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Insurance
Markel CATCo appoints chief risk officer, co-chief underwriting officer
Markel CATCo Investment Management has appointed Alissa Fredricks as chief risk officer, and Simon Moore as co-chief underwriting officer alongside Lindsay Watson.   8 May 2017
Insurance
Severe wind and hail storm cause underwriting loss at Liberty Mutual in Q1
Severe wind and hail storm losses have dented Boston-based Liberty Mutual Holding Company’s profits in the first quarter of 2017 while the company grew organically and via the acquisition of Ironshore.   5 May 2017
Insurance
Investment performance boosts Alleghany results as TransRe shrinks
Strong investment results helped boost an otherwise tepid set of first quarter results for Alleghany Corporation, which owns TransRe, in which its profits dipped because of lower underwriting profits less reserve developments and the business also shrank slightly.   5 May 2017
Insurance
Ryan Specialty Group hires technology leader from Aon
US-based Ryan Specialty Group (RSG) has appointed Kathy Burns as senior vice president, chief digital officer, based in Chicago.   5 May 2017
Insurance
HCI boosts Q1 profits by cutting reinsurance costs
Florida-based homeowners’ insurer HCI reduced reinsurance purchases in the first quarter of 2017, boosting profits while price increases caused premium drop.   5 May 2017
Insurance
Willis Q1 profit jumps on higher income from operations
Broker Willis Towers Watson reported a 43.7 percent year-on-year increase in net profit for the first quarter of 2017 as the income from its operations rose.   4 May 2017
Insurance
Cat losses almost triple at The Hanover in Q1
US-based property/casualty insurer The Hanover Insurance Group reported a jump in its first quarter 2017 catastrophe losses impacting results.   4 May 2017
Insurance
Munich Re leads investment in insurtech firm Next
Insurtech start-up Next has raised $29 million in a Series A funding round led by Munich Re, through its venture capital arm HSB Ventures, along with Markel, Nationwide, and other investors.   4 May 2017
Insurance
Swiss Re bets on growth in Asia but struggles elsewhere
Swiss Re expects to benefit from “very significant growth” potential by setting up a new hub in Singapore but is shrinking the business elsewhere to protect profitability.   4 May 2017
Insurance
AIG returns to profit as it reaps rewards of restructuring
American International Group (AIG) enjoyed a return to solid profits in its first quarter results as its CEO highlighted the company was enjoying the fruits of actions it has taken to execute to strengthen its balance sheet and improve earnings quality.   4 May 2017

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