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Brian Duperreault, chairman and chief executive officer of Hamilton, has hailed the company’s partners on a new joint venture to create a new technology-enabled customer-centric insurance platform for the small to medium enterprise (SME) market as “kindred spirits” in terms of their mutual belief in how data science has the potential to revolutionise the industry. 4 May 2016
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Markel Corporation has reported that its net profits fell in the first quarter of 2016 and its combined ratio also increased. 4 May 2016
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Chubb Bermuda and Aon Bermuda have together launched a management liability collaboration. 3 May 2016
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PartnerRe has posted a net income of $201.4 million for the first quarter of 2016, down from $231.7 million for the same period of 2015. 3 May 2016
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Argo Group has seen its net income fall by more than half in the first quarter of 2016. 3 May 2016
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Validus Holdings, a Bermuda-based re/insurance holding company, has reported a dip in its net income for the first quarter of the year to $166.8 million, compared with $173.4 million in the first quarter of last year. 29 April 2016
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Universal Insurance Holdings (UVE) has sold $10 million worth of common stock to RenaissanceRe Ventures, a subsidiary of Bermuda-based RenaissanceRe in a private placement. 29 April 2016
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Arch Capital has posted a net income of $149.3 million for the first quarter of 2016, down from $277.9 million in the same period of 2015. 28 April 2016
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American International Group (AIG), Bermuda-based Hamilton Insurance Group, and affiliates of Two Sigma Investments, have entered into a non-binding memorandum of understanding (MoU) to form a joint venture that will establish an insurance platform for the small to medium-sized enterprise (SME) market. 28 April 2016
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AXIS Capital Holdings, a Bermuda-based specialty insurance and treaty reinsurance firm, has reported a fall in its net income for the first quarter of 2016, to $38 million, compared with $156 million, for the first quarter of 2015, weighed down by weak investment results. 27 April 2016
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