Catlin strengthened its pre-tax profit by 27 percent and its net income by 29 percent during a strong year for the multi-class re/insurer, particularly in its international segment. 10 February 2014
Michael Lee, president and CEO of Bermuda-based Tower Group has resigned. William Fox is expected to become the company’s new president and CEO. 10 February 2014
The new endorsement provides reimbursement for expenses incurred as a direct result of privacy or network security wrongful acts with aggregate limits of $1,000 per incident. 10 February 2014
Bermuda Convergence 2014 will take place on November 12-13 this year. Pier 6 on the Waterfront will once again be the venue for the event. 10 February 2014
Following the completion of its acquisition of CMG Mortgage Insurance Company and PMI Mortgage Insurance Company, Arch has been classified as an eligible mortgage insurer by Fannie Mae and Freddie Mac. 10 February 2014
Aspen’s annual results reveal a ramping up of its insurance business, despite its reinsurance business being the more profitable segment. 10 February 2014
ACE Global Markets now offers capacity of $50 million for global clients seeking environmental liability insurance coverage following recent research highlighting the risk as a major concern across the EMEA region. 10 February 2014
January’s extreme weather in the US will cost the industry over $1.5 billion in insured losses according to a monthly catastrophe report from Impact Forecasting. 7 February 2014
Montpelier achieved a combined ratio of 39 percent during the fourth quarter of 2013 thanks to a benign catastrophe year and in spite of headwinds associated with rising competition. 7 February 2014
