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Q-Re announces finalised management team

Q-Re announced its new management team, led by CEO Gunther Saacke and put together in order to “build Q-Re into a global multi-line reinsurer with a focus on specialty lines”. 13 May 2013

News

XL to offer Sharia compliant insurance cover

XL Group will offer Shariah compliant insurance coverage to large and middle market clients through a relationship with underwriting agency Cobalt. 9 May 2013

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Fitch: failure to renew TRIA would mean terrorism premium hike

According to Fitch Ratings, the failure of the US Congress to renew the Terrorism Risk Insurance Act (TRIA) could “induce commercial insurers to retreat from larger metropolitan areas, raising premium rates. 9 May 2013

ILS

Blue Capital going great guns

Montpelier Re’s reinsurance fund Blue Capital has topped $150 million of funds under management, buoyed by rising investor interest in the alternative space and its ability to leverage market insights and existing relationships enjoyed by Montpelier Re. 8 May 2013

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‘The reports of my death have been greatly exaggerated’

Despite some critics suggesting the Bermuda market has seen its day, the Island continues to hold a leading position internationally, with rising levels of alternative capital only likely to strengthen its position. 2 May 2013

News

Marsh speaks out for TRIPRA reauthorisation

Marsh’s 2013 Terrorism Risk Insurance Report has found that take-up of terrorism coverage remains buoyant in the US despite limited attacks since September 11th, with around 60 percent of firms continuing to purchase such coverage. 2 May 2013

ILS

Aspen latest re/insurer to enter the capital markets space

Aspen is the latest player to join the push into the third party capital space, with the formation of Aspen Capital Markets. 1 May 2013

News

Markel completes acquisition of Alterra

Markel has received final regulatory and shareholder approval for its acquisition of Alterra, with the company promising a seamless transition for clients and brokers. 1 May 2013

News

Smith returns to Endurance as CEO of ARMtech

Michael Smith will be re-joining Endurance Specialty Holdings as CEO of ARMtech Insurance Services, a wholly-owned Endurance subsidiary writing crop insurance, effective immediately. 30 April 2013

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R&Q announces intention to redomicile to Bermuda

Randall & Quilter has announced its intention to redomicile its holding company from the UK to Bermuda. 26 April 2013

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