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Insurance
Chubb sets up global cyber risk practice, names head
Property/casualty insurer Chubb is creating a standalone cyber risk business under Bill Stewart as division president.   12 July 2017
Insurance
Zurich sells Middle East operations to Cigna
Zurich Insurance's Middle East business has been acquired by global health insurer Cigna Corporation.   12 July 2017
Insurance
ARAG grows reinsurance business
UK legal protection and assistance specialist ARAG plc said on July 12 that it grew its income from the reinsurance business in 2016.   12 July 2017
Insurance
Willis hires Marsh, Aon leaders for North America CRB business
Broker Willis Towers Watson has made a series of senior appointments in its North America corporate risk and broking (CRB) business.   12 July 2017
Insurance
Lockton appoints marine leader in US
Insurance broker Lockton has appointed Christina Zapantoulis as the leader of its marine team in its Northeast US operations, based in New York City.   12 July 2017
Insurance
Greenlight Re seals $1.1 bn quota share reinsurance deal with Windhaven
Miami-based personal lines insurer Windhaven Insurance said July 11 that it sealed a multi-year $1.1 billion premium capacity quota share transaction with Greenlight Re.   12 July 2017
Insurance
US private flood insurance mostly cheaper than NFIP, study claims
A majority of single-family homes could see cheaper premiums with private insurance than with the National Flood Insurance Program (NFIP), according to a Milliman study based on the US states of Florida, Texas and Louisiana.   12 July 2017
Insurance
Everest makes senior hire to expand excess casualty offering in energy
Everest Insurance, a subsidiary of Bermuda-based Everest Re Group, has hired Andreas Graham to join its excess casualty team and lead the expansion of energy portfolio and capabilities.   11 July 2017
Insurance
Novae execs stress importance of scale as they succumb to AXIS overtures
Senior executives at Novae Group have highlighted the increasing need for scale in the risk-transfer business as the justify agreeing to the firm’s sale to AXIS Capital for £468 million ($604 million).   6 July 2017
Insurance
AXIS Capital snaps up Novae for $604m
AXIS Capital is to acquire Lloyd's insurer Novae Group for £468 million ($604 million) in an all-cash deal based on paying 700 pence per Novae share. The transaction is expected to close in the fourth quarter of 2017.   6 July 2017

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