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TransRe’s net premiums written in the 2018 second quarter were roughly flat with the comparable prior year period as a result of higher ceded premiums written due to an increase in retrocessional coverage purchased in 2018, the company said while presenting second quarter results. 3 August 2018
Insurance
In the absence of clarity as to what a future trade deal will look like between the UK and the EU, affected insurers have accelerated their plans to establish new EU subsidiaries, according to AM Best. 3 August 2018
Insurance
Fitch Ratings has revised the outlook for CNO Financial Group to positive from stable following the company’s recent reinsurance transaction. 3 August 2018
Insurance
Specialty re/insurer Brit has benefitted from higher prices in the first half of 2018 but net profit dived nevertheless due to a sharp drop in investment return. 3 August 2018
Insurance
Australia-based QBE Insurance is selling its travel insurance business to health insurer nib holdings (nib). 3 August 2018
Insurance
German insurance giant Allianz expanded the property/casualty (P&C) business in the second quarter while the combined ratio deteriorated. 3 August 2018
Insurance
Managing general agents (MGA) showed optimism about the sector’s growth potential in the latest MGAA Matters survey conducted by the Managing General Agents’ Association (MGAA) with over 57 percent saying they expected the number of specialist and niche MGAs would increase. 18 July 2018
Alternative Risk Transfer
The Federal Emergency Management Administration (FEMA) will launch a cat bond to transfer risk from the National Flood Insurance Program (NFIP) to the capital markets through Flood Smart Re, a Bermuda-domiciled insurance vehicle. 18 July 2018
Insurance
American International Group (AIG) could potentially free up between $2 and $5 billion capital through the legacy portfolio transferred to DSA Re, a wholly-owned Bermuda-based reinsurer formed in February, 2018, according to Morgan Stanley research. 18 July 2018
Insurance
Tokio Marine HCC has bolstered its management structure with several promotions within the specialty group that provides insurance products for the sports, entertainment and travel industries. 18 July 2018
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