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Insurance
XL Group posted improved profits for 2013 despite stable premium growth largely thanks to lower losses which were also reflected in an improved combined ratio. 6 February 2014
News
RenaissanceRe reported a 15 percent increase in net income in 2013 making $665.7 million compared with $566 million in 2012, despite the market becoming increasingly competitive. 5 February 2014
News
Q-Re, the Qatar-based reinsurer, expects to have grown its book by 43 percent in this year’s January renewals, despite removing some business it regarded as unprofitable. 4 February 2014
News
More government or state run insurance pools and organisations will turn to the use of catastrophe bonds this year as the cost of such deals gets ever closer to that of using traditional reinsurance. 30 January 2014
Insurance
Brazil faces an increasing risk of terrorist attacks while the retail sector was the hardest part of the economy hit by such attacks last year, according to analysis by Aon Risk Solutions, which has released its annual Terrorism and Political Violence Map. 28 January 2014
Insurance
MedMal Direct Insurance Company, an insurer that provides medical malpractice insurance directly to physicians in Florida, Georgia, North Carolina and Texas, has agreed a new reinsurance treaty with a panel of international reinsurance companies. 21 January 2014
News
Everest Re Group’s special purpose reinsurer, Mt. Logan Re, has surpassed its initial funding target of $250 million, bringing the total to £370 million. 13 January 2014
Insurance
Flood control measures saved Europe from significant losses after the region faced this year’s costliest catastrophe. But there are still lessons to be learned and more must be done in other parts of the world, according to Munich Re. 10 January 2014
Alternative Risk Transfer
French reinsurer SCOR has established a three-year contingent capital facility in the form of a guaranteed equity line with UBS providing it with €200 million coverage in case of extreme natural catastrophe or life events. 3 January 2014
Insurance
Asia Capital Reinsurance Group (Asia Capital Re) has appointed Raymond Cheung as chief risk officer, to oversee and drive the company’s Enterprise Risk Management (ERM) programme. 20 December 2013
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