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India reinsurer GIC Re enjoyed growth of 21.4 percent last year (in the 12 months to March 31, 2016) and anticipates similar levels of growth in the next period driven by both international expansion and growth in its domestic market, Alice Vaidyan, chairman-cum-managing director, GIC Re, told Monte Carlo Today. 14 September 2016
Insurance
Touriga Risk, a specialist managing general underwriter, is aiming to launch its underwriting capacity at Lloyd’s by December 15, 2016, following the redomiciling of its business to London from Texas in June. 14 September 2016
Insurance
Sompo Canopius Re, the reinsurer formed last year to manage reinsurance business previously written separately by Canopius and Sompo Japan Nipponkoa Insurance, has revealed plans to enter new business lines. 14 September 2016
Insurance
Possibly the biggest single talking point of Monte Carlo 2016 has been the surprise and somewhat bizarre rebranding of broker Cooper Gay as Ed. 14 September 2016
Alternative Risk Transfer
Hannover Re is not interested in pushing into the corporate market, in contrast to its main competitors, which see it as a way of diversifying and boosting profitability, the company said at a Monte Carlo Rendez-Vous press conference yesterday. 13 September 2016
Insurance
In association with Swiss Re, Monte Carlo Today conducted a survey of senior industry executives ahead of and during the conference. The responses to various key questions will be published in this newsletter. 13 September 2016
Insurance
Reinsurance remains a very attractive option for insurers in the current economic environment, especially because it is now so flexible, David Flandro, global head of JLT Re’s analytics division, told Monte Carlo Today. 13 September 2016
Insurance
The high level of negativity in the market flowing from concerns around soft rates, low investment returns and subsequent dwindling margins is, in fact, misplaced and ignores many positives the market should instead focus on. 13 September 2016
Alternative Risk Transfer
The buyer for UnipolSai Assicurazioni, one of Italy’s largest insurers, has said he will not be pressing reinsurers for the lowest possible conditions in this renewals as he prefers to establish long-term strategic partnerships with a much smaller panel of reinsurers. 13 September 2016
Insurance
Law firm Ince & Co has strengthened its re/insurance practice with the appointment of Julia Degen to its new office in Cologne, Germany. 13 September 2016
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