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Insurance
Specialist insurer Markel International has appointed Dillon Matthews as trade credit underwriter and senior risk analyst in Singapore to strengthen and broaden its Asia Pacific resources. 12 June 2017
Insurance
A surge in M&A and share buybacks could sweep Europe's insurance sector in 2017 with firms now considering both these options as a way to use surplus capital, according to a report by Moody's Investors Service. 12 June 2017
Insurance
StarStone, the specialty insurer and subsidiary of Enstar Group, has appointed Rod O’Malley as head of cargo in London. He will report to global head of marine Simon Schnorr. 12 June 2017
Insurance
US-based niche insurance provider ProSight Specialty Managing Agency Limited has ceased the underwriting of Syndicate 1110 and placed the syndicate into run-off, Lloyd’s said in a June 9 Market Bulletin. 12 June 2017
Insurance
A new generation of catastrophe models could be completely transparent to their users – heralding a seismic change in the way risk models are built and used, which could be as significant a change for the industry as when the very first cat models were built in the early 1980s. 9 June 2017
Insurance
Cyber attacks like the ransomware dubbed ‘WannaCry’, which has hit hundreds of thousands of businesses around the world in recent months, have highlighted that businesses must first properly understand and assess the risk before they purchase the necessary insurance, according to Julia Graham, deputy-CEO and technical director at Airmic, the UK’s risk management association. 9 June 2017
Insurance
The insurance industry must redouble its efforts to maintain its relevance as an increasing number of board-level risks do not have an insurable solution at the present time, according John Hurrell, the outgoing CEO of Airmic, the UK’s risk management association. 9 June 2017
Insurance
Troubled AmTrust Financial Services said June 9 that it has entered into agreements to sell 10,586,000 shares it owns in specialty personal lines insurer National General Holdings (NGHC) for approximately $211.7 million. 9 June 2017
Insurance
Bahrein-based re/insurer Trust Re has appointed Fetooh Al Zayani and Kai-Uwe Schanz as independent non-executive directors for a three-year term. 6 June 2017
Insurance
Insurers exposed to UK liability business face big hikes in their reinsurance pricing and continued uncertainty as a result of recent changes made to the personal injury discount rate in the UK despite many having already reported sizable one-off reserve charges in recent result, according to AM Best. 5 June 2017
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