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As he approaches his first anniversary as chief executive of the Association of Bermuda Insurers and Reinsurers, John Huff speaks to Bermuda:Re+ILS about how he sees the risk transfer landscape changing. 26 November 2018
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Argo Group continues to meet its targets as it focuses on a dynamic market. Argo Group chief executive officer Mark Watson talks to Bermuda:Re+ILS. 26 November 2018
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Specialist insurer Hiscox's group claims director Jeremy Pinchin is retiring at the end of February 2019. He will be succeeded by Grace Hanson who will join Hiscox in January. 23 November 2018
ILS
Bermuda-based Markel CATCo Investment Management has implemented a specific loss reserve to cover the potential losses arising from the 2018 events Hurricane Michael and Typhoon Jebi, while warning of exposure to the California wildfire and a loss creep from 2017 nat cat events. 23 November 2018
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AM Best has downgraded the financial strength rating (FSR) to B++ (Good) from A- (Excellent) and the long-term issuer credit rating (Long-Term ICR) to “bbb+” from “a-” of Citadel Reinsurance Company. 22 November 2018
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Marsh, which has a significant presence on Bermuda, has released its Global Insurance Market Index for the third quarter of 2018. 22 November 2018
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Arch Insurance has announced Hugh Sturgess is the new chief executive officer (CEO) of Arch Insurance International, as from the beginning of 2019, subject to regulatory approvals. 21 November 2018
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According to AM Best the US insurance industry has only limited exposure to PG&E Corporation, the California utility whose equipment is being investigated as having a potential role in the deadly Camp Fire, which has ravaged northern California. 21 November 2018
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Markel stunned the market in August when it unveiled its plan to acquire Nephila Capital. While there is risk attached to the deal, it is based on an informed prediction of how the risk landscape will change, says Jed Rhoads, president and chief underwriting officer, Markel Global Reinsurance. 21 November 2018
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RMS has estimated that insured losses from The Camp and Woolsey Wildfires in California are expected to reach between $9 billion and $13 billion. 20 November 2018
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