AIG has created a Bermuda-domiciled legal entity named DSA Reinsurance Company (DSA Re) which will act as AIG’s main run-off reinsurer. 9 February 2018
AM Best has assigned a financial strength rating (FSR) of A- (Excellent) to Palomar Specialty Reinsurance Company Bermuda, along with a stable outlook. 9 February 2018
Hiscox has made two senior appointments as it evolves its management structure to build on what it described as growth momentum in its retail businesses. 9 February 2018
Aspen has reported a net loss after tax of $184.9 million and an operating loss after tax of $178.1 million for the fourth quarter of 2017. 8 February 2018
AXIS Capital Holdings made a net loss of $38 million for the fourth quarter of 2017, a fall from the profit of $131 million it saw for the same period of 2016. 8 February 2018
Seventeen new captive insurance companies were registered in Bermuda in 2017, compared to 13 in 2016, according to the latest release from the Bermuda Monetary Authority (BMA). 8 February 2018
White Mountains Insurance Group made a profit of $23 million in the fourth quarter of 2017, taking the company to a profit of $631 million for 2017. 7 February 2018
Validus Specialty Underwriting Services’ cyber and technology insurance group has created a standalone cyber insurance product that is aimed at privacy and network protection coverage. 7 February 2018
White Mountains Insurance Group has partnered with global alternative investment management firm Oaktree Capital Management to enable Kudu Investment Management to close a $250 million investment. 7 February 2018
