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Insurance
RenaissanceRe enjoyed strong growth in the second quarter in both its property book and its casualty book and its profits grew. But it warned that “meaningful uncertainty” remains around the scale of claims stemming from many of the big catastrophes that hit its profits last year. 25 July 2018
Insurance
Howden, the retail broking arm of Hyperion Insurance Group, has entered into a strategic partnership with one of Tanzania’s oldest insurance brokers BR Puri & Company by establishing a newly formed local entity, Howden Puri Insurance Brokers. 25 July 2018
News
Reinsurance broker Guy Carpenter & Company, a wholly owned subsidiary of Marsh & McLennan Companies, has promoted Gregory King-Underwood to head of the credit, bond and political risk practice of Guy Carpenter International. 25 July 2018
Insurance
Dawning awareness of the scale and severity of financial risks posed by artificial intelligence (AI) means that, in the next few years, London market underwriters will need to review their policies in a search for hidden AI exposure, according to law firm Clyde & Co. 24 July 2018
Insurance
While the UK’s specialty insurance market is showing only “modest” rate increases, mergers & acquisitions (M&A) are on the rise as insurers look for growth, according to EY UK insurance leader Rodney Bonnard. 24 July 2018
Insurance
Chubb European Group and ACE Europe Life have converted to Societas Europaea (SE) in the company's Brexit preparations to redomicile its businesses to France. 24 July 2018
Insurance
At least 60 people have died in wildfires in the Attica region around Athens, in Greece's worst fire disaster in more than a decade, according to a July 24 BBC News report. 24 July 2018
Insurance
Specialist credit and political risk insurance broker BPL Global has created a new specialist division dedicated to excess of loss (XoL) trade credit insurance with a specific focus on the trade finance sector. 24 July 2018
Insurance
More than $1.1 billion in claims has been paid by July 12, 2018 to policyholders because of damage caused by hurricane Irma, according to latest data from the US Federal Emergency Management Agency (FEMA). 24 July 2018
Insurance
Tokio Marine Holdings and Intact Financial are leading a $90 million investment in San Francisco-based startup MetroMile, according to a July 23 Bloomberg News report. 24 July 2018
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