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Insurance
The chairman of the International Union of Marine Insurance (IUMI) offshore energy committee, James McDonald warned that the sector was "sinking". 19 September 2017
Insurance
Adam Szakmary, the former CEO and portfolio manager at Blue Capital Management, has joined Hiscox Insurance Company Bermuda as director of underwriting. He replaces Damien Smith, who is returning to London after six years in Bermuda to become the head of specialty for Hiscox Re. 3 May 2017
Insurance
Re/insurer QBE North America, part of QBE Insurance Group, has appointed Marcia Blanco as senior vice president, Western region specialty underwriting and engagement leader. 3 May 2017
News
Gross written premiums grew steadily at Greenlight Capital Re in the first quarter as its CEO said he was pleased with the January renewals. But the company’s profits plummeted largely as a result of higher expenses. 3 May 2017
Insurance
Ratings agency AM Best has removed Ironshore Insurance and its subsidiaries from “under review with developing implications” following its acquisition by Liberty Mutual Holding Company’s (LMHC). 2 May 2017
Insurance
European run-off insurance company DARAG has entered an agreement to acquire all shares of Stockholm-based Swedish insurance company Ikano Försäkring, a part of Ikano Group. 6 April 2017
Insurance
Barbican Managing Agency (Barbican) is continuing to consolidate its position in what it states is a rather challenging time for the market. 13 September 2017
Insurance
The market needs to be cautious about what the full impact of hurricanes Harvey and Irma will be, in terms of both what the final losses might be and how these may impact rates, according to Patrick Haveron, president of Maiden Re. 13 September 2017
Insurance
Technology has the potential to reduce costs of insurance, enabling expansion into uninsured markets, Swiss Re chief underwriting officer Edouard Schmid told Monte Carlo Today. 13 September 2017
Insurance
The advent of artificial intelligence (AI), the Internet of Things, robotics and big data is transforming global economic systems and, in turn, revolutionising risk assessment and underwriting through the use of machine learning algorithms, Tim Yeates, managing director of Axco, told Monte Carlo Today. 13 September 2017
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