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Ark 3902 expands with A&H hires

Ark Underwriting's NOA 3902 Syndicate has hired Beazley's Martin Power and WR Berkley's Eniola Bernard to expand the syndicate's exposure in accident and health (A&H) and marine liability.

Charlie Thomas, 18 April 2017
Hamilton Re results prove total return re can work

Hamilton Re's earnings almost halved last year as returns from assets managed by Two Sigma Investments fell, but the company still did relatively well compared to other total return reinsurers following an industry-leading investment performance.

Ted Bunker, 18 April 2017
PwC appointed for Generali EUR200mn legacy disposal

Generali has appointed PwC to advise on the disposal of its EUR200mn ($212mn) legacy London market book, The Insurance Insider understands.

Catrin Shi, 18 April 2017
Early Gulf of Mexico renewals broadly flat

Wind policies for Gulf of Mexico assets are broadly renewing flat this year, according to energy sources, as underwriters push back on requests for rate decreases in a toughening market.

Charlie Thomas, 18 April 2017
PRA probes deeper on general insurance stress tests

The UK Prudential Regulation Authority (PRA) has opted for depth in favour of breadth in the first general insurance stress tests since Solvency II capital requirements took effect.

Laura Board, 18 April 2017
Citizens confirms massive reinsurance retrenchment

Florida's state-backed insurer Citizens looks set to buy only three layers of reinsurance for its coastal account this year, purchasing little more than half the $2.46bn of limit it did in 2016, The Insurance Insider can reveal.

David Bull, 18 April 2017
Fidelis pulls paper from Castel political violence unit

Total return carrier Fidelis has withdrawn its support from Castel's political violence managing general agency (MGA), according to market sources.

Bernard Goyder, 18 April 2017
Florida demand ebbs in fractured market

Shrinking demand from some of Florida's bigger cedants and model revisions could undermine reinsurers' attempts to arrest property cat rate falls at 1 June as they compete for a smaller pool of quality clients.

David Bull, 18 April 2017
Shoot the (bulletproof) messenger

Journalists have a justified reputation for being thick-skinned

Mark Geoghegan, 18 April 2017
Malaysia weighs tighter foreign ownership rules: report

The Malaysian central bank is reportedly considering enforcing an existing cap of 70 percent on foreign companies' holdings in domestic insurers.

Matthew Neill, 18 April 2017

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