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XL Catlin ups terror cover limits

XL Catlin has increased its terrorism insurance coverage limits to $250 million in the US. 20 April 2017

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Atlantic Financial appoints new head of sales for life unit

Bermuda-based Global Atlantic Financial Group has hired Sam Barnett as head of sales for the company’s life insurance business. 20 April 2017

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AGER announces details of capital raise

AGER Bermuda Holding, the holding company of Athene Holding’s German Group Companies, has received binding subscriptions for a capital raise that was conducted through a private placement of common equity securities. 19 April 2017

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Hiscox appoints new CIO

Hiscox has announced the appointment of Ian Penny as chief information officer (CIO) for the Hiscox Group. He takes over from interim CIO Gareth Wharton who is joining a new Hiscox cyber initiative. 19 April 2017

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BDA plans to highlight America’s Cup at 2017 RIMS

A delegation of Bermuda government and industry representatives will be highlighting the 35th America’s Cup at next week’s Risk and Insurance Management Society (RIMS) annual conference and exhibition in Philadelphia, Pennsylvania. 19 April 2017

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BF&M reports 2016 results were hit by hurricane losses

BF&M, the holding company of the BF&M Insurance Group, has announced that its net income for 2016 was badly hit by the hurricanes that hit the region over the year, but that it still made a profit. 18 April 2017

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Ryan quits American Overseas Group

American Overseas Group, an insurance holding company incorporated in Bermuda, has announced that Patricia Ryan, executive vice president and general counsel, has resigned effective April 14, 2017 and will be joining the Chicago law firm Johnson & Bell as a partner. 18 April 2017

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AXIS Re appoints Leahey to Europe/MENA post

AXIS Capital Holdings subsidiary AXIS Re has appointed Michael Leahey as vice president and deputy head of catastrophe underwriting for Europe, Middle East and North Africa (MENA), and Israel. 13 April 2017

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RenaissanceRe reveals impact of Ogden rate decrease

RenaissanceRe Holdings has announced the estimated impact of the UK Ministry of Justice's recent announcement of a decrease in the Ogden rate. 13 April 2017

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McGavick claims good times ahead for XL Group

Mike McGavick, CEO of XL Group, has claimed that the company is well-placed to have a good 2017, despite admitting that 2016 had not been a great year. 12 April 2017

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