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Insurance
Lloyd's syndicate ICAT launches first cat bond Buffalo Re
ICAT Syndicate 4242 of Lloyd’s of London has issued its first catastrophe bond Buffalo Re Series 2017-1 that will offer indemnity reinsurance coverage for storms and earthquakes occurring in the US.   20 March 2017
Insurance
M&A deals decline despite Asian expansion and insurtech investments
The number of completed mergers and acquisitions (M&A) in the global insurance industry fell to 387 in 2016, 13 percent down from the 444 transactions recorded in 2015, according to a new report.   16 March 2017
Insurance
Liberty Mutual '16 FY profit up but motor hits Q4, Ironshore deal on track
US-based property/casualty insurer Liberty Mutual Holding Company reported attributable net income of $1.01 billion for 2016, an increase of $492 million versus the same period in 2015.   2 March 2017
Insurance
Brit hires former Argo exec to lead new cyber team in US
Specialty insurer Brit has launched a new US-based cyber and technology team with the appointment of Michael Carr as senior vice president to lead the offering.   1 March 2017
Insurance
BIBA partners with Litmus for technical support
The British Insurance Brokers' Association (BIBA) has appointed Litmus as consultants to provide technical support on issues relating to broker use of credit ratings and insurer solvency.   1 March 2017
Insurance
NFP expands benefits footprint with acquisition in southeast US
Insurance broker NFP has acquired US-based McLaughlin & Smoak (M&S) employee benefits broker to expand its benefits footprint in the Southeast region.   22 February 2017
Insurance
Low losses and stronger balance sheets protect marine P&I Clubs
Marine protection and indemnity (P&I) insurers have strengthened their balance sheets in the past 12 months and benefited from low loss experience, leading S&P Global Ratings to take positive rating actions, including upgrading three insurers.   21 February 2017
Insurance
Saudi insurance market 2016 profits more than double
AM Best believes the Saudi insurance market has turned the corner following a period of underwriting volatility.   16 February 2017
Insurance
Brit boosts programme capability with Axis president in the US
Specialty insurer Brit has appointed former Axis Capital executive Tim Chesson as senior vice president, programmes in the US.   6 February 2017
Insurance
EMEA insurers take advantage of cheap financing: S&P
EMEA insurers take advantage of low interest rates to reduce their debt financing costs, according to an S&P Global Ratings report.   27 January 2017

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