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California wildfires force insurers to adapt
Insurance
Wildfires in Northern California and in Southern California caused record-breaking insured losses in 2017, impacting re/insurers’ profitability and requiring changes in underwriting and the underlying risk models.   17 January 2018
Insurance
US-bases commercial insurer CNA has appointed Carrie Goesel as vice president, financial institutions underwriting.   9 January 2018
Insurance
Simon Beale, currently chief underwriting officer of MS Amlin, will succeed Charles Philipps as the CEO in April 2018.   4 January 2018
Insurance
Sompo International's US insurance platform has reached an agreement to purchase the operating subsidiaries of Lexon Surety Group.   4 January 2018
Insurance
Armour, a P&C run-off insurance business, has raised some $500 million in equity commitments in partnership with an investor group led by Aquiline Capital Partners, a New York-based private equity firm. It will form a new reinsurer with the money.   4 January 2018
Insurance
XL Group's group chief enterprise risk officer (CERO) Jacob Rosengarten has retired. His successor has been named as Fielding Norton, previously deputy CERO.   4 January 2018
Insurance
AM Best is revising its outlook on the commercial lines segment of the US property/casualty industry to stable from negative for 2018, citing an embedded change in the sophistication of the segment’s pricing and underwriting infrastructure and the segment’s resilience amid a variety of macroeconomic and insurance market issues in recent years.   4 January 2018
Insurance
Pioneer Underwriters has hired a financial lines underwriter from Chubb to boost its financial institutions unit.   4 January 2018
Insurance
The re/insurance industry will bear record catastrophe losses of $135 billion in 2017 following hurricanes Harvey, Irma and Maria as well as a severe earthquake in Mexico, according to Munich Re’s calculations.   4 January 2018
Insurance
Maidstone Insurance Company, a New York-domiciled, personal lines insurer with 23 state licenses, has been acquired by Special Diversified Opportunities, a publically traded diversified holding company that acquires companies in various industries.   4 January 2018

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