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The Night Time Industries Association (NTIA) will coordinate claims against Hiscox Insurance for its refusal to pay out on COVID-19 claims against its business interruption policies. 27 April 2020
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Capital dedicated to the global reinsurance industry totalled $605 billion at year-end 2019, according to Willis Re, representing year on year growth of 15 percent. 27 April 2020
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Bermuda’s drive-through testing for essential workers has overcome its initial problems and is now “in full swing,” according to David Burt, Bermuda’s Premier. 27 April 2020
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The re/insurance industry specialises in managing catastrophes and can help lead Bermuda though its current crisis as it struggles to normalise its economy following the COVID-19 outbreak, according to John Huff, CEO at the Association of Bermuda Insurers and Reinsurers (ABIR). 27 April 2020
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The coronavirus outbreak has made cyber risk a hot topic for the re/insurance industry, but how well placed is it to respond? And what role will Bermuda play in this landscape? Bermuda:Re+ILS investigates. 27 April 2020
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Insurtech will continue to transform the risk transfer industry. But to understand how that will happen it is important to consider how the industry has changed in other important ways up to this point, as Natalie Neto and Peter Dunlop, partners at Walkers (Bermuda), tell Bermuda:Re+ILS. 27 April 2020
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For six years, John Rathgeber has steered Watford Re to becoming a global business with a diversified book of business and more than $750 million in gross written premiums. As he hands over to his successor, he reflects to Bermuda Re on lessons learned during this time and how resilient the company’s business model has proven to be. 27 April 2020
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Watford Holdings has warned its Q1 results will include a net investment loss of approximately $265 million due to the financial volatility caused by the COVID-19 crisis and the resulting economic shutdown. 24 April 2020
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Everest Re Group expects to report a combined ratio below 100 percent for its consolidated reinsurance and insurance operations in Q1 2020, with net investment income of $148 million. 24 April 2020
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RenaissanceRe has confirmed it will not be attending the annual re/insurance Rendez Vous in Monte Carlo in September. 23 April 2020
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