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AXIS Capital posted a 2016 net income of $465 million, a fall of 23.8 percent compared with the $602 million it reported in 2015. 2 February 2017
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Chubb has seen its profits rise rapidly in both the fourth quarter of 2016 and for the full year, in the wake of the ACE-Chubb merger as Evan Greenberg, the company’s CEO, said the company had "achieved or exceeded substantially all of the financial and non-financial targets we set at the time of the merger". 1 February 2017
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RenaissanceRe Holdings (RenRe) has reported net income of $69.4 million in the fourth quarter of 2016, a fall from the $92.2 million it reported in the fourth quarter of 2015. However, the Q4 figures take RenRe’s total 2016 net income to $480.6 million, up on the $408.8 million it made in 2015. 1 February 2017
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Aspen Insurance Holdings has released a preliminary view of its underwriting results ahead of the release of its results for the fourth quarter of 2016, noting that it might make a loss in the quarter. 31 January 2017
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Bermuda-based Validus Holdings has purchased Archer Daniels Midland Company’s (ADM) Crop Risk Services business (CRS). 31 January 2017
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Gross written premiums (GWP) at Qatar Insurance Company (QIC) grew substantively in 2016 boosted by the company’s growing international presence, in particular its reinsurance unit Qatar Re, which re-domiciled to Bermuda in 2015. 30 January 2017
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Insurers did their best to reduce exposure to loss making contracts and improve underwriting profitability, leading to the aviation insurance market shrinking in 2016, according to the latest “Plane Talking” aviation newsletter by JLT. 30 January 2017
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Endurance Specialty Holdings has announced that its common and preferred shareholders have voted in favour of the proposed merger of Endurance with and into Volcano International, an indirect, wholly owned subsidiary of SOMPO Holdings (SOMPO). 30 January 2017
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Reinsurers’ profitability is being threatened by pricing as combined ratios suggest that the industry is getting close to reporting underwriting losses, according to Fitch Ratings. 27 January 2017
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AXIS Capital Holdings has created AXIS Specialty Underwriters, based in Miami (AXIS Miami), to be its Latin American and Caribbean (LAC) regional coverholder for AXIS Syndicate 1686. 27 January 2017
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