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RenaissanceRe, a Bermuda-based re/insurer, has been offered a global software license by the Catastrophe Risk Exchange (CATEX) that allows it to manage the full range of delegated authority binder or programme transactions. 8 September 2016
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Everest Insurance, a subsidiary of Bermuda-based re/insurer Everest Re Group, has appointed Matt Murray as its regional leader, marketing and distribution for the east region. 7 September 2016
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Shareholders’ funds within the Willis Reinsurance (Willis Re) Index has increased to $338.3 billion in the first half of 2016, an increase of 2.6 percent from $329.7 billion last year, despite a more challenging catastrophic environment, Willis Re reports. 7 September 2016
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XL Catlin, a re/insurer headquartered in Bermuda, has appointed Lauren Tennant Pollock as its vice president in emerging markets. 6 September 2016
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Despite deteriorating market conditions Aspen Insurance, Hiscox, Beazley and Novae Group, have been listed by rating agency AM Best as companies that have performed strongly in the first half of 2016. 6 September 2016
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Maiden Holdings saw increased gross written premiums (GWP) in the second quarter of 2016 due to the 8.7 percent GWP increase in its diversified reinsurance segment. 5 September 2016
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Randall & Quilter, an insurance underwriter headquartered in Bermuda, has reported a significant increase of 23.1 percent in its gross written premiums (GWP) in the first half of this year. 5 September 2016
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William Spiegel, co-president of Pine Brook Road, a private equity investor in Third Point Reinsurance, is resigning from Third Point Re’s board of directors, effective immediately. 2 September 2016
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Marsh, the insurance broker and risk advisor subsidiary of Marsh & McLennan Companies, has appointed Christopher Schaper as chief executive officer of its managing general agent business, Schinnerer Group, effective immediately. 2 September 2016
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While Bermuda re/insurers have a long history of profitability, it has, in recent years, been challenged by economic pressure and an overabundance of capital from traditional and alternative sources, according to Fitch Ratings. 1 September 2016
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