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European run-off specialist DARAG is seeking partners to help it fund an initiative that would enable a search and rescue vessel in the south Mediterranean Sea to operate for longer than it normally would—something that could save the lives of thousands of refugees. 13 September 2015
Insurance
Pioneer Underwriters, a subsidiary of Minova Insurance, has appointed two former XL Catlin executives to launch a professional liability division. 13 September 2015
Insurance
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has unveiled plans for Lloyd’s insurer Novae’s Zurich-based credit and surety reinsurance team to transfer to LSM 13 September 2015
Insurance
Broker Marsh has agreed to acquire independent insurance broker Jelf for 215p ($3.3) per share. 13 September 2015
Insurance
Barbican Insurance Group has received in principle approval from Lloyd’s to manage a syndicate funded by Credit Suisse’s ILS team. 13 September 2015
Insurance
Folgate Insurance Company has returned to active underwriting a year after being acquired by APC Underwriting. 13 September 2015
News
Reinsurer Everest Re has received in principle approval from Lloyd’s to found Everest Syndicate 2786. 13 September 2015
Insurance
With Solvency II implementation just months away, the run-off market is experiencing heightened activity, a vast upscale in transaction sizes and ambiguity between ‘pure’ run-off deals, as Arndt Gossmann, CEO, DARAG, tells Intelligent Insurer. 13 September 2015
Insurance
Despite its reputation as a networking hub for reinsurers and any company connected to or seeking to work with the reinsurance industry, it seems the primary motive of most attendees at the Monte Carlo Rendez-Vous is not to secure new business—it is simply to cement relationships with existing clients. 13 September 2015
News
More experienced alternative investors in the reinsurance space will not be put off by losses in the sector, but less experienced participants will disappear over time, believes Torsten Jeworrek, member of Munich Re’s Board of Management. 13 September 2015
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