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Questions raised over interpretation of Indian renewal rules

Indian cedants have been seeking quotations from the entire reinsurance market for the 1 April renewals, despite the country's regulator stipulating that all business should be offered to GIC Re first.

Charlie Thomas, 03 April 2017
Mitsui takes 11% stake in UIB

Mitsui Sumitomo Insurance Company has taken an 11 percent stake in (re)insurance broker UIB Group, the intermediary said this morning.

Charlie Thomas, 03 April 2017
Third Point posts 0.9% return for March

Third Point Re's investment manager Third Point LLC posted a return of 0.9 percent for March, a 1.1 percentage point drop on the prior-year period.

Catrin Shi, 03 April 2017
Opinion: broker reports

This morning Willis Re publishes its report on the 1 April reinsurance renewals

Adam McNestrie, 03 April 2017
LMA calls for data rules leeway

The Lloyd's Market Association (LMA) is leading an insurance industry call for leeway from the UK Information Commissioner's Office (ICO) over incoming EU rules on data protection

Laura Board, 03 April 2017
China Life chief to run People’s Insurance Group: report

China Life Insurance president Miao Jianmin has been appointed vice chairman and president of People's Insurance Group of China, according to reports.

Matthew Neill, 03 April 2017
Insurers survey Debbie damage as storm passes

Australian insurers have begun to tally the cost of Cyclone Debbie which struck Queensland and New South Wales over the weekend, causing widespread devastation to crops and property and killing three.

Matthew Neill, 03 April 2017
Trust Re profits drop 40% in 2016

Profits at Bahrain-headquartered reinsurer Trust Re fell 38.9 percent in 2016 to $18.8mn as a result of a lower investment income.

Matthew Neill, 03 April 2017
Property cat rate reductions slow again at 1.4: Willis Re

Property reinsurance rate declines continued to moderate at the 1 April renewals, with most deals somewhere in the range flat to down mid-single digits, according to Willis Re.

Catrin Shi, 03 April 2017
Nautilus elevates Buckhardt at new strategic group

WR Berkley's Nautilus excess and surplus unit promoted Trish Buckhardt to senior vice president in charge of its new strategic initiatives group.

Ted Bunker, 01 April 2017

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