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More and more global reinsurers are showing an interest in doing business in Latin America encourage by the attractive growth prospects in the region, according to Matthias Marwege, senior executive manager at Munich Re, responsible for Latin America, Spain, Portugal and the Caribbean. 13 November 2013
Alternative Risk Transfer
The recent issuance of a new cat bond by the World Bank Group’s International Bank for Reconstruction and Development (IBRD) covering natural catastrophes in Mexico, demonstrates the further maturity of the ILS sector and an increasing willingness by governments to use this form of risk transfer. 11 September 2017
Insurance
Senior executives at Novae Group have highlighted the increasing need for scale in the risk-transfer business as the justify agreeing to the firm’s sale to AXIS Capital for £468 million ($604 million). 6 July 2017
Insurance
Maiden Holdings enjoyed solid growth in the first quarter of the year though its profits were dented by higher expenses and casualty losses. 9 May 2017
Insurance
US property and casualty insurers reported a $4.7 billion net underwriting loss in 2016, com-pared to an $8.9 billion net underwriting gain in 2015. Their net income after taxes dropped 25 percent to $42.6 billion from $56.8 billion the previous year. 9 May 2017
Insurance
Despite the many investments being made in innovation by re/insurers, few are focusing on the one thing that could gain them new business: a more sophisticated sales process, argues John Holm at Lloyd’s managing general agent Asta. 24 October 2017
Insurance
The Generali Group has appointed former AXA executive Roberto Leonardi as regional officer for Asia, based in Hong Kong. 24 January 2017
News
Pool Re, the mutual reinsurer that provides terrorism cover for commercial property in the UK, has renewed the reinsurance cover purchased in 2015 for a further three years. 3 March 2016
Insurance
Syndicate Research Limited (SRL) placed the B+^ (Above Average) Continuity Opinion of Lloyd's syndicate 2007 (Novae Syndicates Limited) under review for possible downgrade. 2 June 2017
Insurance
American International Group (AIG) expects double-digit rate increases across the property market while the costs of the California wildfires are estimated at around $500 million before taxes. 6 November 2017
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