PartnerRe's specialty segment boosted its underwriting income by more than 25% in 2017, but that was not enough to prevent it from posting a sharp reduction in net profit for the year when compared with 2016.
The company's international unit took the greatest hit from last year's catastrophes, while its US operations saw a less drastic drop in income as well.
Completion of the acquisition of United Guaranty Corporation gave Arch Capital's mortgage segment a 274% boost in underwriting income.
The inclusion of Novae caused Axis Insurance's net premiums written to spike during 2017's fourth quarter, but the firm's reinsurance offering also saw a substantial increase during the period.
Chris O'Kane did not hold back from expressing his frustrations at Aspen's 2017 results, and said the firm was redoubling its efforts to turn around its performance.
The latest digital edition of Reactions leads on an interview with Arch Capital's Dinos Iordanou while there is also a focus on the alternative capital market and a look at some of the leading offshore domiciles.
Barbican's new Hamilton, Bermuda based office will offer opportunities for significant sustainable growth in the US the firm believes.
The firm hit posted an operating profit for 2017 after boosting its investment income by 15% year on year.
Now that the alternative capital market has proved its resilience to the market as a whole, investors can turn their attentions to new geographies and exposures.
Profiles: Contrary to the diverse consumer base insurance serves, most industry C-suites are dominated by white, older men. Reactions speaks to some of the industry’s most renowned women as well as what can be done to get more women in the industry.
Interview: The top threat to catastrophe reinsurer RenaissanceRe’s new CEO Kevin O'Donnell maintaining his predecessor’s enviable returns is a flood of alternative reinsurance capacity settling for single-digit returns. He is bullish about RenRe's future.
Interview: Albert Benchimol has had a busy year since taking over as CEO of Bermudian insurer and reinsurer Axis Capital, dealing with the ousting of its chairman and Superstorm Sandy losses. He is now confident that a strong period of growth is ahead for his firm.
John Nelson has had a busy first year as chairman of Lloyd’s, with the market’s Vision 2025 plan his biggest contribution so far. He believes the make-up of firms and people at Lloyd’s is not diverse enough.
Ed Noonan, CEO of Bermudian reinsurer Validus, has responded to missing out on Transatlantic Re by launching a $500m joint venture with hedge fund manager John Paulson and agreeing to buy Flagstone Re for $623m. He says it is time to adapt or die.
Interview: Tokio Marine’s reinsurance unit is aiming to grow in Europe and beyond, according to group CEO Tatsuhiko Hoshina and Continental Europe CEO Stephan Ruoff.
INTERVIEW: Mark Watson, CEO of Argo, says that his firm is looking to expand, but won’t rush into any decisions.
Interview: Former Alterra reinsurance CEO John Berger has proclaimed his new reinsurance firm, Third Point Re, alive and well following it receiving a financial strength rating of A from AM Best in early January.
INTERVIEW: Greg Case, CEO of Aon, believes that the insurance broker can help its customers manage their way through the tough global operating environment and rise to the challenge of new and complex risks by working on a more robust fact basis.
In this month's Reactions