News – Page 264
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Online onlyRate hikes boost London market results – AM Best
Insurers opting to return capital to shareholders rather than deploy it, rating agency finds
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Online onlyWillis: Capacity could withdraw from downstream energy
Insurers tested by two poor underwriting years, says broker report
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Online onlyACE launches Altair Re sidecar
Collateralised capacity will support ACE Tempest Re’s portfolio
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Online onlyChubb Europe promotes two in financial lines
UK and Ireland specialty head Julie Marcello given Europe-wide role
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Online onlyChina GDP growth slows in Q1
China expected to become world’s largest insurance market in the next decade
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Online onlyWillis Re says changing reinsurance market conditions favour mutual insurers
‘Loyal’ mutuals are reinsurers’ preferred customers in a soft market
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Online onlyPRMIA survey puts regulation at top of risk managers’ concerns
Survey also highlights that risk managers want a better way of integrating risk into the investment process
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Online onlyCanopius US off negative review
Canopius’ US surplus lines insurer was formerly owned by Omega
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Online onlyGenerali USA picks RGA and SCOR as top bidders
The Italian insurer’s US life business is worth up to $1bn
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AnalysisVideo Q&A: Jeremy Brazil, Markel
Markel’s President Jeremy Brazil tells GR about the company’s strategy, the Alterra deal, and which trends he will be following this year
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Online onlyLouisiana Citizens brings Pelican Re to market
Deal is the latest from the US residual market to tap the capital markets
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Online onlyACE launches US agribusiness insurer
New unit consolidates ACE’s agricultural offering as crop insurance prices rise
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Online onlyMiller hires Swiss Re underwriter for Singapore role
Nick O’Neil joins Lloyd’s broker’s facultative team
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Online onlyHigh probability of US major landfalling hurricanes in 2013
Colorado State Universtiy estimates an active 2013 season with nine hurricanes and 18 named storms
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Online onlyAXA sells US life insurer to Protective for $1.6bn
Transaction disposes of run-off mortality book primarily underwritten before 2004
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Online onlyUS commercial rates creeping up – Willis
Broker anticipates “complicated renewal process” for Sandy-hit programmes
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AnalysisNat cats and a nuclear future
The Iran quake is another reminder of the inherent danger in building nuclear plants in catastrophe zones
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Online onlyGuy Carp: Modest softening at 1 April renewals
Convergence between traditional reinsurance and capital markets ‘has now occurred’
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