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AXIS Capital Holdings has announced a preliminary pre-tax loss estimate for Hurricane Michael in the range of $100 million to $120 million. 9 November 2018
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Aon’s Impact Forecasting team has launched the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of Hurricane Michael and other natural disaster events that occurred worldwide during October 2018. 8 November 2018
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Marsh & McLennan Companies (MMC) has announced that the shareholders of Jardine Lloyd Thompson Group (JLT) have overwhelmingly approved Marsh & McLennan’s agreement to acquire JLT. Of those shares voted, 99.9 percent voted in favour of the transaction. 8 November 2018
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The Monte Carlo Rendez-Vous represents a great litmus test for many things, including the health of the ILS sector. The outlook for ILS is very positive—and this is good news for Bermuda, a wide range of industry experts told Bermuda:Re+ILS at the event. 8 November 2018
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James River Group Holdings has announced the appointment of Christopher Harris and Sundar Srinivasan to its board of directors, and to its audit and investment committee, respectively. 7 November 2018
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Third Point Re has been hit by a fall of 82.8 percent in its gross written premium (GWP) in the third quarter of 2018, because of unsatisfactory underlying pricing, terms and conditions. 7 November 2018
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Argo Group International Holdings has reported net income of $40.6 million in the third quarter of 2018, a return to profit after the loss of $61.3 million that it made in the same quarter of 2017. 6 November 2018
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Sirius International Insurance Group has announced that it has completed its merger with Easterly Acquisition Corp and has become a publicly listed company, trading on the Nasdaq. 6 November 2018
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Bermuda has dominated the ILS space globally for several years, and that will not change if Greg Wojciechowski, chief executive of the Bermuda Stock Exchange, has anything to do with it. He explains to Bermuda:Re+ILS how important the ILS market is to it. 6 November 2018
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AM Best has placed under review with developing implications the financial strength rating (FSR) of A+ (Superior) and the long term issuer credit ratings of “aa-” of Renaissance Reinsurance, Renaissance Reinsurance US, RenaissanceRe Specialty US, and Renaissance Reinsurance of Europe. 5 November 2018
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