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AM Best is revising its outlook on the commercial lines segment of the US property/casualty industry to stable from negative for 2018, citing an embedded change in the sophistication of the segment’s pricing and underwriting infrastructure and the segment’s resilience amid a variety of macroeconomic and insurance market issues in recent years. 4 January 2018
Insurance
Maidstone Insurance Company, a New York-domiciled, personal lines insurer with 23 state licenses, has been acquired by Special Diversified Opportunities, a publically traded diversified holding company that acquires companies in various industries. 4 January 2018
Insurance
US insurers will need to be nimble if they are to maximise the potential benefits – and overcome potential pitfalls – stemming from US tax reforms, according to S&P Global Ratings, in a new report called ‘US Tax Reform: A Mixed Bag Of Goods For Life, Health, and P/C Re/Insurers.’ 2 January 2018
Insurance
Pioneer Underwriters has launched a new ocean marine underwriting capability with the appointment of Zach McAbee as head of the new unit. 2 January 2018
Insurance
Reinsurance rates are poised to improve in 2018 as a result of the significant 2017 catastrophe events, particularly on US property catastrophe lines and in the retrocessional market – that is according to many of the executives who we interviewed for our year-end questionnaire. 2 January 2018
Insurance
The natural catastrophes which struck North America represented the most important development in the non-life re/insurance sector in 2017, according to executives interviewed by Intelligent Insurer for our year-end questionnaire. 29 December 2017
Insurance
The insurance industry in the US will see overall benefits from the reduced corporate tax rate as a result of The Tax Cuts and Jobs Act, once it is signed into law; however, partially offsetting the benefits are certain revenue enhancements that will impact life and property/casualty (P/C) companies. 22 December 2017
Insurance
SmarterSafer, a national coalition of environmental groups and insurance interests, has urged US lawmakers to find a long term and sustainable solution for the National Flood Insurance Program (NFIP) rather than allowing short-term extensions. 22 December 2017
Insurance
AXIS Insurance has hired the vice president, workers’ compensation and underwriting officer, large casualty business unit, of CNA. 22 December 2017
Insurance
US-based property/casualty insurer The Hartford has appointed Carlos Dominguez to its board of directors, as the company accelerates its digital strategy and investments in technology. 22 December 2017
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