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Insurance
Swiss Re has appointed Mike Mitchell as the head of property and specialty reinsurance to succeed Edouard Schmid who will assume the group chief underwriting officer (CUO) role at the company. 23 March 2017
Insurance
The Lloyd’s Market Association (LMA) has appointed five new members to its board with effect from May 17. 23 March 2017
Insurance
Switzerland-based Allied World Assurance Company's shareholders have approved the merger transaction with Canada-based property/casualty re/insurer Fairfax Financial Holdings. 23 March 2017
Insurance
The brunt of an expected one-off reserve charge of approximately £5.8 billion due to the Ogden personal injury discount rate cut may be borne by reinsurance, according to market estimates. While reinsurers told Intelligent Insurer that they are adequately reserved they are preparing for material rate increases. 22 March 2017
Insurance
Dutch insurer Delta Lloyd expects to receive the regulatory approval for the company’s €2.5 billion takeover by its competitor NN Group in the second quarter of 2017 but warns on the risks of the deal. 22 March 2017
Insurance
Reinsurers are particularly exposed to the UK’s decision to lower the Ogden personal injury discount rate by far more than expected, which is boosting victims’ compensation and the need for reserves, impacting the profitability of the business. 21 March 2017
Insurance
Re/insurer QBE Australia and New Zealand has appointed Jon Fox as the executive general manager (EGM) of claims, and Andrew Corbett as general manager of its fully owned subsidiary Elders Insurance. 21 March 2017
Insurance
In a letter to Treasury Secretary Steven Mnuchin, four insurance industry trade bodies in the US including the Reinsurance Association of America have reiterated their strong support for the Covered Agreement that was recently negotiated by the US and EU that resolved significant prudential insurance and reinsurance matters. 21 March 2017
Insurance
US-based RMC Group, an insurance, risk management and actuarial consulting firm, has opened new offices in the UK to expand its presence in the European market. 21 March 2017
Insurance
German insurer Hannover Re has reached an agreement to acquire the entire share capital of the UK holding company Argenta, which owns Lloyd’s managing agent Argenta Syndicate Management and Argenta Private Capital as well as pro rata share of the Lloyd's Syndicate 2121. 20 March 2017
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