May 14, 2015
Willis Re, the reinsurance division of Willis Group Holdings plc, has established a syndicated reinsurance facility providing the broadest protection available for insurers against catastrophic and systemic loss accumulations arising from liability portfolios. Named PRIMO, the facility responds to increasing …
May 6, 2015
Bermuda-based RenaissanceRe Holdings Ltd. reported net income available to RenaissanceRe common shareholders of $167.8 million, or $4.14 per diluted common share, in the first quarter of 2015, compared to $151.0 million, or $3.56, respectively, in the first quarter of 2014. …
March 2, 2015
RenaissanceRe Holdings Ltd. announced that it has completed its acquisition of Platinum Underwriters Holdings Ltd. The acquisition was originally announced on November 24, 2014. “The combination of RenaissanceRe and Platinum marks an important milestone for our company, benefiting our expanded …
February 12, 2015
RenaissanceRe Holdings Ltd. announced it has received all regulatory approvals required in connection with its previously announced acquisition of Platinum Underwriters Holdings, Ltd. The transaction remains subject to approval by the shareholders of Platinum at Platinum’s previously announced shareholder meeting …
February 4, 2015
XL Group plc Chief Executive Officer Mike McGavick said employees who are worried about disruption from his company’s planned purchase of Catlin Group Ltd. should think twice about jumping ship. Other reinsurance deals, including last month’s agreement by AXIS Capital …
January 27, 2015
The creation of one of the world’s largest reinsurers in an all-stock merger paves the way for more deals. AXIS Capital Holdings Ltd. and PartnerRe Ltd.’s combination without taking on debt will leave the new firm with ample capacity to …
November 24, 2014
RenaissanceRe Holdings Ltd. and Platinum Underwriters Holdings Ltd. announced that the companies have entered into a definitive merger agreement under which RenaissanceRe will acquire Platinum. Under the terms of the transaction, the common shareholders of Platinum will receive $76.00 per …
November 18, 2014
Stephen Catlin, Catlin Group Limited CEO, has been elected chair of the Association of Bermuda Insurers and Reinsurers (ABIR) for a two-year term beginning January 1, 2015. Catlin succeeds XL Group plc CEO Mike McGavick who completes his two-year term …
November 14, 2014
RenaissanceRe Holdings Ltd. announced that Peter C. Durhager has decided to step down as executive vice president and chief administrative officer, and that Jeffrey D. Kelly, the company’s executive vice president and chief financial officer, will become chief operating officer …
July 26, 2013
RenaissanceRe Holdings Ltd. has formed RenaissanceRe Underwriting Managers U.S. LLC, a specialty reinsurance agency based in Connecticut, which will support the growth of new products and services in the United States specialty market. RenaissanceRe Underwriting Managers U.S., an indirect wholly-owned …