Bermuda-based insurer and reinsurer, AXIS Capital Holdings Limited, has reported operating income of $149 million for the second-quarter of 2022, down from $171 million in the prior year quarter.

Florida headquartered primary insurer FedNat has lost its ‘A’ rating as Demotech has downgraded its Financial Stability Ratings (FSR) to ‘S’ (Substantial), putting the carrier at-risk of its policies not being allowed for mortgaged homes.

A new paper from Hymans Robertson, a leading pensions and financial services consultancy, advises trustees of defined benefit (DB) pension schemes to look beyond price when selecting an insurer for buy-in or buy-out transactions.

Coalition, an active insurer focused on preventing digital risks, has appointed Matt Foster as its Head of London Markets.

Markel International has appointed Matthew Rowland and Clifford Blayney as senior underwriters to their renewable energy team, where they will specialise in offshore wind.

The Fidelis Partnership (TFP) has announced the launch of a new managing general agent (MGA), Corsiam Specialty Limited, which will focus on underwriting a broad portfolio of global Accident & Health (A&H) insurance and reinsurance business.

The Lloyd’s Market Association (LMA) has released revised clauses in response to the Oil Price Cap Coalition’s announcement of additional measures to reduce the possibility of circumvention of the oil price cap.

According to PwC’s 27th Annual Global CEO Survey, the proportion of CEOs concerned about their long-term business viability has risen to 45% as tech and climate pressures accelerate.

Bermuda domiciled insurer and reinsurer, Everest Re Group, has reported a strong start to 2022 with net income of $298 million and an improved combined ratio of 91.4%, while premiums across the group spiked by 9%.