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Alternative Risk Transfer
The catastrophe bond markets represent the leading indicator of where catastrophe pricing is heading, with the rates and trends driving this sector often not reflected in the traditional market for up to two years, John Seo, founding partner, Fermat Capital Management, told Monte Carlo Today. 13 September 2016
Insurance
Broker Chedid Capital and Mauritian conglomerate GML have partnered to launch a new venture in East Africa and the Indian Ocean. 29 October 2014
Insurance
Run-off insurer DARAG (Deutsche Versicherungs- und Rueckversicherungs-AG) has acquired Hamburg-based Hanseatica Rueckversicherungs-AG (Hanseatica) including its entire run-off portfolio. As of December 2012, Hanseatica had a balance sheet total of €38 million. 23 May 2013
Insurance
US-based commercial insurance provider CNA has appointed Scott Weber to the position of executive vice president and general counsel. 5 June 2017
Insurance
American International Group (AIG) is selling 19.9 percent of its legacy portfolio DSA Re to private equity firm The Carlyle Group. 1 August 2018
Insurance
UK insurer RSA incurred a net charge of around £40 million in the UK relating to the change in Ogden discount rate but was able to more than offset it through positive reserve development elsewhere in the group, the company said in its 2017 Q1 trading update. 4 May 2017
Insurance
Allied World Assurance Company Holdings has appointed Iain MacLeod as senior vice president, country manager for Australia. 6 December 2017
Insurance
Specialist insurance broker Price Forbes, part of the Ardonagh Group of companies, has launched a new security risks practice following three senior hires from Jardine Lloyd Thompson Group, who have expertise in international risk management, military operations and insurance broking and underwriting. 25 June 2019
Insurance
Zurich Insurance Group has acquired a minority stake in insurtech start-up CoverWallet. The investment follows a commercial partnership in Europe announced in February. 8 June 2018
Insurance
General insurers in the UK are general face higher operating costs due to IT investments, ongoing regulatory changes and a marked increase in headcount and training, according to the latest CBI/PwC financial services survey. 27 March 2018
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