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## ##. ## Definitions This report is the result of extensive research into the insurance industry in Gibraltar, covering Reinsurance market.
The act governs the activities of insurance and reinsurance companies and insurance intermediaries.
XL Re, the global reinsurance operations of XL announced that, it received regulatory approval to serve the Brazilian reinsurance market as an admitted reinsurer in 2008.
The group announced the formation of a reinsurance company in Switzerland to expand the European based reinsurance business, in 2010.