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PartnerRe Ltd made a profit of $216 million in the third quarter, compared to a loss of $106 million for the same period last year. The Bermudian-based reinsurer reported net realised and unrealised investments gains of $41 million on fixed maturitie...

More than 250 delegates, many from overseas, heard from chief executives of the world’s largest insurers and reinsurers at the PwC Insurance Summit yesterday. The event is now in its 14th year and was presented by the Financial Times and two of its l...

Reinsurers face multiple challenges in a fast-changing world, Brian Duperreault told delegates at a conference in Hamilton yesterday. In his keynote address at the S&P Bermuda Reinsurance Conference yesterday, the chief executive officer of American ...

Ed, the global reinsurance, wholesale and speciality broker, has appointed John Turner as chairman of Ed Bermuda. Mr Turner joins from Aon, where he was most recently chairman, Aon commercial risk solutions UK & Americas. He has more than 40 years’ ...

Hayley Johnston has been named as the new chief executive officer of Lancashire Insurance Company Limited. She will assume the role next spring. She succeeds Elaine Whelan, who announced her retirement plans earlier this year, and will step down as C...

Bermudian reinsurers have struggled for profitability over the past two years, but prospects are looking brighter in 2019, according to a top industry analyst. Taoufik Gharib, senior director of S&P Global Ratings, said data over the first three qua...

Bermudian-based Hamilton Insurance Group Ltd has announced the launch of a new team of underwriters at recently-acquired Pembroke Managing Agency Ltd as well as the development of a new cyber product. Pembroke’s four-person cyber team is led by divi...

Even when you are in the business of risk modelling and looking at all manner of potential perils, there are some concerns that overshadow others. Whether you call it climate change, extreme weather events, or simply a “mega catastrophe” of the $400 ...

Mark Watson has stepped down as chief executive officer of Argo Group International Holdings. The surprise immediate departure comes only months after a bruising proxy battle with activist investor Voce Capital Management LLC. Argo is due to release ...

Insurance prices are increasing at an accelerating rate, according to Evan Greenberg. The chief executive officer of Chubb Corp expressed his thoughts on a firming market after the group beat Wall Street estimates with third-quarter net income of $1....

Markel Corp reported third-quarter earnings of $193.4 million as underwriting performance improved. The Glen Allen, Virginia-based company with re/insurance operations in Bermuda said it had net income of $13.95 per share. The results exceeded analys...

Insurers and reinsurers may not be able to stop climate change, but they can take a role in reducing its effects and helping people recover when catastrophes happen. Ways they can do so include incentivising property owners to make wiser choices abou...