Bermuda’s Maiden has veered off course and appears to be going in a very different direction.
XL Group has accelerated the de-risking of its book by ceding more business to reinsurers and significantly reducing its maximum loss exposures to US cat events, re-Insurance.com’s analysis of the Bermudian firm’s second quarter results shows.
Up-for-sale Bermudian Aspen reported a small second quarter earnings miss yesterday (1 August) while revealing the impact of a major de-risking of its gross exposures following last year’s heavy losses.
Although we are less than half way through the second-quarter reporting season, investors have already proved that they have a short fuse when when it comes to any perceived disappointments in company results.
A group of senior risk managers and insurance buyers have threatened to leave traditional insurance markets if the available coverage does not adapt to reflect changes in how businesses operate.
Following the announcement on Friday that Lloyd’s CEO Inga Beale will leave the Corporation later this year, re-Insurance.com looks at the likely candidates that will be considered by the Corporation’s chairman Bruce Carnegie-Brown to succeed her…
Re-Insurance.com’s revelation earlier this week that Merck may still look to recoup hundreds of millions of dollars of cyber losses from insurers on its $1.75bn property program would see the bill for the US pharmaceutical firm’s NotPetya hit dwarf any other insured cyber loss.
After weeks of wrangling and looming uncertainty about whether or not it would get over the line, AmTrust’s CEO and his wife’s family have finally won out in their bid to take the firm private in a $2.95bn deal with Stone Point which has faced substantial opposition from activist and ...
If one of the main themes of the recent results season was the signs of upward rate movements after last year’s cat events, a sub-theme was the typically poor investment return of many carriers and the impact of rising interest rates on fixed income portfolios in Q1 2018.
JC Flowers’ acquisition of niche London market brokers SSL and Endeavour marks a growing trend of private equity firms purchasing stakes in distributors, with a particular flurry of activity sweeping the London market.
It is never nice to post a $6.2bn loss in your equity portfolio in one quarter - least of all when you are Berkshire Hathaway, the company famous for its stock picking boss - but that load looks a little lighter when your (re)insurance operations return to profitability and it ...
Talk of meaningful reinsurance rate hikes for Florida business appear to have resulted in very little actual movement in price as details of the key 1.6 renewal start to emerge.
Early reporting US and Bermudian (re)insurers have posted a strong underwriting performance for the first quarter despite a spate of catastrophes across North America which have blighted the results of several outliers.
With Aspen first round bids due at the end of this week, Re-Insurance.com looks at its larger Bermudian peer Axis which has a more credible track record, trades on a lower multiple and owns a better insurance franchise.
The reinsurance sector posted a hefty 104.8 percent combined ratio last year as the market was stung by $144bn of losses from natural catastrophes, broker Willis Re has said.