Till Capital, a Bermuda domiciled reinsurance provider, has entered into a letter of intent to acquire Canada based insurance provider, Omega Insurance. 29 July 2014
Hiscox’s profits dropped 31 percent in the first half of 2014 as a soft market environment, adverse foreign exchange movements and UK floods took their toll. 28 July 2014
Arthur J Gallagher has announced the appointment of Vishal Jain as chief service officer, who has also been elected as a corporate vice president by the company’s board of directors. 28 July 2014
Blue Capital Re, a Bermuda-based provider of collateralised reinsurance in the property cat market, and a wholly-owned subsidiary of Montpelier Re, has released its first set of half year results. 28 July 2014
Aspen has announced that the overwhelming majority, more than three quarters, of Aspen shareholders participating in the consent solicitation have rejected both of Endurance’s proposals. 28 July 2014
Aon Benfield’s revenues declined slightly in the second quarter of 2014 as a result of what it called an unfavourable market impact on treaty business and a decline in its facultative placements. 25 July 2014
Much of the loss stemming from the Malaysia Airlines flight MH-17 crash is to be absorbed by the Lloyd’s market as well as some global re/insurers, according to AM Best. 25 July 2014
Validus appears to be back on track after it saw a significant jump in its net profits in the second quarter of 2014, in spite of competitive pressures in the market and higher than expected loss events. 25 July 2014
Bond insurer Municipal Assurance Corp (MAC), part of the Assured Guaranty group, has been granted a licence to write financial guaranty insurance in the State of California. 25 July 2014
