Bermuda-based Sompo International is to create a new European specialty insurance underwriting operation, which will initially be focused on management liability, professional indemnity and financial institutions lines of business. 6 March 2018
Validus Holdings subsidiary AlphaCat Managers and Brazilian based reinsurer Terra Brasis Resseguros have completed a $5 million private catastrophe bond transaction. 6 March 2018
AM Best has revised the outlooks to stable from negative and affirmed the financial strength rating (FSR) of A+ (Superior) of Renaissance Reinsurance (RenaissanceRe) and Renaissance Reinsurance of Europe Unlimited Company (Dublin, Ireland). 2 March 2018
Hiscox’s insurance linked securities (ILS) asset management arm Hiscox Re Insurance Linked Strategies has appointed Dr Ben Fox to its Bermuda-based ILS investment team as portfolio manager. 2 March 2018
The Bermuda Business Development Agency (BDA) has announced that Brian Duperreault, AIG’s chief executive officer, will be the keynote speaker at a multi-industry event in New York. 2 March 2018
Bermuda’s insurance industry saw a year-on-year increase in company registrations across multiple sectors according to the Bermuda Business Development Agency (BDA). 1 March 2018
Third Point Re has reported net income of $44.3 million for the three months ended December 31, 2017, an improvement on the net loss of $46.7 million it made for the same period of 2016. 1 March 2018
