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Insurance
Alliant forms specialty group under president Peter Arkley
California-based Alliant Insurance has combined its portfolio of industry-focused specialty insurance practices under one banner to form Alliant Specialty Group, which will be led by Peter Arkley.   13 April 2017
News
Swiss Re puts Cyclone Debbie claims at $350m, total insured market losses at $1.3bn
Swiss Re has reported its claims estimate for tropical Cyclone Debbie at around $350 million.   13 April 2017
Insurance
Allianz Insurance appoints claims major loss manager
UK-based Allianz Insurance, part of the Allianz Group, has appointed Bob Dawson to the position of claims major loss manager.   13 April 2017
Insurance
Zurich completes Cover-More takeover for $565m
Zurich Insurance Group has completed the acquisition of Australian travel insurer Cover-More Group in a A$741 million ($565 million) deal that expands its travel portfolio and positions Zurich as a top three global travel insurance provider.   13 April 2017
News
RenRe expects $30m hit from UK Ogden rate cut
Bermuda-based RenaissanceRe Holdings (RenRe) has estimated that the pre-tax impact of the Ogden rate change on its carried reserves is approximately $30 million, and will be recognised in the first quarter of 2017.   13 April 2017
Insurance
Ogden hits LV= 2016 results with £139m reserve increase
Mutual insurer London Victoria (LV=) recorded an 81 percent fall in operating profit for 2016 due to the UK's personal injury Ogden discount rate change.   13 April 2017
Insurance
Markel promotes Mozingo to global insurance role in US
Markel Corporation has appointed Glenn Mozingo to the newly-created role of managing director, global insurance business development and corporate account executive.   13 April 2017
Insurance
LMA urges UK government rethink of compulsory motor insurance scope
The Lloyd’s Market Association (LMA) has urged the UK government to rethink the consequences of the ‘Vnuk’ judgement, a European Court of Justice decision that broadened the scope of compulsory motor insurance.   13 April 2017
Insurance
AM Best downgrades Lloyd’s Syndicate 2001 on deteriorating performance
Ratings agency AM Best has downgraded the Financial Strength Rating (FSR) of MS Amlin Underwriting managed Lloyd’s Syndicate 2001 due to what it describes as deteriorating technical performance.   13 April 2017
Insurance
Probitas seeks new investors after liquidators are appointed at backer Istmo Re
Probitas Syndicate 1492 at Lloyd’s has claimed that it is business as usual as it seeks new investors following the appointment of liquidators at Istmo Compañía de Reaseguros (Istmo Re), the Panama reinsurer which backs the syndicate.   12 April 2017

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