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Insurance
Overcapacity in the international construction, property & casualty markets in the first half of 2014 has resulted in rate reductions of up to 30 percent for commercial insurance buyers, according to Willis. 16 July 2014
Insurance
Capita Insurance Services has completed a transaction to finance the start–up of Pardus Holdings by taking a minority stake. 19 May 2014
News
For all the discussion of alternative capital entering the marketplace, the fundamentals of being successful in the reinsurance business remain the same, says Art Raschbaum, chief executive officer of Maiden Holdings. 20 October 2013
Insurance
Steve Hearn, deputy CEO of Willis Group Holdings has been elected as chairman of the London & International Insurance Brokers’ Association (LIIBA), an association which represents insurance brokers in London and international markets. He succeeds Graham Clarke of Miller, who continues as deputy chairman of LIIBA. 17 March 2014
Alternative Risk Transfer
Hiscox enjoyed strong growth in the first quarter of the year with its ILS business and speciality lines portfolio making up for tough market conditions in other lines including its reinsurance business Hiscox Re. 12 May 2015
Alternative Risk Transfer
Cat bonds might not have a long history, but so far they have paid out on claims from major events in a timely manner, according to Maren Josefs, associate director at S&P Global Ratings. 22 September 2016
News
Troubled Tower Group International, which was downgraded last year following the revelation of a substantial shortfall in its reserves, has agreed to merge with ACP Re, a privately-owned Bermuda reinsurer. 7 January 2014
Insurance
Marsh & McLennan (MMC) is to acquire a 34 percent share in South African insurance and investment consultant Alexander Forbes. The broker said the deal will broaden its exposure to the growth prospects present in South Africa and sub-Saharan Africa. 25 June 2014
Insurance
RenRe's planned acquisition of Platinum Underwriters has caused mixed reviews amongst rating agencies. 26 November 2014
News
The amount of reinsurance capacity entering the market has slowed compared with previous years, Ulrich Wallin, CEO of Hannover Re, said at a press conference in Monte Carlo yesterday (Monday September 14). 14 September 2015
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