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Insurance
Arthur J Gallagher has promoted three senior leaders in its property/casualty (P&C) brokerage department. 1 December 2016
Insurance
Rating agency AM Best has added nine insurers to its 2015 list of impaired insurers in its latest update on the long-term impairment rates of AM Best rated US-domiciled insurance companies. 1 December 2016
Insurance
Further declines in profitability and earnings driven by competitive market conditions has prompted rating agency Fitch to revise its sector outlook for the US property/casualty insurance sector to negative from stable. 1 December 2016
Insurance
Bermuda-based Endurance Specialty Holdings has hired senior executives from Axis and Swiss Re to help it launch a new excess casualty product for commercial transportation clients. 1 December 2016
Insurance
Managing general agency Access Holdco Management has acquired property/casualty insurer Occidental Fire & Casualty Company’s Massachusetts non-standard auto insurance book of business. 30 November 2016
Insurance
The Hanover Insurance Group has updated its equipment breakdown protection to include technology-based equipment such as microelectronics and cloud computing services. 30 November 2016
Insurance
Risk management firm Hanover Stone Partners has appointed Ted Dann and Paul Petrylak as national practice leaders and senior risk advisors to expand firm’s capabilities in the real estate sector and financial products advisory services. 30 November 2016
Insurance
The US National Flood Insurance Program (NFIP) has tested the transfer of flood risk to the private reinsurance sector, paving the way for a large-scale privatisation of US flood risk. 30 November 2016
Insurance
The US National Flood Insurance Program (NFIP) has tested the transfer of flood risk to the private reinsurance sector, paving the way for a large-scale privatisation of US flood risk. While the potential business for reinsurers is significant, it is likely to be a long and complex process. 30 November 2016
Insurance
US property/casualty insurers can expect losses from third-party liability asbestos claims to increase 18 percent to $100 billion, according to an AM Best report. 29 November 2016
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