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With the start of hurricane season on June 1, approximately 150 leading environmentalists, policy makers, scientists and insurance industry experts will gather on June 2 at the New York Stock Exchange to discuss the recovery of lower Manhattan and the lessons learned since Superstorm Sandy during the New York Recovery & Resilience Leadership Forum, sponsored by RenaissanceRe. 16 May 2016
News
Michael Sapnar, president and CEO of Transatlantic Re, has been elected chair of the Reinsurance Association of America’s Board of Directors at its 48th Annual Meeting of Members. 4 May 2016
Insurance
AmTrust International Insurance, a subsidiary of AmTrust Financial Services, a multinational insurance holding company headquartered in New York, has appointed Andrew Gibbs as chairman and chief operating officer (COO). 29 April 2016
Insurance
Universal Insurance Holdings (UVE) has sold 583,771 shares of common stock to RenaissanceRe Ventures, a subsidiary of RenaissanceRe in a private placement. 29 April 2016
Insurance
Re/insurance holding company Validus Holdings has reported a dip in its net income for the first quarter of the year to $166.8 million, compared with $173.4 million in the first quarter of last year. 29 April 2016
Insurance
PERILS, a Zurich-based provider of catastrophe insurance data, has joined the Singapore-based Natural Catastrophe Data and Analytics Exchange (NatCatDAX) Alliance. 28 April 2016
News
RenaissanceRe Holdings (RenRe) has reported a net income of $128 million in the first quarter of 2016, down from a net income of $167.8 million in the first quarter of 2015. 27 April 2016
Insurance
Kingstone Companies, a property/casualty insurer, has sold 595,238 newly issued shares of common stock to RenaissanceRe Ventures, a subsidiary of RenaissanceRe, in a private placement. 19 April 2016
News
Stock prices for publicly traded reinsurance companies increased moderately during 2015 and remained well above the overall market with just two of 18 selected companies experiencing negative stock price movement, according to a new AM Best report focused on reinsurance companies’ stock performance in fourth-quarter 2015. 13 April 2016
Insurance
AM Best has affirmed the financial strength rating (FSR) of A (Excellent) of Lloyd’s Syndicate 1183 (UK), which is managed by Talbot Underwriting. However, it has also withdrawn the rating in response to the company’s request to no longer participate in AM Best’s interactive rating process. 8 April 2016
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