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Insurance
Private auto net incurred losses will increase by nearly 7 percent in 2017 to a new record of approximately $154 billion, reflecting elevated volume and costs of claims, according to the third annual US Property & Casualty Insurance Market Report by S&P Global Market Intelligence. 29 June 2017
Insurance
Property/casualty insurer Chubb has increased its terrorism, political violence and war insurance capacity by 50 percent to meet the needs of large, multinational businesses with growing global exposures. 13 June 2017
Insurance
Crop Pro Insurance, a new managing general agent (MGA) specializing in crop insurance, has appointed its co-founder as its new president. 22 August 2017
Insurance
American International Group (AIG) has completed the sale of its Japan life insurance business, AIG Fuji Life Insurance (AFLI), to FWD Group, the insurance segment of Pacific Century Group. 2 May 2017
News
Global reinsurers' first half 2017 results provide further evidence of continuing pressure on pricing and earnings, Fitch Ratings said on Aug. 21. 21 August 2017
Insurance
Steve Hearn, deputy CEO of Willis Group Holdings has been elected as chairman of the London & International Insurance Brokers’ Association (LIIBA), an association which represents insurance brokers in London and international markets. He succeeds Graham Clarke of Miller, who continues as deputy chairman of LIIBA. 17 March 2014
Insurance
The British Insurance Brokers’ Association (BIBA) has appointed its loss adjusting subsidiary, Lorega Solutions, to provide ‘After The Event’ (ATE) claims service for BIBA members. 5 April 2017
Insurance
Berkshire Hathaway recorded an overall net loss from insurance underwriting of $1.44 billion in the third quarter of 2017 compared to a net income of $272 in the same period a year ago. 6 November 2017
Insurance
Netherland-based insurer Aegon has completed its divestment transaction with Wilton Re, a company focused on the North American life insurance market. 29 June 2017
Insurance
US insurer WR Berkley Corporation has formed two operating companies in Mexico after being granted authorisation by local regulator Comisión Nacional de Seguros y Fianzas (CNSF). 13 June 2017
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