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Insurance
Aspen’s annual results reveal a ramping up of its insurance business, despite its reinsurance business being the more profitable segment. 10 February 2014
News
Beazley delivered some small growth and a substantial increase in its profits in 2013. It also warned intensifying competition in some areas but also remains bullish on its ability to find profitable opportunities across the breadth of its business. 9 February 2014
Insurance
ACE Group has strengthened its UK team with the appointment of Nick Lee as head of client management, UK & Ireland. 7 February 2014
News
Increased retentions by cedants and the growing inflow of capital into alternative risk transfer structures such as ILS combined to create a competitive and highly pressured renewals, according to Hannover Re. 6 February 2014
Insurance
Global insurance pricing was down in all areas except the US at the end of 2013 according to Marsh. 6 February 2014
Insurance
Former Royal Bank of Scotland (RBS) CEO, Stephen Hester has been appointed as group chief executive and director of RSA Insurance Group. 5 February 2014
News
French reinsurer SCOR has said it witnessed and benefitted from further changes to the reinsurance market in the recent January renewals with more cedants restructuring their programmes in favour of bigger players able to offer global solutions across many lines of business. 5 February 2014
News
Validus Reinsurance, Switzerland has appointed Florian Lutz as senior vice president and senior underwriter. Lutz has over 20 years of re/insurance experience in both property and specialty lines, most recently with Axis Re in Zurich. 5 February 2014
Insurance
European re/insurers are wary of the recent sanction relief surrounding coverage of Iranian oil exports. That is the opinion of John Markham, an associate specialising in competition law and Alaina Wadsworth, an associate in the insurance and reinsurance Group from law firm CMS Cameron McKenna. 5 February 2014
News
Munich Re, the largest reinsurance company in the world, has posted a better profit than anticipated for 2013, despite a small drop in its gross premiums written. 4 February 2014
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