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Operating income was $540.3 million, up from $426.3 million in the third quarter of 2023

Sidecar is co-owned by RenaissanceRe and State Farm Mutual

The agency recently included the company on a ranking of the world’s largest 50 reinsurers

RenaissanceRe seals takeover of Validus last year and its performance has “outperformed initial expectations against every relevant metric”

The company’s president and chief executive says it is “one of the most favourable business environments in our history”

Dellwood Insurance Group is launched by two veterans of the local market, and backed in part by island-based RenaissanceRe and PartnerRe

Credit ratings agency also affirms financial strength rating and long-term issuer credit ratings

Insurance infrastructure platform secures more than $130 million in new reinsurance capacity

The cover will likely be effective when the Validus-RenaisaanceRe deal is concluded, according to a statement

The transaction is expected to close in the fourth quarter and is subject to customary closing conditions and regulatory approvals

Net income recorded by 19 top reinsurers fell 56 per cent in 2022, a report by global professional services firm Aon has revealed

Bermudian-based RenaissanceRe Holdings Ltd has estimated that losses from certain 2022 catastrophe events will have a net negative impact of approximately $650 million on the company’s third-quarter results. This estimate is primarily driven by the n...