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Reinsurance sector net income jumps 75% in H1
News
Aggregate net income of the reinsurance sector increased nearly 75 percent year on year to $14.5 billion in the first half of 2018, according to Willis Towers Watson.   6 September 2018
Insurance
Bermuda-based re/insurer Sompo International Holdings is launching a global financial and professional lines platform encompassing insurance and reinsurance capabilities.   6 September 2018
Insurance
Everest Insurance, the specialty insurance division of Bermuda-based Everest Re Group, has hired former Guy Carpenter head of innovation and product development Don Mango.   6 September 2018
Insurance
Broker Aon’s reinsurance solutions business has launched its public private enterprise (PPE) specialty practice to address the global insurance protection gap.   6 September 2018
Insurance
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Ronan Gerety as general manager of insurance in Germany. He will be based in Cologne.   6 September 2018
Insurance
Arch Insurance, part of Bermuda-based re/insurer Arch Capital Group, has hired AIG's Valerie Turpin as executive vice president (EVP) and head of US property.   6 September 2018
Insurance
Specialty managing general agent (MGA) Nexus Group has completed the acquisition of Huntington Underwriting (HUL), a structured solutions underwriting manager operating out of Labuan International Business and Financial Centre, Malaysia.   6 September 2018
Insurance
Specialist insurer Tokio Marine Kiln (TMK) has launched an 'on demand' aviation insurance product for manned aircraft which it claims to be the first in the market.   6 September 2018
Insurance
St. Maarten has joined CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility), purchasing coverage for tropical cyclones, earthquakes and excess rainfall.   6 September 2018
Insurance
AM Best has placed the financial strength rating and the long-term issuer credit ratings (ICRs) for Maiden Reinsurance, and its affiliate Maiden Reinsurance North America under review with negative implications following the announcement that the renewal rights for its US diversified business were being sold to TransRe.   31 August 2018

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