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Appleby has acted as Bermuda counsel to African Risk Capacity (ARC), on establishing a specialist hybrid mutual insurance company to help AU member states become more resilient to extreme weather events. 22 May 2014
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Marsh has appointed David Bramall as head of placement within its national corporate practice, which provides risk and insurance services to corporate businesses and SME’s across the UK and Ireland. 21 May 2014
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Endurance’s COO has left the company months into her tenure, suggesting possible issues concerning the firm’s M&A bid for Aspen and the turnaround strategy being pursued by CEO John Charman. 21 May 2014
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Tokio Millennium Re AG has announced that it has been granted approval by the State of New Jersey Department of Banking and Insurance (NJDOBI) to post lower collateral than previously required when underwriting business for New Jersey-domiciled cedants. 21 May 2014
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Clifford Chance has advised Watford Holdings and its subsidiary Watford Re, a newly formed, Bermuda-based multi-line reinsurer, on the completion of Watford Re's $1.13 billion capital raise. 21 May 2014
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The board of directors at RenaissanceRe Holdings has announced it will approve an increase in the company’s share repurchase program, bringing the total current authorization to $500 million. 21 May 2014
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Strong competition among insurers contributed to a general softening of US umbrella and excess liability rates in the first quarter of 2014, despite ongoing concern among underwriters about large losses in auto, product liability, and other areas. 21 May 2014
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Talbot, the Lloyd's-based subsidiary of Validus, has announced the appointment of Tom Guarnera as vice president of Talbot Underwriting Services (US). 20 May 2014
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Blue Capital Global Reinsurance Fund, the reinsurance fund managed by Montpelier Re subsidiary Blue Capital Management, said retrocessional and cat bond prices dropped by 20 percent at the start of the year on the back of competition in the market. 20 May 2014
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ACE has introduced enhanced insurance cover for the life science industry in continental Europe, as it continues to build its specialty casualty offering for middle-market and multinational businesses across the region. 20 May 2014
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