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Insurance
Lloyd’s insurer Advent has appointed Richard Waller, formerly of Liberty International, to lead its energy division. 12 May 2014
Alternative Risk Transfer
Jardine Lloyd Thompson Capital Markets (JLTCM), part of JLT Towers Re, has completed a $10 million catastrophe bond for an unnamed cedant using a newly formed vehicle designed to make the capital markets more accessible to issuers looking to do smaller-sized cat bonds. 9 May 2014
News
Bermuda-based run-off specialist Catalina Holdings has entered into an agreement to reinsure the marine insurance liabilities in run-off of Delta Lloyd Group. 9 May 2014
Insurance
Novae Group, the specialist listed Lloyd’s insurer, has further strengthened its agriculture reinsurance team, headed by Clive Hardy and senior treaty underwriter Hanne Wagner, with four new hires. 8 May 2014
Insurance
Lloyd’s carrier Beazley reported flat gross written premiums (GWP) in the first quarter and said rates had also remained stable overall despite increased competitive pressures especially on catastrophe lines. 8 May 2014
News
Boosted by its recent acquisition of Generali, French reinsurer SCOR posted substantial growth in the first quarter of 2014 with its gross written premiums (GWP) hitting €2.6 billion, up 14.8 percent at constant exchange rates. 6 May 2014
Insurance
Helios Underwriting (HUW) has agreed to acquire a limited liability member of Lloyd’s (LLV) in line with its strategy of increasing underwriting capacity through acquisition. 6 May 2014
Insurance
Xchanging, the business process, procurement and technology services provider, has launched a global cargo service. 2 May 2014
Insurance
Markel International, the specialist insurer, has appointed Gabrielle Folliard, formerly of Beazley Group, as claims manager for its professional and financial risks division. 2 May 2014
News
Bermuda-based Montpelier Re reported operating income of $72.2 million, or $1.48 per common share, and a healthy combined ratio of 50.4 percent in Q1, of which $35 million of prior year loss reserves helped to obtain an 18 percent loss ratio. 1 May 2014
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