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AXIS Re has announced the appointment of Megan Thomas as its chief underwriting officer (CUO). She will be responsible for product and portfolio management within the company. 20 April 2018
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Bermuda entities are not immune to cyber attacks and could even be an easier target than organisations in other jurisdictions. Each organisation should develop a cyber-defensible position that will ensure it is pursuing a secure, vigilant and resilient cyber risk strategy, say Brett Henshilwood and Kevvie Fowler of Deloitte. 19 April 2018
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With cyber threats in the news almost every day, re/insurers on Bermuda need to keep as up to date as possible. As George Thomas from PwC explains to Bermuda:Re+ILS, there is some encouraging news out there. 19 April 2018
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PartnerRe is enjoying strong growth in the cyber space—and while it has a broad appetite for cyber risk it considers each transaction on its merits, says Catherine Rudow, senior vice president–professional lines at PartnerRe. 19 April 2018
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Athora Holding is to acquire Generali Belgium, the Belgium-based subsidiary of international insurance group Assicurazioni Generali, for approximately €540 million in cash. 19 April 2018
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Arch Mortgage Insurance Company has obtained $374.46 million of indemnity reinsurance from Bellemeade Re 2018-1, a special purpose insurer. The reinsurance is for a portfolio of mortgage insurance (MI) policies issued by Arch MI primarily from July through December of 2017. 19 April 2018
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Bermuda’s Premier and Finance Minister David Burt has led Bermuda’s delegation at the Risk & Insurance Management Society (RIMS) annual conference and exhibition 2018 in Texas, where he helped to showcase the island’s expertise as the “World’s Risk Capital.” 18 April 2018
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2017 saw increased activity for the Bermuda Monetary Authority (BMA), according to chief operating officer Shanna Lespere, who was speaking at the 2018 Risk Management Society’s (RIMS) annual conference in San Antonio, Texas. 18 April 2018
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AXIS Capital Holdings has created the AXIS Cyber Centre of Excellence, in a bid to address the more than $445 billion cost over the industry that companies incur each year due to the threat of cybercrime and cyberattacks. 17 April 2018
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Monument Re has acquired a run-off portfolio of flexible premium retail life insurance contracts from Belgian insurer Ethias, known as the First A Portfolio through its European subsidiary Laguna Life DAC. The acquisition is subject to regulatory approval. 17 April 2018
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