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Lebabon-based reinsurer Chedid Re has opened new office in Casablanca Finance City (CFC), as part of its expansion strategy to increase the company’s presence in North and West Africa. 9 December 2015
News
Fitch Ratings has downgraded PartnerRe’s insurer financial strength (IFS) rating to A+ from AA-. 21 March 2016
Insurance
The board of Aspen Insurance has written to the company’s shareholders recommending they reject Endurance’s attempt to force a special general meeting that would pave the way for Endurance to buy the company. 30 June 2014
Awards
Some reinsurance buyers admit that they are leveraging the intense competition in the market at the moment to seek better rates – especially when placing plain catastrophe business. But most add that they are keen to maintain good relationships with the bigger reinsurers because of the other lines of business they have close relationships on. 11 March 2014
Alternative Risk Transfer
The benign natural catastrophe environment has been just one factor driving difficulties for the re/insurance industry. These pressures were among the topics discussed by senior executives at a roundtable held in Hamilton, Bermuda, hosted by Xuber, a CSC company. 22 September 2016
Insurance
AmTrust Financial Services has informed shareholders that "a representative of the company will count the votes and act as an inspector of election" at the company's special meeting next week, which means that the company will act as judge and jury of the shareholder vote on June 4, according to activist investor Carl Icahn. 31 May 2018
Insurance
Berkshire Hathaway Specialty Insurance (BHSI) has appointed Paul Emerson as head of liability claims in Canada. 21 May 2015
Alternative Risk Transfer
Cybersecurity is a generational exposure, according to Rick Welsh, CEO of Sciemus, but Bermuda has a chance to lead in dealing with it—and ILS could have a part to play. 29 March 2018
Insurance
Barbican Insurance has appointed Lloyd Howson as group finance director, to replace Richard Cunningham. 19 May 2015
Insurance
The global insurance market covering the so-called Internet of Things (IoT) is estimated to be worth $42.76 billion by 2022, growing at a compound annual growth rate (CAGR) of 65.89 percent between 2016 and 2022, according to a report by Report Buyer. 8 February 2017
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