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UIB Launches Colombian Retail Broker Operation

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International (re)insurance broker UIB has launched a retail broking business in Colombia. The new company, UIB Seguros will be headed by CEO, Yolanda Guerra, reporting directly to Tony Dilley, CEO…

MENA (Re)Insurers Encounter Challenging Operating Environment But Region Retains Allure

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Against the backdrop of ongoing geopolitical tensions in the Middle East and North Africa (MENA), political, financial, and economic risks for (re)insurers operating in the region remain elevated. Nevertheless, A.M.…

Aetna Announces Transaction With Vitality Re IX

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Aetna has announced that it has entered into a four-year reinsurance arrangement with Vitality Re IX Limited as part of its long-term capital management strategy. The arrangement allows Aetna to…

2017: A Year Of High Insured Losses

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The hurricane trio of Harvey, Irma and Maria will cost the insurance industry a record amount in 2017: the final insurance bill for those and other natural catastrophes, including a…

Global Reinsurance Market Weathers One Of The Worst Loss Years On Record

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With recent catastrophe loss estimates in the region of US$136 billion, 2017 is proving to be one of the worst loss years on record for the global (re)insurance market, according…

China’s Reinsurers Operating in an Increasingly Difficult Market

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China is increasingly becoming a difficult environment for non-life reinsurers, as competition and the regulatory environment are adding to top-line and profitability pressures. The Chinese life reinsurance market, meanwhile, has…

RGA Releases 2017 Global Life and Health Underwriting Survey

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Reinsurance Group of America, Incorporated has released its 2017 Global Life and Health Underwriting Survey. The survey was conducted among 25 leading life and health insurers from large global, regional,…

A.M. Best Assigns Credit Ratings To Lumen Re Ltd.

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A.M. Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” to Lumen Re Ltd. (Lumen Re) (Bermuda). The outlook assigned to…

Swiss Re's Closed Book Business ReAssure To Acquire 1.1 Million Legal & General Life Policies For £650 Million

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Swiss Re has agreed to purchase 1.1 million life insurance policies from UK financial service provider Legal & General Group PLC (L&G) for GBP 650 million. These policies will be…

A.M. Best Removes From Under Review And Upgrades Issuer Credit Ratings Of Munich Reinsurance Company And Most Of Its Subsidiaries

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A.M. Best has removed from under review with positive implications and upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “aa” from “aa-” and affirmed the Financial Strength Ratings (FSR)…
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