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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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Bermuda-based RenaissanceRe Holdings (RenRe) has reported decrease in its net income for the first quarter of 2016, down to $128, compared with $167.8 million in the first quarter of 2015. 27 April 2016
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Grainne Richmond has been appointed the new president of the Bermuda Insurance Management Association (BIMA), following the group’s Annual General Meeting (AGM) this month. 27 April 2016
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Everest Re Group has posted a first quarter 2016 after-tax operating income of $222.7 million, down from the $329.9 million it made in the first quarter of 2015. 26 April 2016
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AXIS Healthcare, part of AXIS Capital Holdings, has entered the nursing home professional liability market by hiring two underwriters who have significant experience in senior aging services. 26 April 2016
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Randall & Quilter (R&Q), a Bermuda-based specialist non-life insurance investor, has reported a pre-tax profit of £2.8 million for 2015, a dramatic improvement from its loss of £1.6 million in 2014. 25 April 2016
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