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JLT has expanded its Latin American presence by establishing JLT Re Argentina based in Buenos Aires, The new venture will be headed by Matias Rosales, formerly general manager of Cooper Gay Argentina. 7 March 2014
Awards
Some re/insurance brokers are increasingly channelling premium to a smaller number of larger carriers. While this is sometimes at the behest of cedants, it is also occurring because of exclusive agreements they have with selected players. 7 March 2014
Insurance
SCOR’s acquisition of Generali US last year combined its rapidly growing status as a truly global and highly rated reinsurer – at a time when many big cedants are rationalising their reinsurance panels – helped the reinsurer post a record profit in 2013 while also enjoying substantial growth. 6 March 2014
Insurance
ACE Group has appointed Edwin Schleich to the new role of energy manager for Continental Europe as it continues to invest in building up its energy insurance capabilities across the region. 5 March 2014
Insurance
American International Group (AIG) has altered the senior leadership in its commercial insurance business. 5 March 2014
Insurance
American Strategic Insurance Group is set to launch its first catastrophe bond. The insurer is marketing a $200 million deal designed to protect it against named storms and severe thunderstorm risks in the US. 4 March 2014
Insurance
Specialty insurer and reinsurer Brit Insurance has confirmed its plans to float on the London Stock Exchange. The offering, likely to take place in April, could value the company at as much as £1 billion. 4 March 2014
Insurance
Investors would like to see multiple risk models used collaboratively to increase transparency in the ILS sector. 3 March 2014
Awards
Large reinsurance buyers are increasingly replacing mid-tier reinsurers on their panels with collateralised coverage or larger ILS deals while also retaining more risk – but they are also forming closer and deeper relationships with their bigger reinsurance partners. 28 February 2014
News
Third Point Reinsurance posted a big increase in its profits in 2013 – its second full year in operation. John Berger, its chief executive, praised what the company had achieved in developing the systems underlying both the underwriting and investment sides of the business. 27 February 2014
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