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Insurance
Validus and Eagle Ocean partner over US vessel cover
The marine and upstream energy insurance team of Validus Specialty Underwriting Services has partnered with Eagle Ocean America to launch a new cover for US vessel operators.   22 March 2018
Insurance
China reveals head of merged insurance regulator
Chinese financial heavyweight Guo Shuqing has been appointed head of the country’s newly merged regulator for the banking and insurance sectors, Reuters reported citing an online article by Financial News, the official newspaper of the central bank.   22 March 2018
Insurance
Ocean Re opens Mexico office; names head
Ocean International Reinsurance Company (Ocean Re) is expanding in the Mexican re/insurance market with a new office to be headed by Rebeca Pena.   22 March 2018
Reinsurance
Munich Re pins its hopes on digitisation – but also cuts costs
Munich Re expects its investments in digitisation, data and technology to become the major driver of future growth in its reinsurance operations. The German reinsurance giant sees digitisation as a means of moving the business closer to the end consumer while generating new technology-based products.   20 March 2018
News
US P&C reinsurers record 2017 combined ratio of 108.2%
Reinsurers in the US recorded a combined ratio of 108.2 percent in 2017, according to the latest underwriting report by the Reinsurance Association of America (RAA).   8 March 2018
Insurance
Aon Benfield poaches Guy Carpenter duo for specialty units
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon, has hired two senior executives from Guy Carpenter to boost its capital advisory and terrorism specialty divisions.   7 March 2018
Insurance
Greenlight Re considers Lloyd’s syndicate as it targets specialty lines
Greenlight Re is considering setting up a Lloyd’s syndicate as a strategic option as the Cayman Islands-based re/insurer targets specialty lines.   22 February 2018
Insurance
PartnerRe losses from HIM, California wildfires at $569m
Bermuda-based Partner Re has reported aggregate losses from hurricanes Harvey, Irma and Maria (HIM) and the California wildfires at $569 million, net of retrocession and reinstatement premiums.   22 February 2018
Insurance
SCOR profits halve in 2017 while business expands
French reinsurer SCOR has seen its net profit halve in 2017 compared to 2016 as it absorbs significant nat cat losses while at the same time expanding the business.   22 February 2018
Insurance
TransRe shrinks business to protect underwriting quality
Alleghany Corporation’s TransRe is shrinking its business despite rate improvements in the property/casualty (P&C) market to protect underwriting quality.   22 February 2018

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