All articles by Newsdesk – Page 91
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SCOR: prices rise 7% at 1 April
Overall premiums grew by 11% reflecting “sharp price increases”
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Axis books $122m Q1 profit
Pricing continued to firm through the quarter but rate changes are gradual, noted Charman
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Validus reports record Q1 profit
Net income of $124.2m achieved in spite of Concordia and US tornado losses
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Munich Re pays €1.1bn dividend as it heads for €750m Q1 profit
Reinsurer reaffirms 2012 profit target of €2.5bn
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BMA hires international affairs director
New role will help supervisor indentify and influence global regulatory trends
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Aspen encouraged by firming market
Q1 results impacted by $17.6m of US severe weather losses and Costa Concordia claims
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Endurance promotes Campbell to CRO
Nicholas Campbell will report to Endurance chief executive David Cash
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MMC buys stake in Bermuda asset manager
Broking group joins Aquiline as minority partner of Juniperus
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Florida Citizens cat bond to break records
Everglades Re upsizes to $750m becoming the world’s largest-ever cat bond
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Alterra restructures global reinsurance team
Adam Mullan becomes CEO for global reinsurance while continuing to lead Alterra at Lloyd’s
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2011 proves reinsurer 'resilience' – AM Best
Rating agency warns of short-lived rate rises but maintains industry’s stable outlook
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RGA hires chief operating officer
Donna Kinnaird joins from Swiss Re Life and Health America
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Asia Capital Re gains new major shareholder
Japanese group Marubeni buys 22% stake as it expands further into re/insurance
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Catlin approved to open Beijing office
Follows partnership agreement with China Re; New office headed by Freeman Zhang
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Willis predicts modest marine rate rises
Sector faces another tough year following Costa Concordia and the continuing piracy problem
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Munich Re launches solar power plant cover
New product ‘a major milestone’ in the financing of concentrated solar energy projects
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Platinum returns to profit in Q1
Results are hit by $24.8m of severe weather losses in the US
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Axis Re names new Europe CEO as Mayr departs
Stephan Knipper will succeed Karl Mayr, who is stepping down at the end of 2012