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AM Best moves Third Point Re outlook to 'negative' over profitability concerns and management changes
Insurance
Rating agency AM Best has revised the outlook of Bermuda-based reinsurer Third Point Re to negative from stable, expressing "concerns over the company’s business profile", its ability to make underwriting profits, and the recent changes in its senior management including the departure of its CEO Robert Bredahl.   17 May 2019
Alternative Risk Transfer
The recent oversubscription to the Californian Earthquake Association catastrophe bond has signalled the return of investor demand for catastrophe bond investment opportunities, according to experts.   1 September 2011
PartnerRe’s non-life unit drives solid growth; investments boost profits in Q1 2019 results
Insurance
PartnerRe enjoyed solid growth and a big increase in profits in the first quarter of 2019 driven largely by net unrealized investments gains - but the Bermuda reinsurer’s CEO also highlighted improvements in the pricing environment.   16 May 2019
Insurance
CapSpecialty, through its wholly-owned subsidiary Capitol Indemnity Corporation, has acquired the renewal rights to Rockhill Insurance Group's environmental book of business.   16 January 2018
Insurance
Ascot Group has appointed Jerry Tegan, former president and CEO of RSG Underwriting Managers, as the executive chairman of Ethos Specialty Insurance Services.   12 February 2018
Insurance
Germany-based insurance group Allianz is consolidating its European direct business by establishing a new pan-European risk carrier and has appointed Bart Schlatmann CEO of this operation.   31 August 2018
Insurance
Lloyd’s said that after taking specialist advice it believes that Lloyd’s underwriters are well positioned to write Canadian cannabis business subject to compliance with local Canadian requirements.   31 August 2018
Insurance
Specialty insurance company ProAssurance Corporation has unveiled leadership changes following the retirement of Howard Friedman, president of healthcare professional liability.   22 February 2019
Insurance
Sompo Holdings said on Oct. 20 that its incurred losses from natural catastrophes in the third quarter of 2017 are estimated at ¥70 billion ($620 million) before taxes and that it is now reviewing its full-year earnings forecast.   20 October 2017
Insurance
AXA XL Risk Consulting has partnered with Expert System, a specialist in the use of artificial intelligence (AI), to help its underwriters make better decisions to when assessing property risk engineering risks.   10 January 2019

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