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Insurance
Reinsurers based in countries without Solvency II equivalence could have a shock during the forthcoming renewals as they encounter significant but often unexpected obstacles to doing business with some European countries, Brad Kading, president of the Association of Bermuda Insurers and Reinsurers (ABIR), told Monte Carlo Today. 11 September 2016
Insurance
XL Catlin extended its global property insurance capacity to $400 million, an increase of more than 25 percent compared to its previous $300 million capacity, to accommodate increasing property values around the world and more complex risks. 9 September 2016
Insurance
The Catastrophe Risk Exchange (CATEX) has agreed to provide RenaissanceRe a worldwide a license to a software application that manages the full range of a delegated authority binder or programme transactions. 8 September 2016
Alternative Risk Transfer
Having weathered competitive and recessionary challenges, Bermuda is experiencing a renaissance of sorts. Turbulence and uncertainty in other global hubs are making the industry’s traditional incubator of change look very much like a safe harbour for companies seeking robust and innovative risk-transfer solutions. Bermuda:Re+ILS reports. 2 September 2016
Insurance
Qatar Re experienced substantial growth and a rise in profits in the first half of 2016, driven by client and broker relationships as well as its status as a re/insurer within Bermuda, the company said, despite what it called “unabated headwinds”. 30 August 2016
Insurance
International General Insurance (IGI) experienced steady growth and a substantial increase in net profits in the first half of 2016, despite difficult market conditions. 30 August 2016
Insurance
Allied World Assurance has appointed Dale Chow as senior vice president, professional lines for Allied World Bermuda. 26 August 2016
Insurance
Willis Re has appointed Chris McDowell as the chief executive officer of Willis Re Bermuda, effective January 1 2017. 24 August 2016
Insurance
Argo Group’s gross written premiums (GWP) have increased to $1.08 billion in the first half of 2016, an increase of 4.4 percent from 2015, according to its 2016 mid-year report. 23 August 2016
Insurance
Endurance Specialty Holdings has introduced a new workers’ compensation product for the clients of Global Risk Solutions, a business line that targets middle market and large account risk management clients within select global industry verticals. 23 August 2016
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