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Insurance
Commercial insurance prices were nearly flat during the third quarter of 2017, according to Willis Towers Watson’s most recent Commercial Lines Insurance Pricing Survey (CLIPS). 11 December 2017
Insurance
Bermuda-based re/insurer Validus Holdings has made several leadership appointments, reflecting an organisational change that results in three new reportable segments - reinsurance, insurance and asset management. 11 December 2017
Insurance
The insured property losses caused by extratropical cyclone Herwart that affected Austria and Germany in October are estimated to be at €252 million, according to data provider PERILS. 11 December 2017
Insurance
A destructive wildfire raging in southern California has expanded significantly, scorching an area larger than New York City, BBC News reported on Dec. 11. 11 December 2017
Insurance
AM Best has revised the outlooks for the main non-life insurance subsidiaries of Zurich Insurance Group to stable from negative following corrective actions by the management on the group’s property & casualty (P&C) operations. 11 December 2017
Insurance
Property/casualty insurer Chubb has appointed Tracey Laws as senior vice president, general counsel, global government and industry affairs. 11 December 2017
Insurance
New products based on technology and data are increasingly being brought to market, while claims processes are being sped up through technologies such as blockchain, freeing up capabilities for new services, according to panellists at an Intelligent Insurer roundtable sponsored by S&P Global Ratings at October’s Baden-Baden Reinsurance Meeting. 10 December 2017
Insurance
Navigators International, an underwriting segment of Navigators Group, has opened a new office in Madrid, Spain and appointed Carlos Peña Kaiser as country manager. 4 December 2017
Alternative Risk Transfer
A UK government cross-party committee has approved the Risk Transformation Regulations 2017 and the Risk Transformation (Tax) Regulation 2017, which are aimed at establishing London as a hub for insurance-linked securities. 30 November 2017
Insurance
Property/casualty insurer Chubb has revealed its preliminary fourth quarter loss estimates from natural catastrophes of approximately $320 million before taxes (or $249 million after tax). 30 November 2017
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