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Insurance
Majority of global insurers see insurtech impacting revenues
Global insurers expect insurtech growth to threaten their revenues, according to a PwC survey.   29 June 2017
Insurance
US motor insurance net losses to grow in 2017: Report
Private auto net incurred losses will increase by nearly 7 percent in 2017 to a new record of approximately $154 billion, reflecting elevated volume and costs of claims, according to the third annual US Property & Casualty Insurance Market Report by S&P Global Market Intelligence.   29 June 2017
Insurance
Former RenaissanceRe CEO Currie resurfaces at Ascot Group
Bermuda-based holding company Ascot Group (AGL) has appointed former RenaissanceRe CEO Neill Currie as its executive chairman.   28 June 2017
Insurance
LMA launches claims management initiative for Lloyd’s carriers
The Lloyd's Market Association (LMA) has announced its plan to establish a claims expert management hub for Lloyd's carriers.   28 June 2017
Insurance
Lloyd’s warns on cyber costs after Petya ransomware attack
Businesses could face a much higher bill than they expect or are prepared for after falling victim to a cyber-attack, according to new research from Lloyd’s, released just after the latest Petya cyber-attack.   28 June 2017
Insurance
Hiscox USA reveals new chief operating officer
Specialist insurer Hiscox has appointed Josh Nevin as chief operating officer (COO) for its US business unit.   28 June 2017
Insurance
IAG prepares for higher reserve releases, raises FY 2017 margin guidance
Australian insurer IAG said on June 28 that a preliminary review of the financial year ending June 30, 2017, indicates reserve releases of at least 5 percent of net earned premium.   28 June 2017
News
Consumers facing floods should welcome more options, the RAA suggests
With the National Flood Insurance Program (NFIP) due to sunset in September, now is the time to embrace and facilitate the development of a private flood market, say Nicole Austin and Dennis Burke of the Reinsurance Association of America.   27 June 2017
Insurance
Suncorp beats $144m Fairfax deal to acquire New Zealand's Tower
Suncorp subsidiary Vero Insurance has won the battle to acquire New Zealand-based general insurer Tower, beating Fairfax Financial's $144 million all-cash offer.   27 June 2017
Insurance
Alliant Specialty MGA partners with Munich Re US to expand offering
California-based Community Association Underwriters of America (CAU), a managing general agency and division of Alliant Specialty Insurance Services, has formed a new partnership with Munich Reinsurance America through its specialty markets division.   27 June 2017

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