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Insurance
Retiring Axis CFO to receive $1.2m for consulting
Bermuda-based AXIS Capital Holdings has agreed to pay departing chief financial officer (CFO) Joseph Henry a fee of $1.2 million for advisory services in 2018.   15 December 2017
Insurance
Fidelis acquires equity stake in new MGA to add surety capacity
Bermudian Fidelis Insurance has taken an equity stake in new managing general agent (MGA) Firestone Surety and will be providing underwriting capacity.   15 December 2017
Insurance
Novae appoints non-exec director
London-based underwriting company Novae Group has appointed Andrew Torrance as an independent non-executive director, to take effect from 1 March 2016.   12 February 2016
Insurance
Nationwide invests in AI insurtech start-up Betterview
US-based insurance and financial services provider Nationwide has made a strategic venture capital investment in Betterview, a software platform and service provider for capturing and analysing data from drones.   8 May 2018
Insurance
Swinton Group partners with UK MGA Lorega
Insurance retailer Swinton Group has partnered with UK MGA and assistance specialist Lorega to provide commercial loss recovery insurance and expert loss adjusting services for its SME customer base.   5 July 2017
Alternative Risk Transfer
Russell Group launches new casualty risk management product
UK-based risk management solutions provider Russell Group has launched a new offering that enables casualty underwriters model, price and manage connected risks.   30 August 2017
Insurance
XL Catlin taps Everest National exec for US excess casualty
Re/insurer XL Catlin has hired a senior executive from Everest National Insurance for its global excess casualty insurance business.   1 February 2018
Insurance
Berkshire Hathaway, Amazon and JP Morgan announce joint venture
Warren Buffett’s Berkshire Hathaway has teamed up with Amazon and JPMorgan Chase to form a new non-profit company aimed at improving healthcare options for their US workers, according to a Jan. 30 press release.   31 January 2018
Insurance
European insurers may face higher cost of capital due to IFRS 17
The new international accounting standard for insurance contracts from 2021, IFRS 17, could temporarily increase the cost of capital for European insurers, Fitch Ratings said in a Jan. 26 note.   29 January 2018
Insurance
Zurich expects $700m Q3 nat cat impact
Multi-line insurer Zurich Insurance group said on Oct. 19 that it expects aggregate claims in the third quarter of 2017 related to hurricanes Harvey, Irma and Maria, for the group’s property & casualty business, to be approximately $700 million net of reinsurance and before tax.   19 October 2017

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