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Insurance
MSIG at Lloyd’s posts record results
Mitsui Sumitomo Insurance Group (MSIG) at Lloyd’s has posted solid profits for the year ended December 31, 2013.   19 September 2014
Insurance
PERILS expands windstorm loss database
Over the last 12 months, PERILS, the independent Zurich-based company providing industry-wide catastrophe insurance data, has grown its industry database—and it has plans to grow it further over the coming year.   19 September 2014
Insurance
Investors seek injunction on sale of Tranquilidade
Earlier this week, Novo Banco, the successor of Banco Espirito Santo, agreed to sell insurer Tranquilidade to private-equity firm Apollo Global Management.   18 September 2014
Insurance
Willis & CGSC to pilot Netsett platform
Willis and Cooper Gay Swett & Crawford (CGSC), along with Ruschlikon UK members, ACE, XL Group and Generali are set participate in the pilot of Xchanging and Deutsche Bank’s Netsett platform.   18 September 2014
Insurance
ECJ ruling to bring million pound VAT costs
A landmark ruling by the European Court of Justice (ECJ) is set to bring a huge VAT bill to banks, insurers and other financial services across Europe.   18 September 2014
Insurance
Chubb offers A&H at Lloyd’s
Chubb Syndicate 1882 at Lloyd’s has expanded its offering with the addition of an accident and health (A&H) business.   18 September 2014
News
Gable enjoys decreases in a buyer’s market
It would be “crazy” to carry more risk on the balance sheet than is necessary at a time when reinsurance is so cheap, believes William Dewsall, chief executive of European non-life insurer Gable Insurance, who attends Monte Carlo to meet and negotiate with his company’s reinsurers and brokers.   17 September 2014
News
Strategic Antares seeks composite coverage
Following changes to its reinsurance buying strategy at the end of 2013, Antares Underwriting is now focused on composite coverage in order to amalgamate numerous risks, Richard Anson, head of ceded reinsurance at Antares, told Monte Carlo Today.   17 September 2014
News
Zurich cuts panel; mulls direct relationship with ILS investors
Zurich Insurance is buying less reinsurance as it seeks to actively deploy its own internal capital, according to Paul Horgan, global head of group reinsurance at the insurer.   17 September 2014
Insurance
Xchanging to invest a further $200m in industry
Technology provider Xchanging will invest a further $200 million into insurance solutions as part of its five-year strategy for global growth in the market.   17 September 2014

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