Bermuda
Future market challenges: After the storm
Amid the unprecedented economic pressures and turbulence of recent years, the insurance industry has performed admirably. Now Mark Winlow urges companies to concentrate on the key catalysts for change and understand the consequences their responses will…
News analysis: H1 reinsurer results slump
Bermudan reinsurers recorded huge drops in profits following heavy claims from the catastrophes experienced in the first half of the year, though elsewhere some reinsurers fared better, writes Katherine Blackler.
Lancashire Insurance Company appoints head of underwriting
Lancashire Insurance Company Limited, the Bermuda operating subsidiary of Lancashire Holdings Limited, has announced the appointment of Simon Fascione to the position of head of underwriting reporting to Charles Mathias the chief underwriting officer.
London remains "key location" for insurance industry
A new report into the issue of domiciles for property & casualty insurers and reinsurers has found access to markets was overwhelmingly the key criteria.
Hardy appoints property underwriters
Hardy Underwriting Bermuda has recruited two underwriters within its non-marine property division of its Lloyd’s Syndicate 382.
Bermudan delegation to discuss ILS issues in New York
As a result of an upsurge in interest in the creation and listing of Insurance Linked Securities, a delegation from Bermuda is set to meet key industry figures in New York.
Reinsurers challenged over use of excess capital
In an exclusive interview with Reinsurance, Chris Klein global head of business intelligence at Guy Carpenter has challenged reinsurers to think creatively about how to use their excess capital.
10 years ago: Ace pulls plug on life syndicate
Looking back through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 10 years ago reveals.
BIS Countdown - Mike Morrisey: The international agenda
The International Insurance Society claims to be the largest multinational organisation of its kind, with almost 1000 members from more than 90 countries. Ahead of his keynote address at the British Insurance Summit, president and chief executive Michael…
Interview - Ken MacDonald: Keeping it simple
As former chief exec of Aon Global UK, Ken MacDonald has been refreshed by a return to a private company. Lynn Rouse talks to Miller's head of corporate risks about triple-digit growth and targeting FTSE 250 firms.
Retail expansion key as Hiscox remains cautious
Hiscox plans to continue expanding its UK, mainland Europe and US retail businesses despite adopting a cautious outlook for the second half of 2010.
Amlin H1 GWP hits £1.5bn, bolstered by 2009 acqusiition
Amlin has reported a profit before tax of £107.6m (H1 2009: £177.1m) for the first six months of 2010 on gross written premium of £1.5bn (H1 2009: £950.1m).
Hiscox profit falls to £97.2m in H1 but ready for "surge" in growth
Hiscox this morning reported a profit before tax of £97.2m for the first six months of 2010 (H1 2009: £141.4m) on gross premiums written of £904.3m (H1 2009: £906.0m).
Tawa takes over Island Capital
Tawa has entered a share purchase agreement to acquire 94.3% of the issued shares of Island Capital, and its wholly-owned UK subsidiary, Island Capital (Europe).
Axis expands accident & health team
Axis Global Accident & Health, a division of Axis Capital Holdings has appointed Giles Allen as senior vice president, international accident & health insurance operation Global Accident & Health.
Omega warns of $35m expected loss
Omega expects to report a loss before tax of approximately $35m for the first half of 2010.
Deepwater Horizon prompts Catlin offshore energy u-turn
Catlin Group has reversed its decision to withdraw from the offshore energy market as the Deepwater Horizon disaster has caused rates to turn.
Validus makes $6.6m operating loss for H1 2010
The Bermudan (re)insurer has recorded an operating loss of $6.6m for the six months ended 30 June 2010, compared with a net operating income of $210.8m for the same period in 2009.
PartnerRe income plummets
PartnerRe reported net income of $190.9m, or $2.31 per share on a fully diluted basis for the second quarter of 2010. Net income for the second quarter of 2009 was $474.3m.
Hardy profit nosedives in first half results
Hardy Underwriting Bermuda's profit before tax has fallen to £0.8m (H1 2009: £7.8m) after it was hit by a string of catastrophic events.
Alterra Q2 results see Max net income more than doubled
Alterra Capital Holdings has reported net income of $103.4m for the second quarter of 2010, compared to net income of $43.8m for Max Capital in the same quarter of 2009.
Flagstone reports Q2 net income fall
Flagstone Re's net income for the second quarter fell to $13.3m, or $0.17 per diluted share, compared to a net income of $67.8m, or $0.80 per diluted share in the quarter ended June 30 2009.
Aspen profits hold steady in Q2
Aspen today reported net income after tax for the second quarter of 2010 of $108.9m and operating earnings of $1.23 per diluted ordinary share. This compares to net income after tax of $110.4m and operating earnings of $1.14 per diluted share for the…
Everest Re Q2 profits drop as CEO announces retirement
Everest Re reported second quarter 2010 after-tax operating income, which excludes net realized capital gains and losses, of $184.8m, or $3.18 per diluted common share, compared to after-tax operating income of $256.2m, or $4.16 per diluted common share,…