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RenaissanceRe Holdings reported higher net income even though catastrophe losses impacted the combined ratio. 27 July 2016
Insurance
Specialist reinsurance broker Capsicum Re has expanded its cyber team with the appointment of Patrick Bousfield and Jane Palmer as brokers, and Alice O’Dwyer-Smith as account manager. 27 July 2016
Insurance
The falling cost of reinsurance has now made it a more efficient form of contingent capital when compared to equity debt and a carrier’s own capital, according to a report from JLT Re. 26 July 2016
Insurance
AM Best has downgraded the financial strength rating (FSR) of Russian Re from B+ (Good) to B (Fair) of Russian Reinsurance Company (Russian Re). The outlook for this rating has been revised from to stable from negative. 25 July 2016
Insurance
Towergate Insurance has appointed Neil Pearce as managing director of Towergate London Market, effective September 5 2016. 25 July 2016
Insurance
With interest rates low and government bonds even lower, financial times have been tough for insurers and reinsurers alike. Intelligent Insurer asked five chief financial officers from some of the biggest companies in the industry about the challenges they’re facing. 22 July 2016
Insurance
Cunningham Lindsey, a provider of claims management services to the insurance market, has appointed the role of managing director (MD) to Tobias Walter, replacing Ulrich Mann, who left the company after 21 years. 22 July 2016
Insurance
Rating agency AM Best has adjusted the financial strength rating of Lloyd’s from positive to stable on the back of what it described as pressure on Lloyd’s competitive position and prospective financial performance in an increasingly difficult operating environment. 21 July 2016
Insurance
Willis Towers Watson has expanded its UK consultancy team with the hire of Chris Massey as senior strategic adviser, based in Edinburgh. 21 July 2016
Insurance
Allied World Assurance Company (Allied World) enjoyed a big boost in its net profits in the second quarter of 2016 though the business did shrink in several areas including reinsurance largely because of declines in its property portfolio. 21 July 2016
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