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Argo Group announces 2017 profit

Argo Group has reported net income of $28.9 million in the fourth quarter of 2017, a slight fall from the $32.9 million it made in the same quarter of 2016. 14 February 2018

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Brit renews and expands Versutus

Brit has completed and expanded its Versutus 2018 Series Notes. This is the fourth annual renewal and continued expansion of this Bermuda domiciled special purpose insurer, which now has invested capital of $187 million. 14 February 2018

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PartnerRe partners with Farmers Edge on new agricultural deal

PartnerRe has signed an agreement with agricultural information and management specialist Farmers Edge that it claims will help insurers to close the insurance gap among farmers all over the world. 13 February 2018

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Arch Capital sees profits surge in Q4 2017

Arch Capital Group has reported fourth quarter 2017 net income of $203.5 million, a substantial rise on the $62.4 million it made in the same period of 2016. 13 February 2018

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BSX declares support for anti-money laundering campaign

The Bermuda Stock Exchange (BSX) has announced its support for Bermuda’s new ‘Just Good Business’ campaign. 13 February 2018

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US tax cuts will hit Bermuda re/insurers claims survey

The recent US tax cuts, officially known as the Tax Cuts and Jobs Act of 2017, will have an impact on those re/insurers that are based on Bermuda, according to an exclusive survey of readers of Bermuda:Re+ILS. 12 February 2018

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Fitch claims M&A activity might increase

Fitch Ratings has claimed that the combination of continued competitive pressures, the effects of US tax reform and catastrophe losses in 2017 is leading to increased talk of more M&A among (re)insurers in 2018, especially in the Bermuda market. 12 February 2018

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Argo subsidiary creates Lloyd’s motor treaty consortium

Argo Group’s London-based subsidiary and Lloyd’s insurer ArgoGlobal has created what it claims is the first Lloyd’s Market consortium for motor treaty business. 12 February 2018

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Sirius creates credit facility

Sirius International Insurance Group has entered into a three-year, $300 million senior unsecured revolving credit facility via its indirectly wholly-owned subsidiary Sirius International Group. 12 February 2018

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AIG creates new Bermuda run-off subsidiary

AIG has created a Bermuda-domiciled legal entity named DSA Reinsurance Company (DSA Re) which will act as AIG’s main run-off reinsurer. 9 February 2018

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