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Insurance
Insurance firm Liberty Mutual has appointed Jeff Duncan senior vice president and chief underwriting officer of its operation focused on helping healthcare providers and the brokers who support them better manage the total cost of risk. 30 March 2017
Insurance
Specialist insurer Markel International has expanded its trade credit and political risk business to Canada. It will be underwritten by Markel Canada on Lloyd’s syndicate 3000 paper. 29 March 2017
Insurance
Property and casualty insurer Novae Group has entered into a quota share agreement with Fidelis Insurance Bermuda (FIBL) covering Lloyd’s Syndicate 2007’s US property catastrophe treaty excess of loss portfolio for 2017. 29 March 2017
Insurance
Hong Kong-based Peak Reinsurance Company's net profit was $6.9 million in the 2016 financial year, which compares to $59.2 million in the previous year. 29 March 2017
Insurance
American International Group (AIG) has announced that Donna DeMaio will rejoin the company as executive vice president and chief auditor with effect from April 17. 29 March 2017
Insurance
Alleghany president Weston Hicks bets on investments outside of re/insurance to boost profitability. Hicks sees little upside from buying back shares, and the company’s $1 billion in relatively liquid assets gives it the flexibility to take advantages of opportunities such as market hardening, if they come to fruition. 29 March 2017
Insurance
Bermuda-based Everest Re Group has appointed Christopher McKeon to lead the commercial casualty unit within the risk management group of its subsidiary, targeting upper middle market clients within select industry segments. 29 March 2017
Insurance
Chaucer, an insurance group underwriting at Lloyd's, has appointed Joe Murphy as senior class underwriter in its casualty division. 29 March 2017
Alternative Risk Transfer
While alternative capital is here to stay, the industry could well experience a significant reset in rates if cracks in reserves widen and this combines with a big catastrophe loss, says Weston Hicks, the president of Alleghany, who also explains to Intelligent Insurer why his business is ready to benefit from such a scenario. 29 March 2017
Insurance
ProTucket Insurance Company has been launched in the US for providing run-off portfolio transfer solutions, the first of its kind in the US, according to the company. 29 March 2017
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