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Against a backdrop of US and Bermuda government inquiries, senior executives being dropped and certain redemption rights being offered to ILS funds managed by the company, Markel CATCo's ability to maintain or raise capital has been adversely impacted, parent Markel Corporation has confirmed. 6 February 2019
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Bermuda-based re/insurer Sirius Group has elected Kernan Oberting to succeed Allan Waters as chief executive offer (CEO), and Ralph Salamone to succeed Oberting as chief financial officer (CFO). 5 February 2019
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Sompo International Holdings, a Bermuda-based property and casualty re/insurer, has appointed Christopher Gallagher to the board of directors as an executive director. 5 February 2019
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MediaAlpha, a marketing technology company which Bermuda-based White Mountains is a significant equity holder in, has agreed to sell a significant minority stake to private equity firm Insignia Capital Group. 5 February 2019
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Qatar Insurance Company Group (QIC), the insurance group that owns Bermuda-based Qatar Re, had a profitable 2018 following its strategic decision to shift the underwriting focus to a lower volatility segment against costly catastrophe years. 4 February 2019
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The group chief financial officer (CFO) of Bermuda and Caribbean insurer BF&M Group, Michael White, has resigned. 4 February 2019
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Aon CEO Greg Case is positive for the firm's 2019 outlook, highglight that its revenue growth for 2018 was the strongest it has been since 2006. 1 February 2019
ILS
ILS Bermuda, a group that promotes economic development through the growth of insurance-linked securities and alternative risk transfer in Bermuda, has appointed Kathleen Faries as chair. 1 February 2019
News
AXIS Capital returned to profit in 2018 and significantly increased its international insurance business being written, the latter of which it attributes to its acquisition of Novae Group back in 2017. 31 January 2019
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The fourth quarter of 2018 proved challenging for Blue Capital Reinsurance Holdings, the collateralised reinsurer owned by Sompo International Holdings, as it tackled with a significantly higher loss and loss adjustment expense ratio in connection with substantial cat losses from 2018 and 2017. 31 January 2019
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