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Insurance
Aon has named Jim Gloriod as CEO of its US Construction Services Group, responsible for the construction, power and the environmental practices.   8 November 2017
Insurance
Bitspark, a fintech company in Hong Kong developing money exchange technology and placement in the blockchain industry, has secured funding from RGAx, the innovation accelerator of Reinsurance Group of America.   7 November 2017
Insurance
Hiscox enjoyed strong growth in most parts of its portfolio in the first nine months of the year as it noted hardening rates – reaching up to 50 percent in loss-affected US property business – boosted the business.   7 November 2017
Insurance
AmTrust Financial Services has agreed to sell a 51 percent equity interest in certain parts of its US-based fee businesses to Madison Dearborn Partners, a private equity firm in a deal that values the business at $1.15 billion, plus up to an additional $50 million upon exit, subject to agreed thresholds.   7 November 2017
Insurance
AmTrust Financial Services has posted a prior year adverse reserve development of $326.9 million on a pre-tax basis for the third quarter ended September 30, 2017.   7 November 2017
Insurance
The proposed House bill calls for 20 percent corporate tax rate, which could lift earnings of US property/casualty (P&C companies) by around 14 percent on average, according to Morgan Stanley analysts.   6 November 2017
Insurance
Berkshire Hathaway recorded an overall net loss from insurance underwriting of $1.44 billion in the third quarter of 2017 compared to a net income of $272 in the same period a year ago.   6 November 2017
Insurance
American International Group (AIG) expects double-digit rate increases across the property market while the costs of the California wildfires are estimated at around $500 million before taxes.   6 November 2017
Insurance
Lloyd’s accredited Pioneer Underwriters has launched a new property excess and surplus (E&S) and hired David Phillips to lead the team based in Alpharetta, Georgia.   6 November 2017
Insurance
Bermuda-based specialty re/insurer Lancashire Holdings has decided against paying a special dividend in 2017 and instead to deploy the capital in a hardening market but analysts commented that the company also faces higher retrocession rates, Bernstein analysts wrote in a note.   6 November 2017

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