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EIOPA has highlighted the importance of cooperation between national supervisory authorities in response to the sustained low interest rate environment threatening the re/insurance industry. 8 March 2013
News
Separate reports published by Ernst & Young and Towers Watson examining global investor confidence suggest that there is cause for cautious optimism, even as the global economy struggles to overcome the downturn. 20 February 2013
News
Aspen Insurance Holdings announced that co-founder Julian Cusack will be stepping down from his position as chief risk officer, effective immediately. 14 February 2013
News
Arch Capital announced that its US subsidiary Arch US MI has entered into a definitive agreement to acquire CMG Mortgage Insurance Company. Bermuda Re spoke to Brian Schneider of Fitch about the acquisition. 14 February 2013
News
US insurer, Travelers faces proceedings in New York’s Court of Appeal following a decision by the court that its structuring of a $1 billion settlement over asbestos may have forced reinsurers to pay more. 14 February 2013
News
Bermuda-based Enstar Group, which specialises in acquiring and managing insurance and reinsurance companies in run-off, has completed its acquisition of Seabright Holdings. 14 February 2013
News
US Representatives Grimm and Maloney have introduced a bill into the US House of Representatives to extend the Terrorism Risk Insurance Act (TRIA) for a further five years. 7 February 2013
ILS
In its Bermuda 2013 Market Update, rating agency, Fitch argued that certain Bermuda players are becoming ‘risk asset managers’ as the market takes an increasingly prominent role in the convergence space. 24 January 2013
Life
Third Point Re has had its financial strength rating of A-(Excellent) and its issuer credit rating of “a-” affirmed by AM Best following a strong first year of operations. 24 January 2013
News
Despite troubling global economic conditions, AM Best’s latest Global Reinsurance Outlook paints a stable picture for the reinsurance sector in 2013 and argues that it is well-positioned to ride out the ongoing crisis. 10 January 2013
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