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David Cohen, president and chief underwriting officer of Aspen Insurance Holdings, is now leading the day-to-day management of the company’s insurance business, reporting to Group chief executive officer, Chris O’Kane. 26 January 2018
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Aspen Insurance Holdings has admitted a preliminary estimate of approximately $135 million in pre-tax losses, net of reinsurance and reinstatement premiums, for the fourth quarter of last year. 26 January 2018
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Bermuda-based Sompo International has revealed that Paul Ashworth has joined the company’s London market insurance platform as head of marine insurance, where he will manage a wide portfolio that includes hull & liability and cargo & specie marine classes. 26 January 2018
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The Bermuda Monetary Authority (BMA) has announced that two members of its senior management team are to serve as co-vice chairs of committees at the International Association of Insurance Supervisors (IAIS). 25 January 2018
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Qatar Insurance Company Group (QIC), the insurance group that owns Bermuda-based Qatar Re, has reported what it describes as ‘solid’ financial results for the full year 2017. 25 January 2018
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PCS has launched PCS Global Terror, a new loss aggregation service that provides industry loss estimates for worldwide terror events with insured physical damage and business interruption losses of at least $25 million industrywide. 24 January 2018
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Bermuda’s long-standing tax advantages for reinsurers have been reduced but not eliminated by the Trump Administration’s recent tax cuts, according to a new report by Fitch ratings. 24 January 2018
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Argo Group International Holdings has announced a preliminary pre-tax catastrophe loss estimate for the three-month period ended December 31, 2017 of $34-$38 million, net of ceded reinsurance recoverables, reinstatement premiums and expected profit commissions. 24 January 2018
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AXIS Capital Holdings has unveiled a series of organisational changes that it says will strengthen its operating model, announcing that this will make the Company “future-ready” and further positions it for long-term profitable growth. 24 January 2018
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Brian Duperreault, president and chief executive officer of AIG, and Ed Noonan, chairman and chief executive officer of Validus, have stressed the benefits of AIG’s purchase of Validus. 23 January 2018
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