First half statistics released by the Bermuda Monetary Authority demonstrate the continued strength of Bermuda’s financial services industry and its ability to thrive despite the uncertain global outlook. 30 July 2014
Marsh & McLennan Companies (MMC) witnessed strong growth and improved profits in the second quarter of 2014, with its reinsurance unit enjoying 3 percent growth despite market challenges. 30 July 2014
AXIS Capital produced a healthy set of results in its Q2 report, driven by the company’s greater efficiency of overall capital due to the continued rebalancing of its portfolio. 30 July 2014
Canopius Group, the global specialty re/insurance arm of NKSJ Holdings, has appointed Shibo Zhang as head of the China market, as part of the ongoing expansion of its Asian operations. 30 July 2014
Markel International, the specialist insurer, has requested to the Dubai Financial Services Authority (DFSA) that it establish a company to operate within the Dubai International Financial Centre (DIFC). 30 July 2014
Willis experienced some strong growth in the second quarter of 2014 driven largely by its business in emerging markets and North America, yet profits were hindered by increased costs driven by many new hires in the past year. 30 July 2014
Montpelier Re’s business slipped somewhat this quarter as the company reported operating profits of $36 million, down from $49.6 million in the second quarter of 2013. 29 July 2014
