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Bermuda exempted company Arch Capital Group Ltd posted second-quarter profits of about $404 million, with net income available to Arch common shareholders of $394.2 million ($663.8 million in 2021). Gross premiums written were up nearly 18 per cent t...

Everest Re Group second-quarter 2022 results include net income of $123 million ($680 million in 2021). Gross written premium was up 8.1 per cent over the comparative period to $3.4 billion. Combined ratios were 91.8 per cent for the group, including...

Lancashire Holdings Limited had a $7.1 million loss for the six months ended June 30, 2022, after strong growth of 34.6 per cent in gross premiums written year on year to $938.1 million. “We continue to see attractive rate increases across a number o...

Axis Capital Holdings Ltd has reported second quarter net income available to common shareholders of $27 million. That compares to net income available to common shareholders of $228 million for the second quarter of 2021. Gross premiums written incr...

A lot of records fell as Chubb reported reduced second-quarter net income of $1.22 billion, down from $2.27 billion from the same period in 2021. Net income in the quarter was adversely impacted by realised losses of $565 million after tax, principal...

Net realised and unrealised losses of a staggering $654 million, primarily in the fixed-maturity investments portfolio, crashed Bermuda reinsurer RenaissanceRe to a startling 2022 Q2 net loss of $324.9 million. The poor investment performance, driven...

Allied World Bermuda is concluding a structured eight-week summer internship programme on Friday, July 29 for four talented Bermudians — Eden Robinson (McGill University), Grace Reeves (Queens University), Madison Smith (Acadia University) and Nichol...

AM Best has affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit rating of “aa” (Superior) of Bermudian-based Assured Guaranty Re Overseas Ltd. The outlook of these credit ratings is stable. The ratings reflect Agro...

Bermudian-based Fidelis Insurance Holdings Limited will create a new managing general underwriter that, subject to regulatory approval, will be separated from the existing balance sheet insurance companies. The new structure will allow each entity to...

Industry veteran Charlie Fry has rejoined American International Group Inc, the global insurance organisation. After departing AIG in 2020, Mr Fry served as chief executive officer of Acacia Holdings Ltd, the Bermudian-based capital investment compan...