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Insurance
US-based global insurance broker AmWINS Group has appointed Perry Lyons as motor fleet underwriter for its London-based managing general agent (MGA) Unicorn Underwriting. 23 March 2017
Insurance
Switzerland-based Allied World Assurance Company's shareholders have approved the merger transaction with Canada-based property/casualty re/insurer Fairfax Financial Holdings. 23 March 2017
Insurance
US law firm Drinker Biddle & Reath has strengthened its insurance regulatory and transactional capabilities with the addition of Dan Brown as partner. 22 March 2017
Insurance
The brunt of an expected one-off reserve charge of approximately £5.8 billion due to the Ogden personal injury discount rate cut may be borne by reinsurance, according to market estimates. While reinsurers told Intelligent Insurer that they are adequately reserved they are preparing for material rate increases. 22 March 2017
Insurance
Reinsurers are particularly exposed to the UK’s decision to lower the Ogden personal injury discount rate by far more than expected, which is boosting victims’ compensation and the need for reserves, impacting the profitability of the business. 21 March 2017
Insurance
UK-based general insurer RSA has started trading on the London insurance market’s electronic placing platform PPL that enables brokers and underwriters to quote, negotiate, bind and endorse business using one market-wide system. 21 March 2017
Insurance
Re/insurer XL Catlin has appointed James Tuplin as head of cyber and technology for its international region, which excludes the US, Canada and Bermuda. 21 March 2017
Insurance
Specialist insurer Markel International has appointed Monica Novella as assistant cargo underwriter in its marine, energy and property business. 21 March 2017
Insurance
Berkshire Hathaway Specialty Insurance (BHSI) has launched a new professional liability product in Canada with the appointment of Geoffrey Kendrick as head of professional lines in the country. 21 March 2017
Insurance
Specialist Lloyd's insurer Neon has launched a new marine and offshore construction consortium that offers $70 million capacity for shipyard construction and $55 million for rig construction. 21 March 2017
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