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Aspen closes Bermuda-based US property insurance unit
News
Aspen Insurance Holdings has confirmed to Bermuda:Re+ILS that it has closed its US property insurance unit on Bermuda in the wake of nat cat losses that included the California wildfires in the last months of 2017.   16 February 2018
News
AXIS Capital chief executive officer Albert Benchimol has hailed the business opportunities that can be created with third party capital.   16 February 2018
News
Brit Insurance has announced the successful launch of its new Bermuda-domiciled collateralised reinsurance platform, Sussex Capital, with initial funding for 2018 coming to $102.5 million.   16 February 2018
News
Everest Re Group has revealed that Shaun Safi has joined the Everest Insurance US property team as vice president based in Chicago.   15 February 2018
News
Lancashire Holdings has announced that it made a loss of $3.1 million in the fourth quarter of 2017, down heavily on the $45.9 million profit it made in the same period of 2016.   15 February 2018
ILS
Bermuda-based total-return reinsurer and servicing company MultiStrat has completed another casualty linked security (CLS) transaction of high frequency low-severity casualty business, as it expands its CLS offering.   15 February 2018
News
Argo Group has reported net income of $28.9 million in the fourth quarter of 2017, a slight fall from the $32.9 million it made in the same quarter of 2016.   14 February 2018
News
Brit has completed and expanded its Versutus 2018 Series Notes. This is the fourth annual renewal and continued expansion of this Bermuda domiciled special purpose insurer, which now has invested capital of $187 million.   14 February 2018
News
PartnerRe has signed an agreement with agricultural information and management specialist Farmers Edge that it claims will help insurers to close the insurance gap among farmers all over the world.   13 February 2018
News
Arch Capital Group has reported fourth quarter 2017 net income of $203.5 million, a substantial rise on the $62.4 million it made in the same period of 2016.   13 February 2018

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