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Reinsurance sector net income jumps 75% in H1

Aggregate net income of the reinsurance sector increased nearly 75 percent year on year to $14.5 billion in the first half of 2018, according to Willis Towers Watson.   6 September 2018

Insurance

St. Maarten joins Caribbean’s cat risk facility CCRIF SPC

St. Maarten has joined CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility), purchasing coverage for tropical cyclones, earthquakes and excess rainfall.   6 September 2018

Insurance

Typhoon Lekima insured losses in China estimated to exceed $855m: AIR Worldwide

Insured losses from Typhoon Lekima that ravaged parts of China this weekend is expected to exceed CNY 6 billion ($855 million), according to catastrophe risk modelling firm AIR Worldwide.   15 August 2019

Insurance

Everest Insurance bolsters excess casualty group with Chubb, ex-XL Group duo

Everest Insurance, the specialty insurance division of Bermuda-based Everest Re Group, has added two new senior executives to its US excess casualty group, following the recent team expansions in the Midwest and West regions.   14 August 2019

Insurance

QBE North America appoints Eric Sanders as head of claims

Specialist insurer QBE North America has appointed Eric Sanders as head of claims.   14 August 2019

Alternative Risk Transfer

Willis Re helps Covéa Mutual complete €120m 4-year cat bond

The deal uses an indemnity trigger and provides protection against windstorm and other weather-related events.   19 November 2019

Insurance

Typhoon Mitag expected to grow in intensity as it moves past Taiwan on a northward track: Aon

Typhoon Mitag has prompted weather warnings in Japan and China as it grows in intensity, tracking northward off the south-southeast coast of Taiwan.   30 September 2019

Insurance

Three hires boost AIG’s trade credit team

Insurer AIG Europe has made three new appointments to its trade credit team. Oliver Lambert, Marius Wolmarans and Ulf Cramer join the team   8 April 2014

Insurance

Arch Capital reveals new CFO replacing Lyons

Bermuda-based Arch Capital Group (ACGL) has appointed François Morin as executive vice president and chief financial officer (CFO), reporting to president and CEO of ACGL Marc Grandisson.   15 May 2018

Insurance

Lebanese Insurance Industry hit by rising political uncertainty: AM Best

Although Lebanese insurers are accustomed to operating in a challenging economic environment, an accelerating decline in investor confidence and US dollar cash-flow constraints create further risks for insurers with fixed costs in US dollars.   4 November 2019

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