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Insurance
AM Best has upgraded the financial strength rating of Arab Insurance Group (Arig) to A- (Excellent) from B++ (Good). The outlook of the rating has been revised to stable from positive. 22 December 2016
Insurance
Rob Kuchinski, the senior vice president and head of international property at Allied World since August this year, has resigned to join Zurich Insurance as global head of property and energy. 20 December 2016
Insurance
Pioneer Underwriters, a subsidiary of Minova Insurance Holdings, has set up a new renewable energy underwriting capability in London, and appointed Warren Diogo to head the division. 16 December 2016
Insurance
Specialist re/insurance broker Miller has appointed Tiziano Migliorino as an executive associate with a broking and business production role in its professional lines capabilities, based in London. 16 December 2016
Insurance
The chief executive of Probitas Syndicate 1492 at Lloyd’s has said the syndicate may move to find a buyer for the capacity and shareholding in Probitas provided by Istmo Compañía de Reaseguros (Istmo Re), the Panama reinsurer now under regulatory supervision in its home market. 15 December 2016
Alternative Risk Transfer
With the UK government looking to attract more ILS vehicles to London, the market is wondering exactly what it’s trying to achieve. Katherine Coates and Ashley Prebble, partners at Clifford Chance, cast an eye over what’s happening. 15 December 2016
Insurance
Legal & General (L&G) has appointed Cheryl Agius as the chief executive officer (CEO) of its general insurance business. 15 December 2016
Insurance
Axis Capital Holdings is set to relocate its London office to a new skyscraper called The Scalpel in 2018, adjacent to Lloyd’s of London at 52 Lime Street. 14 December 2016
Insurance
John Nelson and Inga Beale, the chairman and chief executive of Lloyd’s respectively, have confirmed that the market’s 2017 subscription will reduce by 10 percent in a joint year-end statement. 13 December 2016
Insurance
John Nelson and Inga Beale, the chairman and chief executive of Lloyd’s respectively, have warned that the solid performance the market has enjoyed this year, barring any major catastrophe claims in the next two weeks, simply masks a deteriorating and worrying trend: that current year underwriting is not profitable in aggregate at the moment. 13 December 2016
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