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Insurance
The International Underwriting Association (IUA) has elected Malcolm Newman as its new chairman. Newman is managing director of SCOR’s London Hub. He takes over from Stephen Riley, executive director at Global Aerospace, who has led the association for the past seven years. 27 June 2013
News
The chief underwriting officer of reinsurance start-up Phoenix CRetro Reinsurance Company has said he believes the business could provide as much as $100 million of capacity by the 2015 renewals and he hopes to have financial institutions on board as investors by the Monte Carlo Rendez-Vous. 26 June 2013
Awards
Reputation, client services, innovation and sheer size have all proved popular among the 2013 Global Awards Survey nominees but, as the survey enters its final week, raw talent remains one of the most important qualities cedants seek in their business partners. 26 June 2013
Insurance
Zurich Insurance Group has appointed Mike Davies as global head of marine underwriting within the company’s general insurance business. He will succeed Lee Meyrick who left Zurich in April, 2013. 26 June 2013
News
The consensus that the rapid growth of the third-party reinsurance capital and insurance-linked securities markets could harm certain reinsurers reliant on traditional books of business is growing. 26 June 2013
Insurance
XL Group has appointed Philip Jacobs as global head of capital management, corporate development and tax. 26 June 2013
Insurance
Kiln has appointed Robin Hargreaves as chairman of the R J Kiln & Co Limited Underwriting Board. 26 June 2013
Insurance
Barbican Group Holdings has acquired Seacurus, a UK-based specialist marine insurance broker. 24 June 2013
News
A new company has been launched that plans to offer capital providers in Central and Eastern Europe (CEE), the Middle East & North Africa (MENA) and countries that were formerly part of the Soviet Union (an area known as the Commonwealth of Independent States (CIS)) access to catastrophe retrocessional reinsurance business. 21 June 2013
Insurance
Catastrophe modelling firm AIR Worldwide estimates insured losses in Germany from the recent floods in central Europe will be between €4 billion and €5.8 billion. The overall economic impact is expected to be much higher. While the worst damage has already occurred, this flood event is ongoing. 20 June 2013
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