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Insurance
Risk modelling agencies have said it is too early for loss estimates following the earthquake in central Italy this week but two have suggested that many residential properties may not be insured against earthquake risk. 25 August 2016
Insurance
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has agreed to acquire the business, staff and assets of Wholesale Binding Authorities (WBA), an Italian Lloyd’s coverholder. 25 August 2016
Insurance
Gross written premiums (GWP) of German non-life insurers are expected to grow 2 percent in 2016 and 1 percent in 2017, followed by sound growth driven by higher pricing in 2015 of 3.5 percent, according to a Fitch Ratings report. 25 August 2016
Technology
German insurance giant Allianz is boosting its digital capabilities in products and distribution and is planning to apply them to enter new markets, Allianz SE’s first chief digital officer Solmaz Altin told Intelligent Insurer. 24 August 2016
Insurance
Solvency II ratios declined in the first half of 2016 across the UK life insurance sector, driven by a fall in interest rates, particularly following Britain’s decision to leave the EU, according to Fitch Ratings. 23 August 2016
Insurance
European Property Underwriting (EPUL), a commercial property managing general agent (MGA), has promoted Andrew Whittaker to the position of managing director (MD). 22 August 2016
Insurance
RMS has introduced a suite of Europe inland hazard data, which provides high-resolutions insight that allows for an accurate estimation of flood risk. 19 August 2016
Insurance
French life insurers' profitability could suffer if current very low interest rates continue, according to S&P Global Ratings in its latest report, titled “Persistently ultra-low interest rates could mean ultra-low earnings for French life insurers by 2020”. 18 August 2016
Insurance
Property Claim Services (PCS), a Verisk Analytics business, has launched its historical database of industry-wide catastrophe loss estimates for Turkey. 18 August 2016
Insurance
Earthquake in Japan, thunderstorms in the US and Europe, and wildfires in Canada collectively caused $31 billion of insured losses in the first half of 2016, up 51 percent from the same period in 2015, according to estimates made by Swiss Re ahead of its sigma report. 18 August 2016
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