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Alternative Risk Transfer
The Lloyd’s Market Association (LMA) has formed a ‘Members’ Agent Committee’, which will represent the interest and priorities of provider and advisors of third party capital at Lloyd’s. 2 June 2017
Alternative Risk Transfer
Reinsurance broking and consultancy provider JLT Re said that the reinsurance rate decline accelerated in the 1 June 2017 renewal, falling for the sixth consecutive year. 2 June 2017
Insurance
A year after a full-scale restructuring, Munich Re subsidiary ERGO claims to be more efficiently structured, and intends to contribute more than €600 million in to the long term to the annual net profit generated by its parent. 2 June 2017
Insurance
Marsh has created a non-payment insurance product designed for banks and capital market investors that are funding new aircraft purchases from Boeing. 2 June 2017
Insurance
Deutsche Rück has negotiated better conditions with its cedants in fire/property insurance in Germany. 2 June 2017
Insurance
Nearly 6.9 million US homes along the Atlantic and Gulf coasts are at potential risk of damage from hurricane storm surge inundation with a total reconstruction cost value (RCV) of more than $1.5 trillion, according to a new report by US data analytics company CoreLogic. 1 June 2017
Insurance
The US casualty renewal rates have increased in the first quarter of 2017 for the first time since the third quarter of 2014, according to the latest Marsh Global Insurance Market Index. 1 June 2017
Insurance
Allstate, Liberty Mutual and Travelers are on top of a list of insurers most exposed to what is expected to be an “above average” 2017 Atlantic hurricane season, CreditSights analysts wrote in a May 31 note. 1 June 2017
Insurance
The implementation of the new accounting standard IFRS 17 may cost between £1bn – £2bn in the UK, said Nic Nicandrou, chief financial officer of Prudential. 1 June 2017
Insurance
Reinsurance broker Guy Carpenter & Company, a wholly owned subsidiary of Marsh & McLennan, has strengthened its regional team in Europe with the appointment of Hans van Oort as managing director of Benelux operations. 1 June 2017
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