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In a set of results that will greatly interest many Bermuda reinsurers, Berkshire Hathaway has admitted that soft rates in the reinsurance market have forced declines in the amount of business it wrote in the second quarter of this year. 8 August 2016
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Profits soared at Enstar, a Bermuda-based re/insurer, in the second quarter of 2016, partly thanks to big improvements in its investment portfolio. 8 August 2016
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Rebounding investment returns resulted in Third Point Reinsurance, a Bermuda-based reinsurer, reporting increased profits in the second quarter of 2016, but this disguised worrying losses on the underwriting side of the business, with the company releasing a combined ratio of 119.2 percent in the quarter. 5 August 2016
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Assured Guaranty experienced a net income fall of over 50 percent to $146 million in the second quarter of 2016, from the $297 million it reported for the same period of 2015. 5 August 2016
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Maiden Holdings, a Bermuda-based re/insurer, has reported a considerable increase in its profits in the second quarter of 2016 despite what Maiden’s chief executive officer (CEO) called a ‘competitive operating environment’ and continued pressure on investment yields. 5 August 2016
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James River Group (JRG) has reported a net income boost of 16.8 percent to $14.6 million in the second quarter of 2016, compared with $12.5 million in the same period of 2015. 4 August 2016
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Ironshore Specialty Casualty, a Bermuda-based insurer, is providing new owners protective professional indemnity (OPPI) coverage for construction projects. 4 August 2016
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White Mountains experienced a steep climb in its net income to $341.1 million in the second quarter of 2016 from the $4.3 million that it reported in the same period of 2015. The company credited this to the sale of Sirius International Insurance Group. 4 August 2016
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Talbot Underwriting Services, a subsidiary of Validus Holdings, has launched a political risk insurance binding authority from its New York office. 3 August 2016
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Markel Corporation, which has offices in Bermuda, reported increase in its profits in the second quarter of 2016 due to solid underwriting results. 3 August 2016
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