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Insurance
Insurer Tower Group has received a competing bid from Euroins Insurance Group (EIG), a South East European insurer which represents a 50 percent premium on the offer from AmTrust. 14 May 2014
Insurance
Markel UK, the specialist insurer, has further developed the biomedical and life sciences liability product that it launched in November last year. 14 May 2014
Insurance
Allianz Insurance has appointed Gary Davess, formerly of Tesco Bank, to its retail division as director, specialty and direct. He succeeds Neil Brettell who joined the Allianz management board as general manager, retail division in January this year. 14 May 2014
Insurance
The UK is facing a crisis of confidence in its insurance sector with insurers not being trusted to honour cyber security claims by a shocking 63 percent of organisations. 14 May 2014
Insurance
A relatively benign year in terms of national catastrophe losses combined with an improved pricing environment helped the property/casualty unit of insurer Allianz post growth and greater profitability in the first quarter of 2014. 14 May 2014
Insurance
Novae Group, the specialist Lloyd’s insurance group, enjoyed solid growth in the first three months of 2014 in what it described as a challenging rating environment as it targeted more speciality classes of business. 14 May 2014
Insurance
Catlin Group posted very healthy growth in the first quarter of 2014 driven by its reinsurance book and international operations. While its CEO warned on softening rates in catastrophe-exposed lines, he said some hardening was occurring elsewhere. 14 May 2014
News
Tokio Millennium Re, the reinsurance subsidiary of Tokio Marine, posted solid growth and profits in 2013 driven by its expansion into non-catastrophe business. Its CEO warned of a tough year ahead for reinsurance but said its recent move to Zurich should open doors in Europe. 13 May 2014
Insurance
Brit has acquired the renewal rights to QBE’s London-based dedicated Lloyd’s aviation business from 1 June, it has said in its first quarter results. 13 May 2014
Insurance
Brit enjoyed some growth in the first quarter of 2013 driven by its direct insurance business. Its reinsurance unit, in contrast, shrunk slightly in what its CEO admitted remain difficult market conditions in property lines in particular. 13 May 2014
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