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Insurance
Lloyd’s Syndicate 623, which is managed by Beazley Furlonge and writes business on behalf of Names at Lloyd’s, recognised total gains of $53.6 million in 2016, a jump on the $46.6 million it posted in 2015. 15 March 2017
Insurance
The supervisory board of Dutch insurer NN Group has reappointed Lard Friese as chief executive officer (CEO) for another four-year term. He will also be reinstated as the chairman of group's executive board. 15 March 2017
Insurance
Arcus Syndicate 1856, part of Barbican Insurance Group, has expanded its team with the appointment of a specialist property treaty underwriter. 15 March 2017
News
Munich Re has revealed it plans to buy back up to €1 billion of its own shares by April 2018, as it struggles to find profitable opportunities in what its chairman, who steps down in April this year, said will remain a challenging environment. 15 March 2017
Insurance
Re/insurers can now accurately model liability exposure probabilistically across their entire portfolios, Lloyd’s has claimed, thanks to a new data-driven methodology the market has developed in partnership with modelling company Arium. 15 March 2017
Insurance
Re/insurer XL Catlin has received regulatory approval from the Monegasque Minister of State to provide insurance policies in the principality of Monaco. 15 March 2017
Insurance
Allianz Global Corporate and Specialty (AGCS) has promoted Emy Donavan to lead its cyber insurance business, succeeding Nigel Pearson who has left the company to pursue other opportunities. 14 March 2017
Insurance
Cape, a UK-based manufacturer of industrial materials, has agreed to pay a £52.5 million product liability settlement to three insurers relating to litigation over the carriers' historic employers' liability exposures, however, Cape has not admitted any liability, describing the settlement as "removing the distraction of a likely protracted appeals process". 14 March 2017
Insurance
Hong Kong-based Peak Re has created a unit in Zurich to benefit from Solvency II equivalence and sees growth potential in proportional reinsurance business in Europe. 13 March 2017
Insurance
The London Market Group (LMG) believes that a trade deal which provides mutual benefits to both the UK and the EU is within the government’s reach. 10 March 2017
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