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2016 has again been a benign year in terms of large catastrophe losses, but geopolitical developments have added new challenges to the sector. Intelligent Insurer asked executives from re/insurance firms including Swiss Re, Argo, AM Best and Willis Re for their opinions on the most important developments in the re/insurance industry in 2016. 21 December 2016
Insurance
Reinsurance broker JLT Re has acquired Minnesota-based StoneHill Reinsurance Partners, a specialist medical professional liability broker. 19 December 2016
Insurance
XL Catlin has extended its partnership with specialist risk and business intelligence consultancy S-RM, effective January next year. 19 December 2016
Insurance
Canada-based Fairfax Financial Holdings, a property and casualty re/insurer, is acquiring Allied World Assurance Company Holdings for $4.9 billion in cash and stock as the two companies have entered into a merger agreement approved by their boards. 19 December 2016
Insurance
Bermuda-based Aspen Insurance Holdings has appointed Richard Thornton to the newly-created position of group chief operating officer (COO). 19 December 2016
Insurance
Pioneer Underwriters, a subsidiary of Minova Insurance Holdings, has set up a new renewable energy underwriting capability in London, and appointed Warren Diogo to head the division. 16 December 2016
Insurance
Bermuda-based insurance group Enstar has finally launched a long-awaited total return reinsurer – thanks to a significant investment from Chinese investment company Hillhouse Capital Management, which bought a 9.9 percent stake in Enstar in September this year. 16 December 2016
Insurance
Two of the major rating agencies have reaffirmed the financial strength rating of Asia Capital Re in the aftermath of its parent, ACR Capital Holdings, being acquired by Chinese investment companies Shenzhen Qianhai Financial Holdings and Shenzhen Investment Holdings. 16 December 2016
Insurance
Broker Willis Towers Watson has promoted Mary O'Connor to lead its client and business development function in the UK, and join the company’s board. 15 December 2016
Alternative Risk Transfer
Soft market pressures, a prolonged low interest rate environment, low barriers to ILS capital entering the sector, the digital economy, tepid GDP growth… Hiscox Re’s Bill Lazzaro argues that how we respond to the current challenges in the reinsurance sector will define our future. 15 December 2016
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