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  • Bermudian reinsurers Everest Re Group and PartnerRe Ltd emerged relatively unscathed from high-profile second quarter Australian and UK cat events to report net earnings increases of 28 percent and 35 percent, respectively, for the period.
  • Despite recording healthy half yearlies significantly outpacing analysts’ expectations, Zurich Financial Services (ZFS) continues to be clouded by concerns over its loss-making finite reinsurance arm Centre.
  • Bermudian Allied World Assurance Holdings (AWAC) announced a fourth quarter net loss of $23.9mn from last year with the company suffering an $83mn hit from Hurricane Wilma. The company’s net loss for 2005 was $159.8mn, down significantly from the...
  • Bermudian giants ACE Ltd and XL Capital reported analyst-beating first quarter profits last week, but the companies’ performances met with a mixed response from analysts.
  • Reinsurer Swiss Re looks to be in good health with the group set to be a winner from the recent hurricane season.
  • The US Senate passed a seven-year extension to the Terrorism Risk Insurance Act (TRIA) last Friday (16 November).
  • Lloyd's insurer Novae saw pre-tax profits plummet from £40.2mn in 2008 to £4.2mn in 2009, after a difficult first half punctuated by aviation reinsurance and trade credit losses.
  • JRG Reinsurance Company has become the latest reinsurer to launch on Bermuda, with $250mn of capital to write working layer reinsurance business for US specialty insurers.
  • Lloyd's has confirmed underwriting capacity at 1 January 2008 of £15.95bn, only fractionally down on the £16.1bn the market began 2007 with.
  • Within the run-off industry, you do not have to travel far to hear complaints over poor service provided by brokers on discontinued accounts.