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ReinsuranceNe.ws
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Bermuda domiciled specialty insurance and reinsurance holding company, Ironshore International, has announced that it’s increased its Terrorism & Sabotage programs capacity to $400 million, effective immediately. The new $400 million capacity level…

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Modernisation of the Lloyd’s and London insurance and reinsurance market, as well as the impact of Brexit on the market are considered top priority for 2017 at the Lloyd’s Market Association (LMA). Speaking to chief executives from the Lloyd’s of London…

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Former U.S. Homeland Security Secretary Tom Ridge’s cyber advisory firm, Ridge Global, has announced plans to form a strategic and leadership partnership with Risk Cooperative to offer a new blend of advisory, education, technology and risk-transfer…

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Swiss Re has announced the Kenyan Livestock Insurance Programme (KLIP) will be making a payout of about $2 million to 12,000 Kenyan farmers at the end of February, with index-based payments pegged to satellite measurements of data set to roll out with the…

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Insurer and reinsurer AXIS Capital Holdings Limited has announced the appointment of Julian Brown Vice President and Underwriter in its insurance unit, tasked with driving growth and product development at the firm’s London market Managing General Agency…

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David Rule, Executive Director of Insurance Supervision at the UK’s Bank of England, said this morning that interest rate sensitivity has helped to drive an uptick in longevity reinsurance usage. Speaking at an Association of British Insurers event today,…

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China’s first mutual insurer, Zhonghui Property Mutual Insurance, has opened recently in Beijing, with a  working capital of $146 million to begin its operations. The mutual will offer credit insurance to small and medium-sized businesses and short-term…

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International catastrophe risk management and modelling firm, RMS, has received approval from the Colombian insurance regulator to provide catastrophe modelling services for earthquake risks in the region. Colombian insurance regulator, Superintendencia…

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Reinsurance giant Munich Re has pointed to how a two-year drop in global trade levels has hit insurance premium income, over fears this downturn could be exacerbated by an era of nationalism that pushes the globe towards economic decline. After several…

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Here’s your daily Reinsurance News for Tuesday 21st February 2017: Ogden rate revision to result in huge re/insurer reserve charge: Willis Brokerage Willis Towers Watson has warned that the proposed revision to the Ogden discount rate would see reinsurers…
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