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PERILS sees boost from CRESTA
Insurance
PERILS, the independent company that provides data to the insurance industry, has taken over the management of the CRESTA secretariat, a global data standard applied to the exchange of insurance information—in a move that will boost the company’s own offering, PERILS CEO Luzi Hitz, told Monte Carlo Today.   11 September 2018
TransRe plans Luxembourg subsidiary in European expansion
News
TransRe, the reinsurance arm of Transatlantic Holdings and a wholly owned subsidiary of Alleghany Corporation, is planning a subsidiary in Luxembourg as it looks to restructure and bolster its presence in the European Union.   10 September 2018
QBE gets green light for post-Brexit plans
Insurance
Re/insurer QBE has announced that its post-Brexit restructuring plans were heard at the High Court, ensuring continuity of service for its customers across the European Union.   10 September 2018
Insurance
Specialty re/insurance provider Lancashire Holdings (LHL) has appointed James Irvine as the new chief underwriting officer (CUO) for Lancashire Insurance Company in Bermuda.   10 September 2018
News
French reinsurer CCR Group has unveiled a series of appointments including new hires from MS Amlin and Arch.   10 September 2018
article
Specialty managing general agent (MGA) Nexus Group has completed the acquisition of Altitude Risk Partners from the club-style MGA formation platform Castel Underwriting Agencies via an asset purchase.   10 September 2018
Insurance
Catastrophe risk modeling firm AIR Worldwide has released a new severe thunderstorm model for Europe that will allow for a comprehensive assessment of atmospheric risk in the region.   10 September 2018
News
The reinsurers of the future will partner with alternative capital, leverage technology, give clients solutions they want and have a good handle on their cost base—those were some of the conclusions of S&P Global’s Annual Reinsurance Roundtable at the Rendez-Vous de Septembre in Monte Carlo.   10 September 2018
Alternative Risk Transfer
The ILS market showed its maturity in the aftermath of the 2017 cat losses and is going from strength to strength on the back of that, says Craig A Smith, head of EMEA sales–corporate trust, Deutsche Bank.   10 September 2018
Insurance
In association with Swiss Re, Monte Carlo Today conducted a survey of senior industry executives ahead of and during the conference.   10 September 2018

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