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The Bermuda Monetary Authority (BMA) has announced that E Barclay Simmons has resigned from its board of directors, effective 25th October 2015. 2 November 2015

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Validus posts strong profits in Q3 due to solid balance sheet

Re/insurer Validus Holdings has had a strong third quarter of the year, reporting a net income of $66.7 million for the three months ended September 30, 2015, compared with $39.7 million for the three months ended September 30, 2014. 30 October 2015

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Arch Insurance appoints SVP to oversee third party admin

Arch Insurance, a member of Bermuda-based re/insurance firm Arch Capital Group, has appointed Vincent Kellaher as senior vice president (SVP). 30 October 2015

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Arch Capital’s profits fall in third quarter of 2015

The profits of Bermuda-based re/insurer Arch Capital fell in the third quarter of the year. 29 October 2015

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Failed merger with Axis causes dip in Q3 profits for PartnerRe

Bermuda-based PartnerRe has reported a net loss of $243.3 million for the third quarter of 2015, mainly due to a $315 million termination fee and reimbursement of expenses it paid to Axis Capital after breaking off the proposed merger between the two firms. 29 October 2015

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Validus appoints underwriting manager for Greater China

Validus Holdings has hired Ellie Zhou as underwriting manager for Greater China. 28 October 2015

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AXIS suffers dip in profits due to high energy losses

Bermuda-based re/insurance company AXIS Capital suffered a decline in its profits in the third quarter of the year, mainly due to high offshore energy losses and adverse impact of volatility its investment portfolio. 28 October 2015

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XL Catlin hit by integration costs in Q3

XL Catlin’s profits fell in the third quarter, largely due to integration costs associated with its merger with Catlin earlier this year. 27 October 2015

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Everest bemoans challenging market as Q3 profits dip

Everest Re made a net profit of $88.6 million in the quarter a big drop on the $274.9 million it made in the same period a year earlier. 27 October 2015

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Fidelis appoints three including new Bermuda CEO

Fidelis Insurance has hired three senior executives one of which joins as the company’s Bermuda chief executive officer. One has joined from Catlin and two from Amlin Bermuda. 26 October 2015

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