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Insurance
US property/casualty insurer Travelers has completed the acquisition of UK-based small and medium-sized enterprise (SME) insurance broker Simply Business. 7 August 2017
News
US-based Mutual Reinsurance Bureau (MRB) has launched the search for a successor to its current CEO Timothy Dorr, who has announced his plans to retire from the Illinois-based joint reinsurance association. 7 August 2017
Insurance
Mexico’s Fund for Natural Disasters (FONDEN) has returned to the insurance-linked securities (ILS) markets to secure coverage against natural catastrophes for the first time since 2012. 7 August 2017
Insurance
Speciality re/insurer Brit posted solid growth in the first six months of 2017 but its profits dipped on lower investment returns and a continued softening of rates, which were 2.2 percent down overall during the period. 4 August 2017
Insurance
JLT Specialty USA, a subsidiary of Jardine Lloyd Thompson Group (JLT), has appointed Michael O’Brien as executive vice president, as part of its expansion plans in the US around key industries and product specialties. 3 August 2017
Insurance
US rapper Kanye West filed a $10 million lawsuit over his cancelled tour against several Lloyd’s syndicates, including Lancashire Group’s Cathedral Syndicate, according to an August 1 report by The Hollywood Reporter. 2 August 2017
Insurance
Property casualty insurance provider The Travelers Companies said Aug. 2 that its board of directors elected CEO Alan Schnitzer as its next chairman, effective immediately. 2 August 2017
Insurance
Lloyd’s CEO Inga Beale has been elected the 121st president of the Chartered Insurance Institute (CII) at the professional body’s annual general meeting held in London on Aug.2. 2 August 2017
Insurance
Lloyd’s insurer Novae Group reported a loss in the first half of 2017 following the announcement that the business will be acquired by AXIS Capital Holdings. 2 August 2017
Insurance
RSA has reported a significant increase in first half profits after it completed its restructuring plan in February with the sale of its UK legacy liabilities. 2 August 2017
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