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Insurance
Liberty Specialty Markets (LSM), part of the Liberty Mutual Insurance Group, is planning to establish a new subsidiary in Europe to retain its access to the market after Brexit, with an indication as to its location to be confirmed in June. 23 May 2017
News
Premium rates are set to further decline in reinsurance throughout 2017 due to overcapacity and sluggish demand, according to Fitch Ratings. 16 May 2017
Insurance
UK bulk annuity transactions are set to reach £30 billion in 2018 for the first time, making it a “bumper year”, according to Aon. 15 December 2017
Insurance
XL Catlin has introduced an accident and health (A&H) solution, ‘Protect and Assist’, which is designed to help UK businesses protect its employees and meet duty and care needs against emerging risks and heightened security threats. 20 April 2017
Insurance
American International Group (AIG) enjoyed a return to solid profits in its first quarter results as its CEO highlighted the company was enjoying the fruits of actions it has taken to execute to strengthen its balance sheet and improve earnings quality. 4 May 2017
Insurance
Saga, a UK-based specialist insurer for life after 50, has seen its profits impacted by the collapse of Monarch Airlines. 6 December 2017
News
Arch Reinsurance Company has appointed John Willemsen and Bill Hopkins as managing directors in its underwriting team in Morristown, New Jersey. 7 January 2016
Insurance
Alleghany president Weston Hicks bets on investments outside of re/insurance to boost profitability. Hicks sees little upside from buying back shares, and the company’s $1 billion in relatively liquid assets gives it the flexibility to take advantages of opportunities such as market hardening, if they come to fruition. 29 March 2017
Insurance
Trump Administration’s proposed spending cuts to the Federal Emergency Management Agency (FEMA) would put lives, property and taxpayer dollars at risk, according to SmarterSafer. 17 March 2017
Insurance
Specialty property/casualty insurer AmTrust Financial Services is further divesting assets to strengthen its capital position while reporting a loss for the third quarter. 9 November 2017
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