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Insurance
Qatar Insurance Company (QIC) enjoyed solid growth in the first nine months of the year but its profits were hit by high catastrophe losses, the soft market and changes to the Ogden rate in the UK. 24 October 2017
Insurance
Lloyd’s has revised its net claims estimates for hurricanes Harvey and Irma downwards but it stressed that there remains a high degree of uncertainty around what the final bill might be. 24 October 2017
Insurance
Property/casualty insurer The Hartford has entered into a definitive agreement to acquire Aetna's US group life and disability business for a cash consideration of $1.45 billion. 24 October 2017
Insurance
Ironshore, a part of Liberty Mutual Company, has named Kristin McMahon as head of US claims. 24 October 2017
Insurance
US-based Ryan Specialty Group (RSG) has reached a definitive agreement to acquire Houston, Texas-based wholesale broker Oxford Insurance Services. 24 October 2017
Insurance
Munich Re is seeking opportunities to grow in North America after losses stemming from the large nat cat events in the third quarter improve pricing, Hermann Pohlchristoph, member of the board of management at Munich Re, told Baden-Baden Today. 24 October 2017
Insurance
Re/insurers and brokers are realising the value of partnering with a strategic managed services provider to keep abreast of new developments in catastrophe and exposure management, as Monalisa Samal and Puneet Bajpai of Xceedance tell Baden-Baden Today. 24 October 2017
Insurance
Although Munich Re issued a profit warning in September as a result of the Fall nat cat events in Mexico and the US, it is still not ready to release figures for the losses. Hermann Pohlchristoph, a member of Munich Re’s Board of Management, said in a press briefing at Baden-Baden that the company was reluctant to be the first to release such figures. 24 October 2017
Insurance
Rate hardening in the US and the Caribbean due to recent nat cat losses is set to unwind past price reductions in Europe, Jens-Ulrich Peter, Swiss Re head of property underwriting, EMEA, told Baden-Baden Today. 24 October 2017
Insurance
The Hartford, a US-based property/casualty insurer, has elected Greig Woodring and Steve McGill to its board of directors. 23 October 2017
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