to $263.5 million in the same period of 2017. 26 July 2017
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Evan Greenburg, chairman and CEO of Chubb, has hailed its Q2 2017 results, which saw net income of $1.3 billion, a 79.6 percent increase on the $726 million it made in the same period of 2016. 26 July 2017
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Dominic Addesso, president and CEO of Everest Re, has hailed the company’s second quarter results as being excellent, as the company continues to look for growth. 25 July 2017
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Sirius Group has appointed former QBE Re Bermuda executive Erik Soria as vice president, casualty. 25 July 2017
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Liberty Mutual subsidiary Ironshore has announced that Krishnan Ethirajan has been given the additional role as chief operating officer of Ironshore International. 25 July 2017
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The Bermuda Business Development Agency (BDA) has welcomed Progressive Labour Party Premier David Burt and his Cabinet following the official swearing-in ceremony at Government House. 24 July 2017
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Bermudian corporate lawyer Michael Burns has been selected as the winner of the second Fred Reiss Lifetime Achievement Award, to be presented at this autumn’s Bermuda Captive Conference on September 10–13. 24 July 2017
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A new report from Impact Forecasting, Aon Benfield's catastrophe model development team claims that although losses for the first have of the year have been lower than average, they have still posed challenges for the insurance market. 21 July 2017
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AM Best has affirmed the financial strength rating of A- (Excellent) of Fidelis Insurance Bermuda and Fidelis Underwriting. AM Best also has affirmed the long-term issue credit rating of “bbb-” of Bermuda-based Fidelis Insurance Holdings, the ultimate holding company. The outlook of these ratings is stable. 21 July 2017
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