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As the popularity of capital markets increases, two Bermuda players have announced additions to their capital markets team. 10 June 2013
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John Newton, manager of Ironshore Europe’s London office, told Bermuda:Re that questions arising from the Boston bombings influenced how their new product handled terrorism coverage for high profile events. 7 June 2013
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Taking over as CEO is a daunting task, presenting unique challenges associated with building relationships within the new organisation and imposing a new management style. 6 June 2013
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XL Group has created a dedicated reinsurance global emerging markets unit as it looks to develop opportunities in new and emerging geographies. 5 June 2013
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Ironshore International has announced the launch of their “SecurEvent” coverage, an insurance product that covers potential risk exposures surrounding high-profile events. 4 June 2013
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ACE Group has received provisional approval from local regulators to establish a representative office in Myanmar. 3 June 2013
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Risk modelling firms EQECAT and RMS have agreed to share data schemas to help clients using multiple models to better understand their results and assumptions. 31 May 2013
ILS
Rising levels of convergence capital will require a change of strategy among reinsurers, with those that lack an identifiable brand or the underwriting expertise likely to be left behind. 30 May 2013
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Congressman Richard Neal has reintroduced a controversial bill that would deny tax deductions for reinsurance premiums paid to foreign affiliates by domestic insurers. 30 May 2013
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The Guy Carpenter Asia Pacific Climate Impact Centre, a joint study conducted annually by Guy Carpenter and City University Hong Kong, linked rising ocean temperatures with increased tropical cyclone activity. 28 May 2013
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