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Insurance
American International Group (AIG) could potentially free up between $2 and $5 billion capital through the legacy portfolio transferred to DSA Re, a wholly-owned Bermuda-based reinsurer formed in February, 2018, according to Morgan Stanley research. 18 July 2018
Insurance
Tokio Marine HCC has bolstered its management structure with several promotions within the specialty group that provides insurance products for the sports, entertainment and travel industries. 18 July 2018
Insurance
QBE North America, a specialist insurer and an operating division of Australia-based QBE Insurance Group, has partnered with AmWINS Program Underwriters (APU) to offer errors and omissions (E&O) coverage for architects, engineers and design (A&E) businesses. 18 July 2018
Insurance
Ethos Specialty Insurance Services, a managing general agency (MGA) and an Ascot Group company, has hired Kevin Mooney as senior vice president and head of small and medium enterprise (SME) casualty from CapSpecialty. 17 July 2018
Insurance
Underwriting profits globally are likely to improve in 2018, assuming average natural catastrophe losses, as rates reacted after US and Latin America natural catastrophe losses, Swiss Re chief economist Jerome Haegeli said in the BestWeek Asia-Pacific edition. 17 July 2018
Insurance
Property/casualty insurer Chubb has appointed Megan Watt as executive vice president, head of North America claims. 17 July 2018
Insurance
Broker Arthur J Gallagher has acquired North Barrington, Illinois-based The Jack Nebel Companies, a wholesale commercial insurance broker and managing general agency (MGA). 17 July 2018
Insurance
Broker Willis Towers Watson has appointed Mary Botkin as health care industry lead in its corporate risk and broking (CRB) segment. 17 July 2018
Insurance
Following a review of recent years' asbestos-related claims and litigation activity and insurers' paid and incurred loss experience, Fitch has raised projection for ultimate all-time US industry incurred losses to $100 billion compared with a previous estimate of $90 billion. 16 July 2018
Insurance
Reinsurance broker JLT Re, a subsidiary of Jardine Lloyd Thompson Group, has appointed Guy Carpenter executive Scott MacColl as head of credit and surety for North America. 16 July 2018
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