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The results came despite higher revenue for the Bermudian-based firm

But insurer remains profitable across all three segments to post net income of $28 million

ILS assets under management hit record $3.1 billion

Softening renewal market means reinsurer will pursue business with better risk-adjusted returns

Higher-than-expected claims from earlier years continue to plague reinsurer

Deal aims to expand Bermuda bank’s regional presence

Specialty underwriter posts net income of $202 million

Profitability remains strong, with a return on average common equity of 21.3 per cent

CEO Nicolas Papadopoulo describes “transitioning market”

Shares of global banking group dip nearly 6 per cent, despite $9.6 billion pretax profit

Net income is $1.6 million for the second quarter, down from $2.5 million

Insurer sees health insurance claims fall below historical levels in first six months