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PartnerRe today reported on the “significant industry event” that was Hurricane Ian, but said the net loss attributable to common shareholder of more than $1.5 billion for the first nine months of the year (2021 9m: $317 million profit), was due to u...

The hardening market in the reinsurance sector is the best in decades, a leading insurance executive has said. Conduit Re executive chairman Neil Eckert made the comment as his company released its third quarter trading statement. Mr Eckert said: "As...

Bermudian-based Maiden Holdings Ltd has reported a net loss attributable to common shareholders of $8.2 million for the third quarter of the year. That compares to net income of $2.9 million in the third quarter of 2021. Non-GAAP operating loss was $...

AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of Bermuda captive Evergreen Insurance Company Limited, with a stable outlook. The ratings reflect EICL’s balance sheet stre...

AM Best has affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit rating of “aa-” (Superior) of XL Bermuda Ltd (Axa XL) and its subsidiaries. The outlook of these credit ratings is stable. The ratings reflect Axa XL’...

Everest Reinsurance, the reinsurance division of the Bermudian-based global re/insurer Everest Re Group Ltd, has announced that David Mann will join the company as vice-president, head of casualty for Everest Reinsurance (Bermuda) Ltd, UK branch, eff...

Apollo, the independent specialist insurer and reinsurer, has entered into a partnership with Envelop Risk, who will underwrite a new class of cyber reinsurance business within Apollo Syndicate 1971, with effect from the 2023 year of account. This ne...

Under fire Argo Group International Holdings Ltd, the Bermudian-based underwriter of specialty insurance products, has reported a net loss attributable to common shareholders of $51.4 million for the third quarter of the year. That compares to net in...

Bermudian-based holding company Assured Guaranty Ltd has reported net income of $11 million in the third quarter. That compares with net income of $17 million in the third quarter a year ago. This year’s third quarter result includes after-tax losses...

Alex Baker has been promoted to the post of group chief risk officer at Hamilton Insurance Group Ltd. as of January 1, subject to the requisite regulatory approval. Mr Baker will report to group CEO Pina Albo and replaces Pete Skerlj, who will be lea...