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Insurance
Notwithstanding the nat cat events of 2017, the Caribbean Catastrophe Risk Insurance Facility (CCRIF) is confident that its balance sheet is adequately set up to absorb the risk of high payouts in years of multiple extreme events, Isaac Anthony, CEO of CCRIF, told Baden-Baden Today. 25 October 2017
News
Federated National Holding Company lowered its reinsurance spend in the second quarter of 2017; the decrease was mainly due to the expiration of a Florida-only property quota share but the company did buy additional excess-of-loss reinsurance. 8 August 2017
Insurance
Mexico’s Fund for Natural Disasters (FONDEN) has returned to the insurance-linked securities (ILS) markets to secure coverage against natural catastrophes for the first time since 2012. 7 August 2017
Insurance
The casualty market in the US remains competitive for reinsurers, with rates still very soft in several lines of business and loss trends increasing. But there remain pockets of opportunity and rate decreases will likely slow in the aftermath of the recent hurricane losses. 16 October 2017
News
Stock prices for publicly traded reinsurance companies increased moderately during 2015 and remained well above the overall market with just two of 18 selected companies experiencing negative stock price movement, according to a new AM Best report focused on reinsurance companies’ stock performance in fourth-quarter 2015. 13 April 2016
Insurance
Bermuda-based Axis and PartnerRe have pledged to return $750 million to company shareholders following the proposed merger. 2 June 2015
Insurance
Ensurance said July 10 that its newly-created managing general agency has entered into a partnership agreement with Swiss Re Corporate Solutions and XL Catlin, and received Lloyd's coverholder status for its UK operations. 10 July 2017
Alternative Risk Transfer
Despite a multitude of other catastrophes in 2018, the single biggest loss event for reinsurers was so-called loss creep from 2017’s Hurricane Irma. Dirk Lohmann of Schroders examines what went wrong and what the industry must learn. 28 February 2019
Insurance
European specialty run-off insurer DARAG added some €299 million of new business to its portfolio last year, it has revealed, increasing its liabilities under management increase by 388 percent. 25 January 2016
Insurance
The over-regulation of some markets is the hottest topic in Asian insurance at present, Alamgir Kabir senior vice-president of the Asian Reinsurance Corporation, told EAIC Today. 13 October 2016
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