05/19/2023
Artex Risk acquires Irish unit
Allied Risk provides insurance and reinsurance management services as well as actuarial services to clients globally.
AIM and Hedge Funds
05/18/2023
Everest Re seeks $1.5bn of new capital
This would equate to a total capital raise of some $1.5 billion.
05/18/2023
LOM declares nearly $1.9m profit for 2022
In a filing with the Bermuda Stock Exchange, a company statement from chairman and chief executive Scott Lines also noted a significant drop in total revenues and assets under administration.
05/18/2023
Convex flags positives despite 2022 loss
Convex continued to grow and evolve in 2022.
05/17/2023
Sionic ‘Consumer Duty Market Insights’ Survey 2023
The survey includes expert insight on achieving a more outcome-focused approach in supporting consumers.
05/17/2023
Insurers poorly prepared for hurricane season
The 2021 season ranked third in named storms since records began.
05/17/2023
Paysafe loses on Q1 earnings
Revenue from the merchant solutions segment increased 8 per cent.
05/17/2023
Monument Re Acquires Portfolio From Integrale
“The portfolio and its employees will transfer into Monument’s Luxembourg operations upon receipt of all necessary regulatory approvals from the Bermuda Monetary Authority [BMA] and the Commissariat aux Assurances [CAA].”
05/17/2023
Markel unveils rebrand at group level
The company will continue to trade on the New York Stock Exchange under the stock ticker symbol MKL, and there will be no significant structural or organizational impacts.
05/16/2023
The Future of Funds is Bright – Guernsey Funds Forum 2023
The fund invests in 3-D printing that creates ‘whole cut’ structured meat products, cow-free diary produce and non-GMO plant protein ingredients.
05/16/2023
AXA XL shrinks property-cat book in Q1
P&C commercial lines enjoyed premium growth of 7% to reach €11.5 billion and P&C personal lines enjoyed premium growth of 4% to reach €5.9 billion.
05/15/2023
$1.6bn SiriusPoint takeover dies
The stock price of SiriusPoint fell by more than nine per cent on Friday in trading on the New York Stock Exchange.
05/15/2023
Isle of Man to grow cannabis business to diversify economy
British crown dependency hopes to license as many as 10 medicinal cannabis firms by end of 2025
05/12/2023
Fortitude Re expands office space to prepare for growth
The Government’s aim is to create business ecosystem that allows companies to thrive.
05/12/2023
Maiden Holdings announce net loss, change in leadership
Mr Haveron said: “First quarter results were impacted by an underwriting loss in both our AmTrust Reinsurance and Diversified segments.
05/11/2023
2023 Isle of Man Director of the Year awards launched
The awards are free to enter and are open to any directors based in the Island, even if they are not currently linked to the Institute of Directors (IoD) in any way.
05/11/2023
Mastercard collaborates with Maldives Transport and Bank of Maldives to enable digital payments acceptance on the country’s public transport network
The new technology, powered by Mastercard Payment Gateway Services (MPGS), will enable seamless credit card and debit card payments across Maldives’ public transport network, including buses and ferries.
05/11/2023
Credit ratings for Citadel Re withdrawn
Best said the AMIC ratings reflect its very weak balance sheet strength
05/11/2023
White Mountains posts Q1 profit, unveils Outrigger Re
Ark's combined ratio was 94% in the first quarter of 2023 compared to 100% in the first quarter of 2022.
05/10/2023
Assured Guaranty Q1 profit up, revenue down
The insurance segment adjusted operating income was $117 million, gross written premiums were $86 million, and the present value of new business production was $112 million for first quarter 2023.