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Insurance
A record-breaking catastrophe year 2017 has allowed Beazley to increase reinsurance prices by 3 percent in non-US business and 8 percent in US business at January 2018 renewals. 8 February 2018
Insurance
Specialty re/insurer Brit has hired Christopher Ballantyne to join its claims team in the newly created role of vice president of delegated claim authority. 7 February 2018
Insurance
Indio Technologies, a commercial insurance platform for brokers has raised $6 million in Series A financing to expand its digital platform to modernise commercial insurance processes for brokers and agents. 7 February 2018
Insurance
US investor Calamos Family Partners (CFP) filed a lawsuit in the US against Dutch EXIN Financial Services Holdings for defaulting on loans, according to an emailed statement, putting in doubt the planned acquisition of National Bank of Greece’s insurance unit, according to a Feb. 7 Reuters report. 7 February 2018
Insurance
The US property/casualty (P&C) industry is set to post a second consecutive underwriting loss in 2017, driven mainly by catastrophe losses, according to AM Best estimates. 7 February 2018
Insurance
Commercial insurer Markel reported a comprehensive income to shareholders of $1.2 billion for 2017 compared to $667.0 million in 2016. 7 February 2018
Insurance
Validus Specialty has launched a standalone cyber insurance product, focused on privacy and network protection coverage, to further expand its offering and meet a growing demand. 6 February 2018
Insurance
After an unusually tough 2017, Munich Re is facing tailwinds from increasing prices on the back of high catastrophe losses from hurricanes Harvey, Irma and Maria, as well as climbing interest rates. 6 February 2018
Insurance
A significant increase in operating profit in the fourth quarter of 2017 helped to prop up Everest Re’s 2017 full year results which were impacted by severe natural catastrophes in North America. 6 February 2018
Insurance
Canada-based Fairfax Financial Holdings has entered into an agreement to acquire certain assets and assume certain liabilities of Carillion’s Canadian operations, according to a Feb. 5 press release. 5 February 2018
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