News – Page 258
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UN: Why natural catastrophe losses are "out of control"
UN report says that disaster risk is “new multi-trillion dollar class of toxic assets”
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General Re asset manager opens London office
GR-NEAM will “build new relationships” with Lloyd’s syndicates
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Charman replaces Cash as Endurance chief executive
Charman also steps in as chairman with immediate effect
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Brazilian infrastructure group secures $200m surety bond
Export Development Canada and Fairfax structure innovative cover for Brazil’s Odebrecht Group
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NOAA predicts active Atlantic storm season
Climate factors support cyclone formation; forecasts three to six major hurricanes
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GIC Re eyes Lloyd’s acquisition
Acquisition would allow India’s national reinsurer to trade in 60 countries
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$175m Blue Danube II cat bond issued
Bond protects Allianz from windstorms and earthquakes affecting North America and the Caribbean
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Marsh buys Peru-based broker
Rehder y Asociados Group is currently Aon’s representative office in Lima, Peru
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Analysis
How US tornadoes are boosting demand for frequency covers
The US Midwest braces for more tornadoes as the mid-year renewals approach
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AM Best charts the evolution of LatAm insurance markets
Notes increase in regulatory activity to support the insurance and reinsurance markets
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How emerging markets can offer fewer P&C risks
S&P says industry risk is lower in emerging P&C markets than in developed ones
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US insurance bodies slam new Neal Bill
Proposed legislation would change the US tax treatment of reinsurance between affiliated entities
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Property catastrophe rates to fall by 10% to 20% at mid year
Morgan Stanley report predicts alternative capital could account for as much as 30% at renewals
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Brown & Brown buys Beecher Carlson for $337m
Merger offers opportunities in the large corporate space
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MetLife to bring reinsurer onshore
Industry inquiry into “shadowy world of captive reinsurance” triggers move
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Oklahoma tornado estimated costs between $2bn and $6bn
Authorities confirm two dozen people lost their lives
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Impact Forecasting addresses cat model uncertainty
New tools help (re)insurers visualise the range of uncertainties
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Guy Carpenter report sheds light on Asia's future climate
Report predicts future seasonal extreme droughts and floods
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Willis Capital Markets appoints Asia head
Michael Guo joins from Boston Consulting Group