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ABIR promotes exec to senior public policy role

The Association of Bermuda Insurers and Reinsurers (ABIR) has promoted Traver Alexander to senior public policy and regulatory affairs representative. 2 March 2016

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Starstone results rocket thanks to P/C unit performance

Starstone Insurance, the Bermuda-based specialty insurer and subsidiary of Enstar Group, saw its 2015 net earnings soar to $20.8 million, compared with $4.3 million in 2014. 2 March 2016

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Three hand in resignations at Cathedral after management changes

Lancashire Holdings, the Bermuda-based insurance company, has revealed major changes in the underwriting teams of its subsidiary Cathedral. 1 March 2016

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Ironshore introduces new $1m private insurance portfolio

Ironshore, the Bermuda-based insurer, has established a dedicated Private Client Group to introduce its new insurance plan, the Ironshore private insurance portfolio. 1 March 2016

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Hiscox results fall slightly, despite growth

Bermuda-based Hiscox Insurance posted a slight fall in its pre-tax profit in 2015, but the company did grow its gross written premiums (GWP) and reported that Hiscox Re is performing well. 1 March 2016

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XL proposes redomestication of headquarters to Bermuda

XL Group, the global re/insurance company, is proposing a redomestication of its parent holding company’s place of incorporation to Bermuda from Ireland. 29 February 2016

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White Mountains approves repurchase of 1 million shares

White Mountains Insurance Group, the financial services holding company, has authorised the repurchase of up to an additional 1 million common shares. The timing is subject to market conditions. 29 February 2016

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Assured Guaranty results dip, but it enjoys growth

Assured Guaranty, the financial guaranty insurance company, has reported a slight fall in its profits for 2015, posting a profit of $1.06 billion last year, compared with $1.09 billion in 2014, affected by an increase in loss adjustment expenses (LAE). 26 February 2016

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Third Point Re results affected by investment losses

Bermuda-based Third Point Re has reported a net loss of $87.4 million in 2015, compared with net income of $50.4 million in 2014. 26 February 2016

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Bermuda re/insurers will face earnings pressure in 2016: Fitch

Bermuda re/insurers face a negative sector outlook due to increased capital supply and sluggish demand, according to Fitch Ratings. 25 February 2016

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