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Watford launches specialty insurance platform

Bermudian hedge fund reinsurer Watford Re has launched a new US specialty insurance platform with an A- AM Best rating.

Charlie Thomas, 29 March 2016
AIG Europe posts flat profits for 2015

American International Group Europe (AEL) has revealed that its profits were broadly flat at £408.5mn ($581mn) for the full-year 2015, while net premiums written rose 2 percent to £3.6bn.

Charlie Thomas, 29 March 2016
Catalina acquires £185mn Allianz UK EL book

Run-off carrier Catalina has struck a deal to acquire Allianz's UK employers' liability (EL) book holding £185mn ($266mn) of gross liabilities, The Insurance Insider can reveal

Catrin Shi, 29 March 2016
Vibe announces two underwriting hires

Lloyd's syndicate Vibe has hired two senior underwriters for its live platform to help expand its North American business, the company announced on 17 March

Matthew Neill, 29 March 2016
Victoria bushfire losses push past A$550mn

A sharp rise in the value of insured losses from the Great Ocean Road bushfires has pushed the insurance bill from last December's four declared catastrophes beyond A$550mn ($414.5mn), according to The Insurance Council of Australia (ICA)

Charlie Thomas, 29 March 2016
Trust Re achieves top and bottom line growth

Bahrain-headquartered Trust Re has announced that group profits doubled to $30.8mn in full-year 2015 from $15.4mn in 2014

Charlie Thomas, 29 March 2016
R&Q acquires Rank Insurance

Randall & Quilter (R&Q) has acquired Guernsey-based captive Rank Insurance Limited, the company announced today (29 March)

Charlie Thomas, 29 March 2016
Perils discloses final Mike-Niklas estimate

Industry loss compilation agency Perils has published its final estimate for the Mike-Niklas windstorm that hit Europe in March 2015, with the insured loss coming in at EUR816mn ($912mn)

Catrin Shi, 29 March 2016
Bermuda officially Solvency II equivalent

Equivalence for Solvency II has officially taken effect in Bermuda, retroactive to 1 January, the Association of Bermuda Insurers and Reinsurers (ABIR) announced yesterday (28 March)

Catrin Shi, 29 March 2016
Carlyle Group acquires wholesale broker

Global alternative asset manager The Carlyle Group has acquired a majority stake in Wholesale Trading Co-Op Insurance Services, a privately-held wholesale insurance broker.

Dan Ascher, 25 March 2016

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