Bermuda
Markel to buy Alterra in $3.1bn deal
Markel is to acquire Bermudian insurer and reinsurer Alterra for a combination of stock and cash totalling $3.1bn.
Arch faces legal challenge in Malta over D&O policy
Lloyd's insurer Arch Insurance Company (Europe) is being challenged in the Superior Courts of Malta in connection with a directors' and officers' policy for European Insurance Group.
Deutsche Bank director joins XL
Former Deutsche Bank director Craig Wenzel has joined XL's reinsurance operations as senior vice president of capital markets.
Fitch affirms Flagstone ratings after Validus deal
Ratings agency Fitch has confirmed that it will take no action on the ratings of Flagstone Re after it was purchased by Validus at the end of November.
Former Axis chairman could start Asian insurer
Axis Capital founder John Charman is planning to return to the insurance industry, possible through the creation of an Asian insurance company.
Lancashire records 48.9% Q3 combined ratio
Lancashire has reported a marginal increase in the combined ratio and a fall in net operating profits in its Q3 results.
Lancashire launches Saltire sidecar
Bermudian insurer and reinsurer Lancashire Holdings is to create a new sidecar, Saltire Re I.
Hiscox attributes £1.2bn GWP to errors and omissions rate rises
Hiscox has reported gross written premium of £1244.4m for the nine months to 30 September 2012, a 6.4% increase on £1169.5m for the same period in 2011.
Aspen insurance segment drives GWP growth
Aspen has reported a 12.7% increase in gross written premium in the third quarter to $558.4m, the majority of the growth resulting from a 36.2% increase in the insurance segment.
Everest Re reports Q3 income surge
Bermudian insurer and reinsurer Everest Re has seen takings swing sharply upwards in its third-quarter results.
Flagstone Re announces Validus EGM date
Luxembourg-domiciled Flagstone has announced a shareholder vote on an acquisition by Validus.
Tawa sells reinsurance businesses
UK insurer Tawa is to sell 100% of its shares in KX Reinsurance and its subsidiary OX Re to Catalina for a maximum of $30m.
Noonan: Flagstone integration on verge of completion
The merger with Flagstone Re could be complete within a fortnight, says Validus chairman and CEO Ed Noonan.
Reinsurers showing resilience under weight of catastrophes
The top 50 global reinsurers' financial positions coming out of 2011 shows the sector's resilience through one of the costliest catastrophe years in history, according to a report by AM Best.
BMS reinforces global expansion with Sequel technology deal
Specialist broker BMS has moved to support its expanding international presence by appointing Sequel to run its insurance and reinsurance broking systems in the London market, the US and Bermuda.
BMS to run London market, US and Bermuda operations on Sequel
Specialist broker BMS Group has chosen Sequel to run its insurance and reinsurance broking systems in the US, Bermuda and the London market.
XL makes dual reinsurance promotion
XL’s reinsurance operations has appointed Mark Berry and Paul Simons to senior vice president and managing director, international property & specialty and senior vice president, head of US property treaty, respectively.
Canopius seals Omega deal
Private-equity backed insurer Canopius’s acquisition of Omega has completed today, increasing its annualised premium income to more than £1bn.
Catlin registers H1 boom in net underwriting contribution
The Catlin Group has chalked up a record $443m (£284m) in net underwriting contribution for the first half of the year, with results also showing the Bermuda-based firm maintaining a combined ratio of 86%.
Canopius primed for Bermuda departure amid Tower merger
Canopius will exit its existing Bermuda reinsurance operations after New York-listed Tower Group exercised its option to merge.
Industry role for Canopius claims boss
Mike East, head of operations and claims at Canopius Managing Agents, has been named as the new chairman of the Lloyd's Market Association's claims committee.
Argo Re recruits underwriter for Dubai team
Argo Group International Holdings has appointed Jason Dsouza as a casualty and professional lines underwriter for Argo Re in Dubai.
Lancashire reports hike in profit to $102.6m
Lancashire has reported a 35.5% increase in gross written premium to $514.8m in the first half of the year, compared with $379.8m in the same period in 2011, reporting growth across three of its four main classes of business.
Hardy boss looks to the future after restructure and sale are finalised
Hardy chief executive Barbara Merry has said the business can now “look to the future”, following a restructure of its property treaty book and conclusion of its sale to US insurer CNA.