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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
Top cyber insurance writers have shifted their writings to standalone policies and away from packaged policies, according to a June 22 AM Best report. 23 June 2017
Insurance
Barbican Insurance Group has appointed Hans Sherman as underwriting manager of its directors’ and officers’ (D&O) team. 9 June 2016
News
Profits plummeted at PartnerRe in the first quarter of the year as it blamed a number of factors including changes to the Ogden discount rate in the UK, a decline in favorable prior year reserve development and lower profitability in its health line of business. 4 May 2017
Insurance
XL Group CEO Michael McGavick said that he is not surprised that there is speculation about a potential takeover of XL Group by other market players. 14 February 2018
News
PartnerRe’s second quarter 2017 income came to $191 million, a substantial increase on the $137 million it made over the same period of 2016. 28 July 2017
Insurance
The global non-life insurance market has experienced strong growth in recent years, registering a compound annual growth rate (CAGR) of 5.4 percent between 2011 and 2015 to reach a value of $2.03 trillion, according to data from research company MarketLine. 14 March 2017
Insurance
Fitch Ratings has changed its sector outlook for the Italian life insurance market to negative from stable, noting that wider spreads on Italian sovereign debt may weaken insurers' capitalisation and business retention. 14 March 2017
Insurance
US-based Markel Corporation has entered into a definitive agreement to acquire State National Companies, a specialty provider of property/casualty insurance operating in two niche markets - programmes services and lender services, for approximately $919 million. 27 July 2017
Insurance
Cyber solutions provider Cyence has revealed the cybersecurity and insurance specialists on its advisory board. 13 October 2016
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