October 2017/5
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Asia Capital Re (ACR)'s board will not reopen the sales process that led to its $1bn abortive deal with Shenzhen Qianhai Financial Holdings and Shenzhen Investment Holdings, The Insurance Insider understands.
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The battle lines are being drawn in Asia between reinsurers and cedants ahead of the 1 January renewals, as the sector continues to come to terms with the remarkable string of third quarter cat losses.
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French state-owned reinsurer CCR Re is looking for strategic industry partners and would consider exchanging equity stakes with supporters following its operational carve-out early this year from parent CCR
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After years of malaise, the (re)insurance market may finally be facing a sea change following heavy third quarter catastrophe losses, as underwriting executives scramble to talk up rates.
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Losses sustained by Caribbean insurer Nagico during hurricanes Irma and Maria have not dented the allure of the business for 50 percent owner Peak Re.
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Independent wholesaler Keating has expanded its senior executive team with two high-level hires and restructured its platform to drive further growth, The Insurance Insider can reveal.
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Contrary to the popular mythology that journalists are fuelled by an almost exclusive diet of hard liquor, we scribes actually function on a steady stream of tea and coffee.
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As third quarter cat loss disclosures roll in with the earnings season, a discussion is heating up in the market about whether recent events will generate the $100bn industry loss sources had been coalescing around. -
The third quarter could still go down as the costliest in the (re)insurance industry's history, with almost all the companies to report so far dragged to a loss and a significant portion of the sector's excess capital wiped out.
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A number of Lloyd's syndicates are set to take advantage of propitious pricing conditions next year with significant planned increases in stamp capacity, The Insurance Insider can reveal.
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Markel Catco Investment Management has raised more than $1.8bn in the reinsurance market's biggest ever one-off fundraising effort, which it said would enable it to fund its 1 January-renewing portfolio.
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XL Catlin is set to pay a higher coupon for a $150mn top-up to its cat bond cover as it agreed pricing terms on a new Galileo Re insurance-linked securities (ILS) transaction last week, Trading Risk reported.
