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Weak reserves may turn market
Insurance
It is commonly believed that only a major nat cat event can end a soft market. In fact, it may be a need to significantly strengthen reserves that will deliver this outcome, Charles Manchester, CEO of Manchester Underwriting Management, told Monte Carlo Today.   12 September 2018
Insurance
Everest Insurance has hired Jeff Mickletz as director and senior underwriter within the excess casualty division of Everest Specialty Casualty.   13 February 2018
Insurance
Re/insurer XL Catlin has appointed Urs Uhlmann as CEO, country manager for Canada. He joins the business after serving five years as CEO global corporate for Zurich Canada.   13 March 2018
Insurance
Barbican Insurance Group has bolstered its financial lines division with the addition of a class underwriter for directors & officers (D&O) liability insurance, joining the business from Standard Syndicate 1884.   13 March 2018
Insurance
Specialty insurer Beazley plans to split its specialty lines division into specialty (casualty) and TMB (cyber / management liability), according to Jefferies analysts who welcomed the move given the differing growth profiles and profitability.   31 May 2018
News
Chartis has increased its commercial property per-risk capacity to $1.5 billion.   20 June 2012
Insurance
Re/insurer AXA XL has unveiled its new excess & surplus (E&S) casualty product leads in the US, including a senior hire from QBE.   12 December 2018
Insurance
WR Berkley has appointed Scott Barraclough, the president of excess and surplus lines player Admiral Insurance, as chief executive officer of Berkley Public Entity (BPE), a Berkley Company that specialises in public entities and intergovernmental pools or trusts.   26 October 2018
Insurance
Specialist insurer Beazley and Lloyd’s coverholder Risk Cooperative have partnered with blockchain technology company Bitfury to build the first blockchain-based system for crisis insurance and risk management.   2 May 2018
Insurance
US-based IAT Insurance Group has hired Donna McDermott as head of IAT Reinsurance (IAT Re) to succeed senior vice president Jim Miller who plans to retire on March 1, 2019.   19 July 2018

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