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Maiden Holdings saw increased gross written premiums (GWP) in the second quarter of 2016 due to the 8.7 percent GWP increase in its diversified reinsurance segment. 5 September 2016
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Randall & Quilter, an insurance underwriter headquartered in Bermuda, has reported a significant increase of 23.1 percent in its gross written premiums (GWP) in the first half of this year. 5 September 2016
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William Spiegel, co-president of Pine Brook Road, a private equity investor in Third Point Reinsurance, is resigning from Third Point Re’s board of directors, effective immediately. 2 September 2016
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Marsh, the insurance broker and risk advisor subsidiary of Marsh & McLennan Companies, has appointed Christopher Schaper as chief executive officer of its managing general agent business, Schinnerer Group, effective immediately. 2 September 2016
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While Bermuda re/insurers have a long history of profitability, it has, in recent years, been challenged by economic pressure and an overabundance of capital from traditional and alternative sources, according to Fitch Ratings. 1 September 2016
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Endurance Specialty Holdings, a Bermuda-based property/casualty re/insurer, has appointed Christopher Sparro as executive vice president and chief executive officer of US Insurance, effective September 12. 1 September 2016
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Having weathered competitive and recessionary challenges, Bermuda is experiencing a renaissance of sorts. Turbulence and uncertainty in other global hubs are making the industry’s traditional incubator of change look very much like a safe harbour for companies seeking robust and innovative risk-transfer solutions. Bermuda:Re+ILS reports. 31 August 2016
ILS
The state of Latin America’s risk management industry will be discussed by a number of industry specialists at the 2016 ALARYS Congress in Bermuda, on September 25 – 27. 31 August 2016
ILS
Xuber’s second executive roundtable in Hamilton, Bermuda brought together a group of insurance and reinsurance industry leaders based on the island to discuss market conditions such as innovation, technology change and regulation. 31 August 2016
News
Qatar Re’s profits rose and gross written premiums increased in the first half of 2016, driven by client and broker relationship as well as its status as a re/insurer within Bermuda, despite experiencing what it called “unabated headwinds”. 30 August 2016
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