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RenaissanceRe acquires Tokio Millennium Re for $1.5bn

Bermuda-based RenaissanceRe Holdings is acquiring Tokio Millennium Re (TMR) for approximately $1.5 billion from its parent Tokio Marine Holdings. 31 October 2018

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Everest Re rebounds with Q3 2018 results

Everest Re Group, has reported third quarter 2018 net income of $205.6 million, up from the net loss of $639.4 million it made in the same quarter of 2017. 30 October 2018

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Blue Capital results continue to see hurricane impact

Blue Capital Reinsurance Holdings has recorded net losses of $6.7 million for the third quarter of 2018 and $3.7 million for the nine months ended September 30, 2018. 30 October 2018

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AIG appoints new global head of specialty

American International Group (AIG) has appointed Talbot chief Peter Bilsby as global head of specialty. 29 October 2018

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Hamilton eyes opportunities through MGA Attune

Hamilton Insurance is eyeing opportunities in the US small commercial market. This generates some $150 billion in premiums but, as a fragmented market with no dominant players, it is ripe for transformation, according to Pina Albo, chief executive of Hamilton Insurance Group. 29 October 2018

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Towards an open culture

The reinsurance market is continuing to evolve—and Hamilton Re is keeping pace, as CEO Kathleen Reardon tells Bermuda:Re+ILS. 28 October 2018

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AIG gets green light for Brexit restructuring plans

American International Group (AIG) has received approval from the High Court of England & Wales to transfer its European business into two new entities, American International Group UK (AIG UK) and AIG Europe (AESA), ahead of Brexit. 26 October 2018

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AM Best upgrades Lancashire ratings

AM Best has upgraded the long-term issuer credit ratings of Lancashire Insurance Company and its affiliate, Lancashire Insurance Company (UK) to “a+” from “a” and affirmed the financial strength rating of A (Excellent). 26 October 2018

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AXIS Capital reports positive momentum in Q3 results

AXIS Capital Holdings has reported net income for the third quarter of 2018 of $43 million, compared to net loss of $468 million for the same period of 2017. 25 October 2018

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Aspen reports ‘solid’ Q3 2018 results

Aspen Insurance Holdings has reported a third quarter 2018 net loss after tax of $15.1 million, an improvement on the net loss of $253.8 million that it made in the same period of 2017. 25 October 2018

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