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Insurance
Lancashire Holdings has entered into conditional agreements to acquire Cathedral Capital, the privately owned Lloyd's insurer, from Alchemy Partners and Cathedral management for £266 million in cash. 7 August 2013
Insurance
Willis Re has appointed Chris McDowell as the chief executive officer of Willis Re Bermuda, effective January 1 2017. 24 August 2016
Insurance
Zurich’s life business has enabled Zurich to post a stable operating profit in the first half of 2017, offsetting the impact caused by the UK’s personal injury Ogden rate change. 10 August 2017
Insurance
Bernstein analysts expect US nat cat prices to increase by an average of 10 percent and US commercial property to go up by on average 5 percent as a result of insured losses caused by Hurricane Irma, Harvey and Maria. 4 October 2017
Insurance
The insurance industry has the worst communicators in the financial services sector and the industry risks becoming irrelevant if it continues to look to the past instead of the future, Stephen Catlin, the founder and former CEO of Catlin Group, has claimed in a new book. 4 July 2017
News
Reinsurance broker Guy Carpenter & Company, a wholly owned subsidiary of Marsh & McLennan Companies, has launched a new unit offering dedicated retrocession services to clients in the Asia Pacific region. 29 June 2017
Insurance
Between 30 percent and 40 percent of some insurers’ revenues are at risk from the threat being created by Insurtech embracing technological innovations including data, robotics and artificial intelligence (AI), according to Paul Williams, executive chairman of insurtech company JRW Group. 4 July 2017
News
Pricing on many lines of business continued to soften in the June 1 and July 1 renewals on the back of intense competition though price increases were recorded on treaties hit by losses, especially in Australia and New Zealand, according to Hannover Re, commenting in relation to its first half results. 10 August 2017
Insurance
The number of M&A insurance claims is increasing and large transactions are proving to be riskier with the average pay-out topping $20 million, according to a study of representation and warranty (R&W) claims by American International Group (AIG). 20 April 2017
Insurance
After a busy 2015, when a flurry of M&A transformed the business, Willis Re’s global chief executive John Cavanagh is comfortable coming back above the parapet and extolling the virtues of growth despite numerous headwinds. Intelligent Insurer reports. 7 September 2016
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