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Some of the world’s biggest reinsurers will be hardest hit by a prolonged soft market if an analysis of ratio of reserves to premiums is conducted, according to analysts at CreditSights. 30 September 2016
Insurance
Specialty insurer Brit has received principle approval from the Lloyd’s Franchise Board to launch a new syndicate. 26 September 2016
Insurance
Everest Insurance, a subsidiary of Everest Re Group, has appointed Maria Duffy as vice president and head of excess and surplus (E&S) casualty, based in New Jersey. 26 September 2016
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
Insurance
Global marine underwriting premiums for 2015 are down to $29.9 billion, a 10.5 percent reduction from the 2014 figure, according to IUMI’s annual statistical report. 20 September 2016
Insurance
Closing the insurance gap – the difference in many sectors and parts of the world between economic and insured losses – would allow re/insurers to innovate and stop fighting over the same shrinking pie. 19 September 2016
Insurance
American International Group is to sell its interest in Ascot Underwriting Holdings and related syndicate-funding subsidiary Ascot Corporate Name to the Canada Pension Plan Investment Board (CPPIB), which invests the assets of the Canada Pension Plan. 19 September 2016
Insurance
A new reinsurer that will initially target the Florida property/casualty insurance market has been formed on the Cayman Islands. 15 September 2016
Insurance
XL Catlin’s insurance operations has appointed Wilson Yeo as property manager for Singapore. 15 September 2016
Insurance
The differing outlooks of S&P Global Ratings and AM Best on the reinsurance industry are the opposite of what one might expect, given the basis of their criteria and methodology, said Stuart Shipperlee, head of analytics at Litmus Analysis. 13 September 2016
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