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Swiss Re unveils new capital markets unit in Brexit move

Swiss Re has formed a new capital markets unit in Luxembourg and applied for authorisation to trade with EEA based clients to ensure trading continuity post-Brexit.   30 January 2019

Insurance

RFIB appoints ex-Aon as reinsurance CEO to ramp up growth plans in Asia

Lloyd's re/insurance broker RFIB Group has appointed Stephen Warwick as CEO reinsurance, Asia Pacific, following a strategic review of the region.   30 January 2019

Insurance

AXIS Re taps Gen Re's Arbuckle as new underwriting head for Canada

Bermuda-based AXIS Capital Holdings has hired a senior executive from Gen Re to expand AXIS Re’s Canadian market business and establish new partnerships in the region.   30 January 2019

Insurance

Lloyd's appoints former US Senator John Sununu to council

Specialist insurance and reinsurance market Lloyd's has appointed former United States Senator John Sununu as a new member of its Council for a three-year term, beginning Feb 6, 2019.   30 January 2019

Insurance

Chinese insurers likely to ignore investment advice from regulator CBIRC: Fitch

Chinese insurers are unlikely to dramatically alter their investment strategies or modify their asset allocations despite recent encouragement from the China Banking and Insurance Regulatory Commission (CBIRC) to invest their long-term funds in high-quality listed stocks and bonds, long-term equity investments, and securities brokerage firms' asset management plans and trust products, according to Fitch Ratings.   30 January 2019

Insurance

WR Berkley posts positive 2018 results but shrinks reinsurance unit

WR Berkley posted positive results for 2018 despite what it called a period of elevated worldwide catastrophes, but it shrank its reinsurance unit stressing that it will “grow where it can achieve its targeted return, while de-emphasizing less attractive opportunities”.   30 January 2019

Insurance

AXA launches new entity to accelerate innovation

French insurer AXA Group has unveiled a new entity, AXA Next, dedicated to build new services and business models beyond insurance. Each year, it will invest €200 million in its innovation vehicle.   29 January 2019

Insurance

Lloyd's Channel Syndicate appoints new technology, cyber leader

Channel Syndicate 2015 at Lloyd’s has appointed a new head of technology and cyber to further develop its offering.   29 January 2019

Insurance

Neon snags claims manager from Generali in Italy

Specialist Lloyd's insurer Neon has hired Paolo Olivari as claims manager in Italy from Generali.   29 January 2019

Insurance

IAIS systemic risk proposals “lack sufficient clarity”

Insurance Europe has criticised proposals from the International Association of Insurance Supervisors (IAIS) for a new framework for identifying and managing systemic risk in the insurance sector.   29 January 2019

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