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Insurance
Challenging market conditions mean the re/insurance industry is poised for yet more consolidation, but transactions will become more challenging because of the smaller pool of acquisition targets, Moody’s has claimed in a new report called ‘More M&A deals as firms seek to broaden depth, scale and market relevance’. 12 July 2018
Insurance
Specialist insurance broker Price Forbes, part of the Ardonagh Group of companies, has expanded its power, utility and construction team with four new appointments from JLT, Marsh and Miller. 12 July 2018
Insurance
The net income of private US property/casualty insurers more than doubled to $17.1 billion in first-quarter 2018 from $7.9 billion in first-quarter 2017, helped by lower catastrophe losses and increased reserve releases, according to a study by ISO, a Verisk business, and the Property Casualty Insurers Association of America (PCI). 12 July 2018
Insurance
Risk models are good at estimating the losses arising from ‘conventional hurricane events’ but their performance decreases when it comes to more severe or unusual events, according to a study by JLT Re, which analysed the precision of modelled market loss estimates for significant hurricanes since 2004. 12 July 2018
Insurance
Natural disasters across the world caused significantly lower losses than usual in the first half of 2018 at around $33 billion, according to Munich Re. 11 July 2018
Insurance
Upon closing of the acquisition of the XL Group, the AXA XL-branded unit will combine the group’s P&C commercial lines and specialty risks, AXA CEO Thomas Buberl said in a blog. 11 July 2018
Insurance
Broker Aon has collaborated with property/casualty insurer Chubb and Lloyd’s to develop a standalone terrorism and political violence solution that addresses the demands of an increasingly regulated environment. 10 July 2018
Insurance
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, is transferring European retail renewal rights from Ironshore Europe to Liberty Specialty Markets. 10 July 2018
Insurance
Bermuda-based reinsurer Monument Re has acquired Robein Leven and its subsidiaries from Amerborgh Financial Services as part of its growth strategy in the Benelux region. 10 July 2018
Insurance
Zurich Australian Insurance, a division of Zurich Insurance Group, has appointed Tim Plant as CEO of general insurance, Australia & New Zealand. 10 July 2018
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