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Insurance
Specialty re/insurance provider Lancashire Holdings has called 2016 a difficult year, with net operating profits falling 17 percent compared to 2015. 16 February 2017
Insurance
Argo Pro, a subsidiary of specialty re/insurer Argo Group, has partnered with BlueChip Underwriting Services to provide transactional risk insurance to facilitate mergers and acquisitions. 16 February 2017
Insurance
CNA, the commercial insurance provide, has appointed Scott Weber to fill a newly-created senior vice president (VP) role within its worldwide property and casualty (P&C) claim unit. 16 February 2017
Insurance
Sapiens International, a global provider of software solutions for the insurance industry, has acquired StoneRiver for an all-cash deal of $102 million to expand its footprint in the US property/casualty (P&C) market. 16 February 2017
Insurance
If California’s Oroville Dam were to fail completely, 50,047 single- and multi-family residential homes could be damaged with an estimated reconstruction cost value (RCV) of $13.3 billion, according to CoreLogic, a data and analytics provider. 16 February 2017
Insurance
American International Group (AIG) reported a net loss of $3.04 billion, up from a negative $1.84 billion in the same period of 2015, impacted by a $5.6 billion prior year adverse reserve development. 15 February 2017
Insurance
US-based global health service company Cigna has called off a proposed merger agreement with Anthem following an order from the US District Court for the District of Columbia and demands more than $14.85 billion compensation from Anthem. 15 February 2017
News
Swiss Re corporate solutions has appointed Jim George to the role of global head of claims. He succeeds Nicola Parton, who is now the head primary lead strategy and client engagement. 15 February 2017
Insurance
Catastrophe risk modelling company RMS has appointed Mike Pritula as president to lead its client service and market development. He will also join the executive committee of RMS. 15 February 2017
Insurance
Specialist insurer Beazley has introduced errors and omissions (E&O) and media liability coverage for TV/film producers through the company's newly-acquired Canadian operations. 15 February 2017
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